Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 4,522 Shares of Genuine Parts Company $GPC

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Genuine Parts Company (NYSE:GPC) by 26.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,762 shares of the specialty retailer’s stock after acquiring an additional 4,522 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Genuine Parts were worth $3,016,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BCS Private Wealth Management Inc. increased its holdings in shares of Genuine Parts by 1.7% in the third quarter. BCS Private Wealth Management Inc. now owns 27,837 shares of the specialty retailer’s stock worth $3,887,000 after purchasing an additional 476 shares during the last quarter. Hartford Financial Management Inc. boosted its stake in Genuine Parts by 13.8% during the third quarter. Hartford Financial Management Inc. now owns 21,062 shares of the specialty retailer’s stock valued at $2,919,000 after buying an additional 2,552 shares during the last quarter. Stephens Inc. AR grew its holdings in Genuine Parts by 10.0% during the 3rd quarter. Stephens Inc. AR now owns 70,668 shares of the specialty retailer’s stock valued at $9,808,000 after buying an additional 6,414 shares in the last quarter. TD Private Client Wealth LLC increased its stake in Genuine Parts by 17.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,653 shares of the specialty retailer’s stock worth $229,000 after acquiring an additional 242 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in Genuine Parts in the 3rd quarter worth approximately $63,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Up 0.5%

GPC stock opened at $136.80 on Monday. The firm’s fifty day simple moving average is $127.82 and its 200-day simple moving average is $131.54. The company has a market capitalization of $19.03 billion, a P/E ratio of 23.55 and a beta of 0.75. Genuine Parts Company has a 12 month low of $104.01 and a 12 month high of $143.48. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.14 and a quick ratio of 0.51.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, October 21st. The specialty retailer reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.04). The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Genuine Parts had a return on equity of 22.57% and a net margin of 3.36%.The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.88 EPS. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. As a group, equities research analysts forecast that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. Genuine Parts’s dividend payout ratio is 70.91%.

Wall Street Analysts Forecast Growth

GPC has been the subject of a number of recent research reports. Evercore ISI raised their target price on shares of Genuine Parts from $148.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Monday, December 29th. UBS Group boosted their target price on shares of Genuine Parts from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Truist Financial increased their price target on shares of Genuine Parts from $143.00 to $146.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. boosted their target price on Genuine Parts from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

About Genuine Parts

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.