Genuine Parts Company $GPC Stake Boosted by Haverford Trust Co

Haverford Trust Co grew its stake in shares of Genuine Parts Company (NYSE:GPC) by 0.1% in the 1st quarter, Holdings Channel reports. The firm owned 106,513 shares of the specialty retailer’s stock after acquiring an additional 140 shares during the quarter. Haverford Trust Co’s holdings in Genuine Parts were worth $12,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rossby Financial LCC bought a new position in shares of Genuine Parts during the first quarter worth about $25,000. Olde Wealth Management LLC bought a new position in shares of Genuine Parts during the first quarter worth about $27,000. North Capital Inc. bought a new position in Genuine Parts in the 1st quarter worth about $28,000. Investors Research Corp grew its position in Genuine Parts by 75.3% in the 1st quarter. Investors Research Corp now owns 291 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 125 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its position in Genuine Parts by 7,950.0% in the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 318 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Trading Up 2.3%

Shares of NYSE:GPC opened at $139.4990 on Friday. The stock has a market capitalization of $19.40 billion, a price-to-earnings ratio of 24.01 and a beta of 0.75. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 1.14. The company has a 50 day moving average price of $128.41 and a 200 day moving average price of $123.46. Genuine Parts Company has a 1-year low of $104.01 and a 1-year high of $144.49.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 EPS for the quarter, topping the consensus estimate of $2.08 by $0.02. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.10 billion. During the same quarter last year, the firm posted $2.44 earnings per share. Genuine Parts’s revenue was up 3.4% compared to the same quarter last year. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. On average, research analysts anticipate that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, September 5th. Genuine Parts’s dividend payout ratio (DPR) is currently 70.91%.

Wall Street Analyst Weigh In

Several research firms have commented on GPC. Loop Capital upped their target price on shares of Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Argus raised Genuine Parts to a “strong-buy” rating in a report on Friday, April 25th. Truist Financial increased their price target on Genuine Parts from $137.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Wall Street Zen cut Genuine Parts from a “buy” rating to a “hold” rating in a research note on Saturday, April 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of Genuine Parts from $134.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Genuine Parts currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.29.

About Genuine Parts

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.