CW Advisors LLC Cuts Stake in Genuine Parts Company $GPC

CW Advisors LLC reduced its stake in shares of Genuine Parts Company (NYSE:GPC) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,948 shares of the specialty retailer’s stock after selling 158 shares during the period. CW Advisors LLC’s holdings in Genuine Parts were worth $3,568,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Horizon Investments LLC increased its position in Genuine Parts by 4.8% during the 1st quarter. Horizon Investments LLC now owns 1,996 shares of the specialty retailer’s stock worth $238,000 after purchasing an additional 91 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of Genuine Parts by 2.8% during the 1st quarter. Pinnacle Associates Ltd. now owns 3,376 shares of the specialty retailer’s stock valued at $402,000 after buying an additional 93 shares during the last quarter. Strategic Wealth Partners Ltd. lifted its stake in Genuine Parts by 4.2% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 2,420 shares of the specialty retailer’s stock worth $302,000 after purchasing an additional 98 shares during the last quarter. Keybank National Association OH lifted its stake in Genuine Parts by 0.5% during the first quarter. Keybank National Association OH now owns 20,862 shares of the specialty retailer’s stock worth $2,486,000 after purchasing an additional 98 shares during the last quarter. Finally, Veracity Capital LLC lifted its stake in Genuine Parts by 4.9% during the first quarter. Veracity Capital LLC now owns 2,147 shares of the specialty retailer’s stock worth $256,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Stock Performance

Shares of NYSE GPC opened at $139.4990 on Friday. The business has a fifty day simple moving average of $128.41 and a 200 day simple moving average of $123.49. The company has a current ratio of 1.14, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $19.40 billion, a price-to-earnings ratio of 24.01 and a beta of 0.75. Genuine Parts Company has a one year low of $104.01 and a one 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, beating analysts’ consensus estimates of $2.08 by $0.02. The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.10 billion. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.Genuine Parts’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.44 earnings per share. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. Sell-side analysts expect that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GPC shares. Wall Street Zen cut Genuine Parts from a “buy” rating to a “hold” rating in a research note on Saturday, April 26th. JPMorgan Chase & Co. raised their price target on Genuine Parts from $134.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Loop Capital lifted their target price on Genuine Parts from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Truist Financial boosted their price target on Genuine Parts from $137.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, UBS Group boosted their price target on Genuine Parts from $125.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Genuine Parts presently has a consensus rating of “Moderate Buy” and an average target price of $135.29.

Genuine Parts Profile

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.