Yousif Capital Management LLC Trims Stock Position in Genuine Parts Company $GPC

Yousif Capital Management LLC lowered its holdings in shares of Genuine Parts Company (NYSE:GPC) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,163 shares of the specialty retailer’s stock after selling 2,898 shares during the quarter. Yousif Capital Management LLC owned approximately 0.05% of Genuine Parts worth $8,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Diversified Trust Co increased its position in shares of Genuine Parts by 1.8% during the 2nd quarter. Diversified Trust Co now owns 4,636 shares of the specialty retailer’s stock valued at $562,000 after purchasing an additional 83 shares during the last quarter. Brown Lisle Cummings Inc. increased its position in Genuine Parts by 5.7% in the second quarter. Brown Lisle Cummings Inc. now owns 1,541 shares of the specialty retailer’s stock worth $187,000 after buying an additional 83 shares in the last quarter. Oak Asset Management LLC increased its position in Genuine Parts by 0.6% in the second quarter. Oak Asset Management LLC now owns 13,462 shares of the specialty retailer’s stock worth $1,633,000 after buying an additional 85 shares in the last quarter. Horizon Investments LLC increased its position in Genuine Parts by 4.8% in the first quarter. Horizon Investments LLC now owns 1,996 shares of the specialty retailer’s stock worth $238,000 after buying an additional 91 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its position in Genuine Parts by 2.8% in the first quarter. Pinnacle Associates Ltd. now owns 3,376 shares of the specialty retailer’s stock worth $402,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Insider Buying and Selling

In related news, EVP Naveen Krishna sold 5,303 shares of the stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $138.12, for a total transaction of $732,450.36. Following the completion of the transaction, the executive vice president directly owned 26,112 shares of the company’s stock, valued at approximately $3,606,589.44. This represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on GPC shares. Evercore ISI upped their price target on Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. UBS Group upped their price target on Genuine Parts from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday. Loop Capital upped their price target on Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Truist Financial upped their price target on Genuine Parts from $137.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their target price on Genuine Parts from $134.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $138.86.

Genuine Parts Stock Performance

NYSE:GPC opened at $131.64 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Genuine Parts Company has a 12-month low of $104.01 and a 12-month high of $144.29. The stock has a 50-day moving average price of $137.53 and a 200 day moving average price of $127.49. The stock has a market capitalization of $18.31 billion, a P/E ratio of 22.66 and a beta of 0.77.

Genuine Parts (NYSE:GPC) last announced its quarterly 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. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.10 billion. During the same period in the prior year, the company earned $2.44 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. Equities research analysts forecast that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. Genuine Parts’s dividend payout ratio is presently 70.91%.

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.