Genuine Parts Company $GPC Holdings Decreased by Fiduciary Family Office LLC

Fiduciary Family Office LLC trimmed its position in Genuine Parts Company (NYSE:GPC) by 28.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,546 shares of the specialty retailer’s stock after selling 1,001 shares during the quarter. Fiduciary Family Office LLC’s holdings in Genuine Parts were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in GPC. Rossby Financial LCC bought a new stake in shares of Genuine Parts in the 1st quarter valued at approximately $25,000. Olde Wealth Management LLC bought a new stake in shares of Genuine Parts in the 1st quarter valued at approximately $27,000. North Capital Inc. bought a new stake in shares of Genuine Parts in the 1st quarter valued at approximately $28,000. Concord Wealth Partners grew its stake in Genuine Parts by 148.7% during the 2nd quarter. Concord Wealth Partners now owns 296 shares of the specialty retailer’s stock worth $36,000 after buying an additional 177 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its stake in Genuine Parts by 7,950.0% during the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the specialty retailer’s stock worth $38,000 after buying an additional 318 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Trading Up 1.9%

Shares of GPC stock opened at $134.37 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 1.14. Genuine Parts Company has a 1 year low of $104.01 and a 1 year high of $143.48. The stock has a fifty day moving average of $137.50 and a two-hundred day moving average of $128.04. The firm has a market capitalization of $18.69 billion, a PE ratio of 23.13 and a beta of 0.77.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, October 21st. The specialty retailer reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.04). Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter last year, the firm posted $1.88 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. As a group, research analysts expect that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GPC shares. Loop Capital upped their price objective on Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Truist Financial set a $146.00 price objective on Genuine Parts in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on Genuine Parts from $134.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Evercore ISI upped their price objective on Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Finally, UBS Group upped their price objective on Genuine Parts from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $139.29.

Insider Buying and Selling at Genuine Parts

In other news, EVP Naveen Krishna sold 5,303 shares of the company’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $138.12, for a total value of $732,450.36. Following the completion of the sale, the executive vice president owned 26,112 shares in the company, valued at $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 SEC, which is available through this link. 0.42% of the stock is currently owned by company insiders.

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.