Motco Has $4.06 Million Stock Holdings in Genuine Parts Company $GPC

Motco cut its stake in shares of Genuine Parts Company (NYSE:GPC) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 31,516 shares of the specialty retailer’s stock after selling 659 shares during the quarter. Motco’s holdings in Genuine Parts were worth $4,062,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GPC. Rossby Financial LCC bought a new stake in Genuine Parts in the first quarter valued at approximately $25,000. Olde Wealth Management LLC bought a new stake in Genuine Parts in the first quarter valued at approximately $27,000. North Capital Inc. bought a new stake in Genuine Parts in the first quarter valued at approximately $28,000. Concord Wealth Partners raised its stake in Genuine Parts by 148.7% in the second quarter. Concord Wealth Partners now owns 296 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 177 shares during the period. Finally, Golden State Wealth Management LLC raised its stake in Genuine Parts by 7,950.0% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 318 shares during the period. 78.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Genuine Parts news, EVP Naveen Krishna sold 5,303 shares of the firm’s stock in a transaction 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 transaction, the executive vice president owned 26,112 shares in the company, valued at $3,606,589.44. This trade represents a 16.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is currently owned by company insiders.

Genuine Parts Price Performance

Genuine Parts stock opened at $131.64 on Wednesday. The stock’s fifty day moving average price is $136.90 and its two-hundred day moving average price is $128.92. Genuine Parts Company has a one year low of $104.01 and a one year 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. The firm has a market cap of $18.31 billion, a PE ratio of 22.66 and a beta of 0.77.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, October 21st. The specialty retailer reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.04). Genuine Parts had a return on equity of 22.57% and a net margin of 3.36%.The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter last year, the business earned $1.88 EPS. Genuine Parts’s revenue was up 4.9% on a year-over-year basis. 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 fiscal year.

Genuine Parts Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have issued reports on GPC shares. Evercore ISI upped their price objective on Genuine Parts from $148.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Genuine Parts in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on Genuine Parts from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. UBS Group increased their target price on Genuine Parts from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Finally, Loop Capital increased their target price on Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $143.33.

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.