Genuine Parts Company $GPC Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. increased its position in shares of Genuine Parts Company (NYSE:GPC) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,688 shares of the specialty retailer’s stock after purchasing an additional 568 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Genuine Parts were worth $5,906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Twin City Private Wealth LLC lifted its holdings in shares of Genuine Parts by 19.1% during the second quarter. Twin City Private Wealth LLC now owns 13,479 shares of the specialty retailer’s stock worth $1,647,000 after purchasing an additional 2,158 shares during the period. Great Lakes Retirement Inc. lifted its holdings in shares of Genuine Parts by 10.4% during the second quarter. Great Lakes Retirement Inc. now owns 11,898 shares of the specialty retailer’s stock worth $1,455,000 after purchasing an additional 1,117 shares during the period. Assetmark Inc. lifted its holdings in shares of Genuine Parts by 110.7% during the second quarter. Assetmark Inc. now owns 49,002 shares of the specialty retailer’s stock worth $5,944,000 after purchasing an additional 25,750 shares during the period. Keybank National Association OH lifted its holdings in shares of Genuine Parts by 10.7% during the second quarter. Keybank National Association OH now owns 23,085 shares of the specialty retailer’s stock worth $2,800,000 after purchasing an additional 2,223 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Genuine Parts by 7,825.0% during the second quarter. Hantz Financial Services Inc. now owns 317 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 313 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Trading Down 0.8%

Shares of GPC stock opened at $127.32 on Monday. 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 company has a market cap of $17.71 billion, a price-to-earnings ratio of 21.91 and a beta of 0.77. The stock has a 50 day simple moving average of $136.34 and a 200-day simple moving average of $129.31. Genuine Parts Company has a 1-year low of $104.01 and a 1-year high of $143.48.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, October 21st. The specialty retailer reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.04). The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. Genuine Parts had a return on equity of 22.57% and a net margin of 3.36%.The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.88 earnings per share. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. On average, equities research analysts expect that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, September 5th. Genuine Parts’s dividend payout ratio is presently 70.91%.

Wall Street Analyst Weigh In

GPC has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on Genuine Parts from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Truist Financial boosted their price target on Genuine Parts from $143.00 to $146.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Loop Capital boosted their price target on Genuine Parts from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 24th. UBS Group boosted their price target on Genuine Parts from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Genuine Parts in a report on Wednesday, October 8th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.33.

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 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 $3,606,589.44. This represents a 16.88% decrease in their position. 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 insiders.

Genuine Parts Company 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.