Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 2,243 Shares of Genuine Parts Company $GPC

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Genuine Parts Company (NYSE:GPC) by 7.1% during the 2nd quarter, Holdings Channel reports. The fund owned 34,039 shares of the specialty retailer’s stock after purchasing an additional 2,243 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Genuine Parts were worth $4,129,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in GPC. Golden State Wealth Management LLC boosted its position in Genuine Parts by 8,833.3% during the second quarter. Golden State Wealth Management LLC now owns 268 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 265 shares in the last quarter. Concord Wealth Partners raised its holdings in Genuine Parts by 148.7% in the second quarter. Concord Wealth Partners now owns 296 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 177 shares in the last quarter. Hantz Financial Services Inc. lifted its position 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 valued at $38,000 after buying an additional 313 shares during the last quarter. Quaker Wealth Management LLC boosted its holdings in shares of Genuine Parts by 11,533.3% in the 2nd quarter. Quaker Wealth Management LLC now owns 343 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 346 shares in the last quarter. Finally, Cromwell Holdings LLC grew its position in shares of Genuine Parts by 49.1% in the 2nd quarter. Cromwell Holdings LLC now owns 346 shares of the specialty retailer’s stock worth $42,000 after buying an additional 114 shares during the last quarter. 78.83% of the stock is owned by institutional investors.

Genuine Parts Price Performance

NYSE GPC opened at $126.28 on Wednesday. The company has a market cap of $17.57 billion, a price-to-earnings ratio of 21.74 and a beta of 0.75. 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 stock’s fifty day moving average price is $133.17 and its 200 day moving average price is $130.11. Genuine Parts Company has a 1 year low of $104.01 and a 1 year high of $143.48.

Genuine Parts (NYSE:GPC) last posted its quarterly 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 firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Genuine Parts had a net margin of 3.36% and a return on equity of 22.57%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.88 EPS. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. As a group, equities research analysts forecast that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, December 5th. Genuine Parts’s dividend payout ratio is 70.91%.

Insider Transactions at Genuine Parts

In other Genuine Parts news, EVP Naveen Krishna sold 5,303 shares of Genuine Parts stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $138.12, for a total transaction of $732,450.36. Following the completion of the sale, the executive vice president directly owned 26,112 shares in the company, valued at approximately $3,606,589.44. The trade was a 16.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GPC. Weiss Ratings reissued a “hold (c)” rating on shares of Genuine Parts in a research report on Wednesday, October 8th. The Goldman Sachs Group upgraded Genuine Parts from a “sell” rating to a “neutral” rating and increased their price objective for the company from $130.00 to $142.00 in a report on Thursday, November 13th. JPMorgan Chase & Co. boosted 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 upped their target price on Genuine Parts from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Finally, Truist Financial raised their price target on Genuine Parts from $143.00 to $146.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Genuine Parts currently has an average rating of “Moderate Buy” and an average price target of $148.00.

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.