Genuine Parts Company $GPC Shares Acquired by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey boosted its position in shares of Genuine Parts Company (NYSE:GPC) by 4.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 21,052 shares of the specialty retailer’s stock after buying an additional 898 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Genuine Parts were worth $2,554,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Genuine Parts by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 3,511,008 shares of the specialty retailer’s stock valued at $424,367,000 after purchasing an additional 40,970 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Genuine Parts by 276.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,352,772 shares of the specialty retailer’s stock worth $399,449,000 after buying an additional 2,461,497 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Genuine Parts by 4.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,009,583 shares of the specialty retailer’s stock worth $358,387,000 after buying an additional 119,653 shares in the last quarter. JPMorgan Chase & Co. grew its position in Genuine Parts by 22.1% in the first quarter. JPMorgan Chase & Co. now owns 2,752,845 shares of the specialty retailer’s stock worth $327,974,000 after buying an additional 498,469 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Genuine Parts by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,777,990 shares of the specialty retailer’s stock valued at $211,816,000 after buying an additional 79,253 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors.

Insider Transactions at Genuine Parts

In other Genuine Parts news, EVP Naveen Krishna sold 5,303 shares of the business’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $138.12, for a total value of $732,450.36. Following the transaction, the executive vice president owned 26,112 shares in the company, valued at $3,606,589.44. The trade was a 16.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GPC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Genuine Parts in a research note on Wednesday, October 8th. Evercore ISI lifted their price target on Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. The Goldman Sachs Group raised shares of Genuine Parts from a “sell” rating to a “neutral” rating and upped their price objective for the company from $130.00 to $142.00 in a research note on Thursday, November 13th. JPMorgan Chase & Co. lifted their target price on shares of Genuine Parts from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Finally, Truist Financial boosted their price target on shares of Genuine Parts from $143.00 to $146.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Genuine Parts presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Genuine Parts Trading Down 0.2%

NYSE:GPC opened at $126.28 on Wednesday. The stock has a market cap of $17.57 billion, a PE ratio of 21.74 and a beta of 0.75. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week 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 stock’s 50-day moving average is $133.17 and its two-hundred day moving average is $130.11.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Tuesday, October 21st. The specialty retailer reported $1.98 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.04). The company 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 business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.88 earnings per share. 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 fiscal year.

Genuine Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, December 5th. Genuine Parts’s dividend payout ratio (DPR) is currently 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.