Cantor Fitzgerald Investment Advisors L.P. Has $12.53 Million Holdings in Genuine Parts Company $GPC

Cantor Fitzgerald Investment Advisors L.P. increased its holdings in Genuine Parts Company (NYSE:GPC) by 0.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 103,304 shares of the specialty retailer’s stock after purchasing an additional 370 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Genuine Parts were worth $12,532,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GPC. Diversified Trust Co raised its stake in Genuine Parts by 1.8% in the 2nd quarter. Diversified Trust Co now owns 4,636 shares of the specialty retailer’s stock valued at $562,000 after acquiring an additional 83 shares during the period. Brown Lisle Cummings Inc. increased its stake in shares of Genuine Parts by 5.7% in the second quarter. Brown Lisle Cummings Inc. now owns 1,541 shares of the specialty retailer’s stock worth $187,000 after purchasing an additional 83 shares in the last quarter. Oak Asset Management LLC raised its position in shares of Genuine Parts by 0.6% in the second quarter. Oak Asset Management LLC now owns 13,462 shares of the specialty retailer’s stock valued at $1,633,000 after purchasing an additional 85 shares during the period. Horizon Investments LLC lifted its stake in shares of Genuine Parts by 4.8% during the 1st quarter. Horizon Investments LLC now owns 1,996 shares of the specialty retailer’s stock valued at $238,000 after buying an additional 91 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its holdings in Genuine Parts by 2.8% in the 1st quarter. Pinnacle Associates Ltd. now owns 3,376 shares of the specialty retailer’s stock worth $402,000 after buying an additional 93 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Stock Performance

NYSE:GPC opened at $138.33 on Thursday. The stock has a market cap of $19.24 billion, a P/E ratio of 23.81 and a beta of 0.77. The company has a quick ratio of 0.51, a current ratio of 1.14 and a debt-to-equity ratio of 0.79. The business’s 50-day moving average price is $136.96 and its two-hundred day moving average price is $126.60. Genuine Parts Company has a twelve month low of $104.01 and a twelve month high of $144.29.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty retailer reported $2.10 EPS for the quarter, topping the consensus estimate of $2.08 by $0.02. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.10 billion. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.Genuine Parts’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.44 earnings per share. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. As a group, equities analysts predict 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 will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, September 5th. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. Genuine Parts’s dividend payout ratio (DPR) is 70.91%.

Insider Activity

In related news, EVP Naveen Krishna sold 5,303 shares of the company’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $138.12, for a total value of $732,450.36. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

GPC has been the topic of a number of analyst reports. UBS Group boosted their target price on shares of Genuine Parts from $125.00 to $135.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Truist Financial lifted their price target on Genuine Parts from $137.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Evercore ISI increased their price objective on Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday. Loop Capital lifted their target price on Genuine Parts from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on Genuine Parts from $134.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.14.

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.