Citizens Financial Group Inc. RI Has $404,000 Stock Position in Genuine Parts Company $GPC

Citizens Financial Group Inc. RI lowered its holdings in shares of Genuine Parts Company (NYSE:GPC) by 12.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 3,299 shares of the specialty retailer’s stock after selling 463 shares during the period. Citizens Financial Group Inc. RI’s holdings in Genuine Parts were worth $404,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GPC. Geode Capital Management LLC raised its position in 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 worth $424,367,000 after purchasing an additional 40,970 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Genuine Parts by 276.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,352,772 shares of the specialty retailer’s stock valued at $399,449,000 after buying an additional 2,461,497 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Genuine Parts by 4.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,009,583 shares of the specialty retailer’s stock valued at $358,387,000 after buying an additional 119,653 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Genuine Parts by 22.1% in the first quarter. JPMorgan Chase & Co. now owns 2,752,845 shares of the specialty retailer’s stock valued at $327,974,000 after buying an additional 498,469 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Genuine Parts by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,777,990 shares of the specialty retailer’s stock worth $211,816,000 after acquiring an additional 79,253 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Down 0.7%

Genuine Parts stock opened at $125.27 on Thursday. The company has a market capitalization of $17.43 billion, a PE ratio of 21.56 and a beta of 0.75. Genuine Parts Company has a 12-month low of $104.01 and a 12-month high of $143.48. The firm’s fifty day moving average is $132.88 and its 200 day moving average is $130.08. The company has a quick ratio of 0.51, a current ratio of 1.14 and a debt-to-equity ratio of 0.78.

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). Genuine Parts had a net margin of 3.36% and a return on equity of 22.57%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same period last year, the firm posted $1.88 earnings per share. The company’s revenue for the quarter 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, sell-side analysts predict that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend 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 the stock in a transaction that occurred on 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 approximately $3,606,589.44. This represents 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 this hyperlink. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on GPC shares. Truist Financial upped their target price on Genuine Parts from $143.00 to $146.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. The Goldman Sachs Group upgraded shares of Genuine Parts from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $130.00 to $142.00 in a research report on Thursday, November 13th. Evercore ISI increased their price objective on shares of Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Loop Capital boosted their target price on shares of Genuine Parts from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, UBS Group upped their price target on shares of Genuine Parts from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Genuine Parts has an average rating of “Moderate Buy” and a consensus target price 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.