Compound Planning Inc. Grows Holdings in Genuine Parts Company $GPC

Compound Planning Inc. grew its stake in Genuine Parts Company (NYSE:GPC) by 19.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,315 shares of the specialty retailer’s stock after buying an additional 376 shares during the period. Compound Planning Inc.’s holdings in Genuine Parts were worth $276,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parvin Asset Management LLC purchased a new position in Genuine Parts in the 4th quarter worth approximately $1,320,000. FORA Capital LLC grew its stake in Genuine Parts by 410.9% in the 4th quarter. FORA Capital LLC now owns 26,332 shares of the specialty retailer’s stock worth $3,075,000 after buying an additional 21,178 shares in the last quarter. Bastion Asset Management Inc. purchased a new position in Genuine Parts in the 4th quarter worth approximately $3,391,000. Cornerstone Wealth Group LLC purchased a new position in Genuine Parts in the 1st quarter worth approximately $3,344,000. Finally, Bayesian Capital Management LP purchased a new position in Genuine Parts in the 4th quarter worth approximately $2,078,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on GPC shares. JPMorgan Chase & Co. boosted their price target on shares of Genuine Parts from $134.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. UBS Group upped their price objective on shares of Genuine Parts from $125.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Evercore ISI lifted their target price on shares of Genuine Parts from $145.00 to $148.00 and gave the stock an “outperform” rating in a research report on Tuesday. Loop Capital lifted their target price on shares of Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Truist Financial lifted their target price on shares of Genuine Parts from $137.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has issued a Sell 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 target price of $137.86.

Genuine Parts Price Performance

Shares of Genuine Parts stock opened at $139.96 on Thursday. The firm has a market cap of $19.47 billion, a PE ratio of 24.09 and a beta of 0.75. Genuine Parts Company has a 12-month low of $104.01 and a 12-month high of $144.44. 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 company’s fifty day simple moving average is $129.60 and its two-hundred day simple moving average is $123.90.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.10 billion. Genuine Parts had a net margin of 3.40% and a return on equity of 22.41%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.44 EPS. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. As a group, equities analysts expect that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, September 5th. Genuine Parts’s dividend payout ratio (DPR) is 70.91%.

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.