Cromwell Holdings LLC Has $42,000 Position in Genuine Parts Company $GPC

Cromwell Holdings LLC grew its stake in Genuine Parts Company (NYSE:GPC) by 49.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346 shares of the specialty retailer’s stock after purchasing an additional 114 shares during the quarter. Cromwell Holdings LLC’s holdings in Genuine Parts were worth $42,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Diversified Trust Co boosted its holdings in shares of Genuine Parts by 1.8% during the second quarter. Diversified Trust Co now owns 4,636 shares of the specialty retailer’s stock worth $562,000 after acquiring an additional 83 shares during the period. Brown Lisle Cummings Inc. lifted its holdings in Genuine Parts by 5.7% during the 2nd 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 during the last quarter. Oak Asset Management LLC boosted its stake in Genuine Parts by 0.6% in the 2nd 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 grew its holdings in Genuine Parts by 4.8% in 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. grew 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 valued at $402,000 after buying an additional 93 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Performance

Shares of NYSE:GPC opened at $139.81 on Friday. The company’s 50 day simple moving average is $137.23 and its 200 day simple moving average is $126.82. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.14 and a quick ratio of 0.51. Genuine Parts Company has a 1 year low of $104.01 and a 1 year high of $144.29. The stock has a market capitalization of $19.45 billion, a price-to-earnings ratio of 24.06 and a beta of 0.77.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.02. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.10 billion. During the same period in the prior year, the company earned $2.44 EPS. Genuine Parts’s revenue for the quarter was up 3.4% on a year-over-year basis. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. As a group, research 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 was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a $1.03 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $4.12 annualized dividend and a yield of 2.9%. Genuine Parts’s dividend payout ratio is presently 70.91%.

Insiders Place Their Bets

In other Genuine Parts news, EVP Naveen Krishna sold 5,303 shares of the business’s stock in a transaction 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 sale, the executive vice president owned 26,112 shares of the company’s stock, valued at approximately $3,606,589.44. The trade was a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GPC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Genuine Parts in a research report on Saturday, September 27th. UBS Group increased their target price on shares of Genuine Parts from $125.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Loop Capital lifted their price target on shares of Genuine Parts from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Evercore ISI increased their price target on Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Truist Financial raised their price objective on Genuine Parts from $137.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Genuine Parts has an average rating of “Hold” and an average price target of $138.14.

About Genuine Parts

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.