Fairvoy Private Wealth LLC Grows Stock Position in Genuine Parts Company $GPC

Fairvoy Private Wealth LLC raised its position in Genuine Parts Company (NYSE:GPC) by 7.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,171 shares of the specialty retailer’s stock after acquiring an additional 4,554 shares during the quarter. Genuine Parts accounts for about 2.2% of Fairvoy Private Wealth LLC’s investment portfolio, making the stock its 13th largest holding. Fairvoy Private Wealth LLC’s holdings in Genuine Parts were worth $9,449,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Genuine Parts by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 17,309,178 shares of the specialty retailer’s stock valued at $2,099,776,000 after purchasing an additional 260,787 shares in the last quarter. State Street Corp boosted its position in Genuine Parts by 0.9% in the 2nd quarter. State Street Corp now owns 7,797,180 shares of the specialty retailer’s stock valued at $953,779,000 after buying an additional 73,361 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Genuine Parts by 1.2% during the second quarter. Geode Capital Management LLC now owns 3,511,008 shares of the specialty retailer’s stock valued at $424,367,000 after acquiring an additional 40,970 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of 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 acquiring an additional 2,461,497 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Genuine Parts by 2.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,080,251 shares of the specialty retailer’s stock worth $373,425,000 after acquiring an additional 70,668 shares in the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Genuine Parts

In related news, EVP Naveen Krishna sold 5,303 shares of the firm’s 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 sale, the executive vice president owned 26,112 shares of the company’s stock, valued at approximately $3,606,589.44. This trade represents a 16.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.42% of the company’s stock.

Genuine Parts Stock Down 0.3%

GPC stock opened at $125.49 on Friday. The firm has a market cap of $17.46 billion, a price-to-earnings ratio of 21.60 and a beta of 0.74. Genuine Parts Company has a 1-year low of $104.01 and a 1-year high of $143.48. The firm has a fifty day moving average price of $129.05 and a two-hundred day moving average price of $130.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.14 and a quick ratio of 0.51.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Tuesday, October 21st. The specialty retailer reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.04). Genuine Parts had a return on equity of 22.57% and a net margin of 3.36%.The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the previous year, the business posted $1.88 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. Research analysts predict that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $4.12 annualized dividend and a dividend yield of 3.3%. Genuine Parts’s dividend payout ratio is 70.91%.

Analyst Ratings Changes

A number of brokerages have weighed in on GPC. Truist Financial raised their price objective on Genuine Parts from $143.00 to $146.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday. UBS Group increased their price objective on shares of Genuine Parts from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. raised their price objective on shares of Genuine Parts from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Finally, The Goldman Sachs Group upgraded shares of Genuine Parts from a “sell” rating to a “neutral” rating and upped their target price for the company from $130.00 to $142.00 in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Genuine Parts has an average rating of “Moderate Buy” and an average price target of $148.00.

Genuine Parts Company Profile

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.