Genuine Parts Company $GPC Shares Acquired by Allied Investment Advisors LLC

Allied Investment Advisors LLC lifted its stake in shares of Genuine Parts Company (NYSE:GPC) by 11.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,535 shares of the specialty retailer’s stock after buying an additional 7,730 shares during the period. Allied Investment Advisors LLC owned approximately 0.05% of Genuine Parts worth $9,042,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rossby Financial LCC acquired a new position in Genuine Parts during the first quarter valued at $25,000. Olde Wealth Management LLC acquired a new position in Genuine Parts during the first quarter valued at $27,000. North Capital Inc. acquired a new position in Genuine Parts during the first quarter valued at $28,000. Concord Wealth Partners lifted its position in Genuine Parts by 148.7% during the second quarter. Concord Wealth Partners now owns 296 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 177 shares during the period. Finally, Golden State Wealth Management LLC lifted its position in Genuine Parts by 7,950.0% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 318 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GPC shares. UBS Group boosted their target price 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. Loop Capital upped their price objective 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Genuine Parts in a research report on Wednesday, October 8th. Truist Financial upped their price objective on shares of Genuine Parts from $143.00 to $146.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Genuine Parts from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.33.

Insider Activity at Genuine Parts

In other news, EVP Naveen Krishna sold 5,303 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 26,112 shares in the company, valued at approximately $3,606,589.44. This represents a 16.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Genuine Parts Stock Down 1.8%

Shares of NYSE GPC opened at $130.93 on Friday. The company has a 50-day moving average of $137.16 and a 200 day moving average of $128.41. Genuine Parts Company has a 12-month low of $104.01 and a 12-month high of $143.48. The company has a current ratio of 1.14, a quick ratio of 0.51 and a debt-to-equity ratio of 0.78. The stock has a market cap of $18.21 billion, a PE ratio of 22.53 and a beta of 0.77.

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 firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same period last year, the company earned $1.88 EPS. The business’s quarterly revenue 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, September 5th. Genuine Parts’s dividend payout ratio is currently 70.91%.

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.