Genuine Parts Company $GPC Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Genuine Parts Company (NYSE:GPC) by 6.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 309,785 shares of the specialty retailer’s stock after purchasing an additional 19,814 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Genuine Parts were worth $37,580,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of GPC. Inspire Investing LLC boosted its position in shares of Genuine Parts by 11.9% in the 1st quarter. Inspire Investing LLC now owns 16,745 shares of the specialty retailer’s stock valued at $1,995,000 after purchasing an additional 1,777 shares during the period. Revisor Wealth Management LLC lifted its stake in Genuine Parts by 75.2% during the second quarter. Revisor Wealth Management LLC now owns 6,778 shares of the specialty retailer’s stock valued at $853,000 after buying an additional 2,910 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Genuine Parts by 276.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,352,772 shares of the specialty retailer’s stock worth $399,449,000 after buying an additional 2,461,497 shares during the period. Synergy Asset Management LLC acquired a new position in shares of Genuine Parts in the second quarter worth about $3,516,000. Finally, United Community Bank increased its position in shares of Genuine Parts by 4,452.1% in the first quarter. United Community Bank now owns 16,251 shares of the specialty retailer’s stock worth $1,936,000 after acquiring an additional 15,894 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Trading Down 1.3%

NYSE GPC opened at $125.01 on Tuesday. The company has a market capitalization of $17.39 billion, a PE ratio of 21.52 and a beta of 0.75. The firm’s fifty day simple moving average is $134.55 and its 200-day simple moving average is $129.73. Genuine Parts Company has a 1-year low of $104.01 and a 1-year 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.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Tuesday, October 21st. The specialty retailer reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.04). Genuine Parts had a net margin of 3.36% and a return on equity of 22.57%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The firm’s revenue for the quarter 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. As a group, sell-side analysts anticipate that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on GPC. Weiss Ratings restated a “hold (c)” rating on shares of Genuine Parts in a report on Wednesday, October 8th. Truist Financial lifted 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, October 21st. 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 note on Friday, October 10th. Loop Capital raised their target price on Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Evercore ISI lifted their price target on Genuine Parts from $148.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.33.

Insiders Place Their Bets

In other Genuine Parts news, EVP Naveen Krishna sold 5,303 shares of the business’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $138.12, for a total value of $732,450.36. Following the completion of the sale, the executive vice president owned 26,112 shares of the company’s stock, valued at $3,606,589.44. The trade was a 16.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is currently owned by company insiders.

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.