Genuine Parts Company $GPC Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. raised its position in Genuine Parts Company (NYSE:GPC) by 16.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,771 shares of the specialty retailer’s stock after acquiring an additional 388 shares during the period. Stratos Wealth Partners LTD.’s holdings in Genuine Parts were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Inspire Investing LLC boosted its stake in Genuine Parts by 11.9% in the first quarter. Inspire Investing LLC now owns 16,745 shares of the specialty retailer’s stock valued at $1,995,000 after acquiring an additional 1,777 shares in the last quarter. Revisor Wealth Management LLC boosted its stake in Genuine Parts by 75.2% in the second quarter. Revisor Wealth Management LLC now owns 6,778 shares of the specialty retailer’s stock valued at $853,000 after acquiring an additional 2,910 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Genuine Parts by 11.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,430 shares of the specialty retailer’s stock worth $2,657,000 after buying an additional 2,290 shares during the last quarter. Goldman Sachs Group Inc. raised 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 last quarter. Finally, Synergy Asset Management LLC purchased a new position in shares of Genuine Parts in the second quarter worth $3,516,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Genuine Parts news, EVP Naveen Krishna sold 5,303 shares of Genuine Parts stock in a transaction 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 completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 0.42% of the company’s stock.

Genuine Parts Trading Down 1.8%

Shares of Genuine Parts stock opened at $130.93 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.14 and a quick ratio of 0.51. The firm has a fifty day moving average price of $137.16 and a 200 day moving average price of $128.41. Genuine Parts Company has a 1 year low of $104.01 and a 1 year high of $143.48. 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 issued its earnings results on Tuesday, October 21st. The specialty retailer reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.12 billion. During the same period last year, the business earned $1.88 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. Equities research analysts predict that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, September 5th. Genuine Parts’s dividend payout ratio (DPR) is 70.91%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genuine Parts in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Genuine Parts from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday. Evercore ISI raised their price target on shares of Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Loop Capital raised their price target on shares of Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Truist Financial raised their price target on shares of Genuine Parts from $143.00 to $146.00 and gave the stock a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.33.

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.