Naveen Krishna Sells 5,303 Shares of Genuine Parts (NYSE:GPC) Stock

Genuine Parts Company (NYSE:GPC) EVP Naveen Krishna sold 5,303 shares of the 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 owned 26,112 shares in the company, valued at approximately $3,606,589.44. This trade represents a 16.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Genuine Parts Trading Down 0.2%

Shares of Genuine Parts stock opened at $138.33 on Thursday. The company’s fifty day simple moving average is $136.96 and its 200-day simple moving average is $126.60. The company has a market cap of $19.24 billion, a price-to-earnings ratio of 23.81 and a beta of 0.77. The company has a current ratio of 1.14, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Genuine Parts Company has a 1 year low of $104.01 and a 1 year high of $144.29.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.02. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.10 billion. Genuine Parts had a net margin of 3.40% and a return on equity of 22.41%. Genuine Parts’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $2.44 earnings per share. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. As a group, sell-side analysts expect that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a $1.03 dividend. The ex-dividend date is Friday, September 5th. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. Genuine Parts’s dividend payout ratio (DPR) is presently 70.91%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GPC. Truist Financial raised their price objective on shares of Genuine Parts from $137.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. raised their target price on Genuine Parts from $134.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. 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. UBS Group raised their target price on Genuine Parts from $125.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Evercore ISI raised their target price on Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $138.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GPC. Rossby Financial LCC bought a new position in shares of Genuine Parts during the first quarter valued at $25,000. Olde Wealth Management LLC bought a new position in shares of Genuine Parts during the first quarter valued at $27,000. North Capital Inc. bought a new position in shares of Genuine Parts during the first quarter valued at $28,000. Golden State Wealth Management LLC lifted its holdings in shares of Genuine Parts by 8,833.3% during the second quarter. Golden State Wealth Management LLC now owns 268 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 265 shares during the period. Finally, Investors Research Corp lifted its holdings in shares of Genuine Parts by 75.3% during the first quarter. Investors Research Corp now owns 291 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 125 shares during the period. 78.83% of the stock is owned by institutional investors.

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.