Transamerica Financial Advisors LLC Acquires 110 Shares of Genuine Parts Company $GPC

Transamerica Financial Advisors LLC raised its holdings in shares of Genuine Parts Company (NYSE:GPC) by 1.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,517 shares of the specialty retailer’s stock after purchasing an additional 110 shares during the period. Transamerica Financial Advisors LLC’s holdings in Genuine Parts were worth $777,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GPC. Goldman Sachs Group Inc. increased its stake 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 valued at $399,449,000 after purchasing an additional 2,461,497 shares in the last quarter. Junto Capital Management LP bought a new position in shares of Genuine Parts during the fourth quarter valued at approximately $94,868,000. Alyeska Investment Group L.P. increased its stake in shares of Genuine Parts by 204.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 789,050 shares of the specialty retailer’s stock valued at $92,129,000 after purchasing an additional 530,057 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Genuine Parts by 22.1% during the first quarter. JPMorgan Chase & Co. now owns 2,752,845 shares of the specialty retailer’s stock valued at $327,974,000 after acquiring an additional 498,469 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Genuine Parts by 20,194.9% during the first quarter. GAMMA Investing LLC now owns 476,322 shares of the specialty retailer’s stock valued at $56,749,000 after acquiring an additional 473,975 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Trading Up 0.9%

Shares of GPC stock opened at $139.96 on Thursday. Genuine Parts Company has a 12-month low of $104.01 and a 12-month high of $144.44. The company has a current ratio of 1.14, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average is $129.60 and its 200 day moving average is $123.90. The stock has a market capitalization of $19.47 billion, a P/E ratio of 24.09 and a beta of 0.75.

Genuine Parts (NYSE:GPC) last issued its earnings results 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. Genuine Parts had a net margin of 3.40% and a return on equity of 22.41%. The company had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.10 billion. During the same quarter last year, the company posted $2.44 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. Research analysts expect that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a $1.03 dividend. The ex-dividend date is Friday, September 5th. This represents a $4.12 annualized dividend and a yield of 2.9%. Genuine Parts’s dividend payout ratio (DPR) is currently 70.91%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GPC shares. JPMorgan Chase & Co. raised their price target on shares of Genuine Parts from $134.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Loop Capital raised their price target on shares of Genuine Parts from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. UBS Group raised their price target on shares of Genuine Parts from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Evercore ISI raised their price target on shares of Genuine Parts from $145.00 to $148.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Truist Financial raised their price target on shares of Genuine Parts from $137.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $137.86.

Genuine Parts 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.