DMKC Advisory Services LLC Purchases 1,490 Shares of Genuine Parts Company $GPC

DMKC Advisory Services LLC boosted its position in Genuine Parts Company (NYSE:GPC) by 11.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,357 shares of the specialty retailer’s stock after purchasing an additional 1,490 shares during the quarter. DMKC Advisory Services LLC’s holdings in Genuine Parts were worth $1,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in GPC. Rossby Financial LCC bought a new stake in Genuine Parts during the first quarter valued at $25,000. Olde Wealth Management LLC purchased a new stake in shares of Genuine Parts in the 1st quarter valued at about $27,000. North Capital Inc. bought a new stake in shares of Genuine Parts during the 1st quarter valued at about $28,000. Golden State Wealth Management LLC increased its position in shares of Genuine Parts by 7,950.0% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 318 shares during the last quarter. Finally, WPG Advisers LLC bought a new stake in Genuine Parts during the first quarter valued at approximately $45,000. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on GPC. UBS Group raised their price target on Genuine Parts from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Loop Capital lifted their target price on shares of Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Truist Financial increased 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. JPMorgan Chase & Co. raised their price target on shares of Genuine Parts from $134.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, Evercore ISI upped their price objective on shares of Genuine Parts from $148.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday. One investment 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 stock presently has an average rating of “Moderate Buy” and an average price target of $138.14.

Insider Buying and Selling at Genuine Parts

In other news, EVP Naveen Krishna sold 5,303 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 26,112 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.42% of the company’s stock.

Genuine Parts Stock Performance

NYSE:GPC opened at $138.33 on Thursday. The company has a quick ratio of 0.51, a current ratio of 1.14 and a debt-to-equity ratio of 0.79. The firm’s fifty day simple moving average is $136.96 and its 200 day simple moving average is $126.60. The stock has a market cap of $19.24 billion, a P/E ratio of 23.81 and a beta of 0.77. Genuine Parts Company has a twelve month low of $104.01 and a twelve month high of $144.29.

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

Genuine Parts Dividend Announcement

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

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.