CW Advisors LLC Acquires 32,407 Shares of Genuine Parts Company $GPC

CW Advisors LLC raised its holdings in Genuine Parts Company (NYSE:GPC) by 108.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,355 shares of the specialty retailer’s stock after purchasing an additional 32,407 shares during the period. CW Advisors LLC’s holdings in Genuine Parts were worth $7,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GPC. Pinkerton Wealth LLC increased its holdings in shares of Genuine Parts by 5.9% during the second quarter. Pinkerton Wealth LLC now owns 37,251 shares of the specialty retailer’s stock worth $4,519,000 after purchasing an additional 2,078 shares during the period. Blueshift Asset Management LLC acquired a new stake in Genuine Parts during the second quarter worth approximately $1,544,000. Arrowstreet Capital Limited Partnership increased its stake in Genuine Parts by 56.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 399,195 shares of the specialty retailer’s stock worth $48,426,000 after acquiring an additional 143,327 shares during the period. Distillate Capital Partners LLC bought a new position in Genuine Parts during the 2nd quarter worth $12,953,000. Finally, Fisher Asset Management LLC raised its holdings in Genuine Parts by 11.7% in the 2nd quarter. Fisher Asset Management LLC now owns 2,145 shares of the specialty retailer’s stock valued at $260,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Wall Street Analyst Weigh In

GPC has been the topic of several analyst reports. UBS Group increased their target price on Genuine Parts from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Truist Financial increased their price objective on shares of Genuine Parts from $143.00 to $146.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. JPMorgan Chase & Co. raised their target price on shares of Genuine Parts from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Evercore ISI upped 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Genuine Parts in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

Genuine Parts Stock Up 0.7%

GPC stock opened at $130.36 on Friday. The firm has a 50-day moving average price of $130.67 and a 200-day moving average price of $130.62. Genuine Parts Company has a 12 month low of $104.01 and a 12 month 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. The stock has a market capitalization of $18.13 billion, a P/E ratio of 22.44 and a beta of 0.74.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Tuesday, October 21st. The specialty retailer reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.04). The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. Genuine Parts had a return on equity of 22.57% and a net margin of 3.36%.Genuine Parts’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.88 earnings per share. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. As a group, equities research analysts anticipate that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, December 5th. This represents a $4.12 dividend on an annualized basis and a yield of 3.2%. Genuine Parts’s payout ratio is currently 70.91%.

Insider Transactions at Genuine Parts

In other Genuine Parts news, EVP Naveen Krishna sold 5,303 shares of the 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 transaction, the executive vice president directly owned 26,112 shares in the company, valued at approximately $3,606,589.44. This trade represents a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is currently owned by insiders.

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.