Fairvoy Private Wealth LLC Has $7.72 Million Position in Genuine Parts Company $GPC

Fairvoy Private Wealth LLC reduced its stake in Genuine Parts Company (NYSE:GPC) by 0.2% in the 2nd quarter, Holdings Channel reports. The firm owned 63,617 shares of the specialty retailer’s stock after selling 150 shares during the period. Genuine Parts accounts for approximately 1.9% of Fairvoy Private Wealth LLC’s holdings, making the stock its 14th biggest position. Fairvoy Private Wealth LLC’s holdings in Genuine Parts were worth $7,717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GPC. NBC Securities Inc. lifted its holdings in shares of Genuine Parts by 172,400.0% during the first quarter. NBC Securities Inc. now owns 1,725 shares of the specialty retailer’s stock worth $205,000 after buying an additional 1,724 shares during the last quarter. Merit Financial Group LLC lifted its holdings in shares of Genuine Parts by 59.3% during the first quarter. Merit Financial Group LLC now owns 6,160 shares of the specialty retailer’s stock worth $734,000 after buying an additional 2,293 shares during the last quarter. Cypress Wealth Services LLC lifted its holdings in shares of Genuine Parts by 12.3% during the first quarter. Cypress Wealth Services LLC now owns 2,814 shares of the specialty retailer’s stock worth $335,000 after buying an additional 308 shares during the last quarter. Ullmann Wealth Partners Group LLC lifted its holdings in shares of Genuine Parts by 5.2% during the first quarter. Ullmann Wealth Partners Group LLC now owns 3,056 shares of the specialty retailer’s stock worth $364,000 after buying an additional 150 shares during the last quarter. Finally, Butensky & Cohen Financial Security Inc. lifted its holdings in shares of Genuine Parts by 3.1% during the first quarter. Butensky & Cohen Financial Security Inc. now owns 36,394 shares of the specialty retailer’s stock worth $4,336,000 after buying an additional 1,099 shares during the last quarter. 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 the company’s stock in a transaction 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 sale, the executive vice president directly owned 26,112 shares in the company, valued at $3,606,589.44. This represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Genuine Parts in a report on Saturday, September 27th. UBS Group upped their price target on Genuine Parts from $125.00 to $135.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Truist Financial upped their price target on Genuine Parts from $137.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Evercore ISI boosted their price objective on Genuine Parts from $148.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on Genuine Parts from $134.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Genuine Parts has a consensus rating of “Hold” and a consensus price target of $138.14.

Genuine Parts Stock Performance

GPC opened at $139.81 on Friday. The stock has a market cap of $19.45 billion, a PE ratio of 24.06 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. The stock’s 50 day simple moving average is $137.23 and its 200-day simple moving average is $126.82.

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

Genuine Parts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, September 5th. Genuine Parts’s dividend payout ratio is 70.91%.

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.