Genuine Parts Company $GPC Shares Purchased by Inspire Investing LLC

Inspire Investing LLC boosted its stake in Genuine Parts Company (NYSE:GPC) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,975 shares of the specialty retailer’s stock after purchasing an additional 230 shares during the period. Inspire Investing LLC’s holdings in Genuine Parts were worth $2,059,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GPC. Park Avenue Securities LLC lifted its position in shares of Genuine Parts by 3.0% during the first quarter. Park Avenue Securities LLC now owns 6,140 shares of the specialty retailer’s stock worth $732,000 after purchasing an additional 179 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Genuine Parts by 59.1% during the first quarter. Farther Finance Advisors LLC now owns 4,282 shares of the specialty retailer’s stock valued at $507,000 after buying an additional 1,590 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Genuine Parts by 70.3% during the first quarter. GAMMA Investing LLC now owns 3,998 shares of the specialty retailer’s stock valued at $476,000 after buying an additional 1,651 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Genuine Parts by 520.1% during the first quarter. SG Americas Securities LLC now owns 24,331 shares of the specialty retailer’s stock valued at $2,899,000 after buying an additional 20,407 shares during the last quarter. Finally, CX Institutional raised its holdings in shares of Genuine Parts by 27.0% during the first quarter. CX Institutional now owns 3,714 shares of the specialty retailer’s stock valued at $442,000 after buying an additional 789 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.

Insiders Place Their Bets

In other Genuine Parts news, EVP Naveen Krishna sold 5,303 shares of the business’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $138.12, for a total transaction 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 $3,606,589.44. The trade was a 16.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is currently owned by corporate insiders.

Genuine Parts Trading Down 0.9%

Shares of NYSE:GPC opened at $130.34 on Friday. The firm has a fifty day moving average of $137.52 and a two-hundred day moving average of $127.35. The firm has a market capitalization of $18.13 billion, a P/E ratio of 22.43 and a beta of 0.77. Genuine Parts Company has a 12-month low of $104.01 and a 12-month high of $144.29. The company has a quick ratio of 0.51, a current ratio of 1.14 and a debt-to-equity ratio of 0.79.

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, beating analysts’ consensus estimates of $2.08 by $0.02. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.10 billion. Genuine Parts had a net margin of 3.40% and a return on equity of 22.41%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $2.44 EPS. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. On average, equities analysts expect that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, September 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%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their price target on Genuine Parts from $137.00 to $143.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. UBS Group raised their price objective on shares of Genuine Parts from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday. Loop Capital raised their price objective on shares of Genuine Parts from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Evercore ISI lifted their price target on shares of Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Genuine Parts from $134.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $138.86.

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.