Yousif Capital Management LLC Sells 2,898 Shares of Genuine Parts Company $GPC

Yousif Capital Management LLC trimmed its stake in Genuine Parts Company (NYSE:GPC) by 3.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,163 shares of the specialty retailer’s stock after selling 2,898 shares during the period. Yousif Capital Management LLC’s holdings in Genuine Parts were worth $8,633,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GPC. Goldman Sachs Group Inc. lifted its stake in shares of Genuine Parts by 276.2% in the 1st 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 during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Genuine Parts by 377.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 933,418 shares of the specialty retailer’s stock valued at $113,233,000 after acquiring an additional 737,836 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Genuine Parts by 22.1% in the 1st 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 during the period. Nuveen LLC purchased a new position in shares of Genuine Parts in the 1st quarter valued at $41,646,000. Finally, Pzena Investment Management LLC purchased a new position in shares of Genuine Parts in the 1st quarter valued at $35,860,000. 78.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GPC has been the topic of a number of analyst reports. UBS Group lifted their price target on Genuine Parts from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday. 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. Loop Capital lifted their price target on Genuine Parts from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Genuine Parts in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on Genuine Parts from $134.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Genuine Parts has a consensus rating of “Hold” and an average price target of $138.86.

Genuine Parts Stock Up 1.0%

Shares of GPC stock opened at $131.64 on Tuesday. Genuine Parts Company has a 1-year low of $104.01 and a 1-year high of $144.29. The stock’s fifty day moving average price is $137.53 and its 200 day moving average price is $127.49. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.14 and a quick ratio of 0.51. The company has a market cap of $18.31 billion, a price-to-earnings ratio of 22.66 and a beta of 0.77.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $6.10 billion. During the same period in the previous year, the business earned $2.44 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. On average, research analysts expect that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently declared 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 3.1%. Genuine Parts’s payout ratio is currently 70.91%.

Insider Buying and Selling

In other Genuine Parts news, EVP Naveen Krishna sold 5,303 shares of Genuine Parts stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $138.12, for a total transaction of $732,450.36. Following the completion of the sale, the executive vice president owned 26,112 shares of the company’s stock, valued at approximately $3,606,589.44. The trade was a 16.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.42% of the company’s stock.

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.