Howe & Rusling Inc. Has $5.23 Million Holdings in Genuine Parts Company $GPC

Howe & Rusling Inc. lifted its stake in shares of Genuine Parts Company (NYSE:GPC) by 1.5% in the 2nd quarter, Holdings Channel reports. The fund owned 43,084 shares of the specialty retailer’s stock after acquiring an additional 644 shares during the quarter. Howe & Rusling Inc.’s holdings in Genuine Parts were worth $5,227,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. CWM LLC lifted its holdings in shares of Genuine Parts by 19.7% in the first quarter. CWM LLC now owns 3,840 shares of the specialty retailer’s stock valued at $457,000 after purchasing an additional 632 shares in the last quarter. Csenge Advisory Group lifted its stake in Genuine Parts by 19.6% in the 1st quarter. Csenge Advisory Group now owns 2,707 shares of the specialty retailer’s stock valued at $309,000 after acquiring an additional 444 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Genuine Parts by 2.8% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,735 shares of the specialty retailer’s stock worth $1,279,000 after acquiring an additional 293 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Genuine Parts by 18.2% in the first quarter. Allianz Asset Management GmbH now owns 9,829 shares of the specialty retailer’s stock worth $1,171,000 after purchasing an additional 1,513 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in Genuine Parts during the first quarter worth $205,000. 78.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Genuine Parts news, EVP Naveen Krishna sold 5,303 shares of the stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $138.12, for a total value of $732,450.36. Following the transaction, the executive vice president directly owned 26,112 shares of the company’s stock, valued at $3,606,589.44. This represents a 16.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Genuine Parts from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. UBS Group raised their price target on Genuine Parts from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Genuine Parts in a research note on Wednesday, October 8th. Truist Financial raised their target price on shares of Genuine Parts from $143.00 to $146.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Finally, The Goldman Sachs Group upgraded shares of Genuine Parts from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $130.00 to $142.00 in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Genuine Parts currently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Genuine Parts Stock Down 0.7%

GPC stock opened at $125.27 on Thursday. Genuine Parts Company has a 1-year low of $104.01 and a 1-year high of $143.48. The business’s 50 day simple moving average is $132.88 and its 200 day simple moving average is $130.08. 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 firm has a market capitalization of $17.43 billion, a PE ratio of 21.56 and a beta of 0.75.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, October 21st. The specialty retailer reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.04). Genuine Parts had a net margin of 3.36% and a return on equity of 22.57%. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same period in the prior year, the business earned $1.88 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. As a group, research analysts anticipate 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 will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a $1.03 dividend. The ex-dividend date is Friday, December 5th. This represents a $4.12 dividend on an annualized basis and a yield of 3.3%. Genuine Parts’s dividend payout ratio is 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.