GW Henssler & Associates Ltd. Acquires 1,030 Shares of Genuine Parts Company $GPC

GW Henssler & Associates Ltd. increased its holdings in shares of Genuine Parts Company (NYSE:GPC) by 17.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,887 shares of the specialty retailer’s stock after acquiring an additional 1,030 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Genuine Parts were worth $835,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Rossby Financial LCC bought a new stake in Genuine Parts during the first quarter worth $25,000. Olde Wealth Management LLC bought a new stake in Genuine Parts during the first quarter worth $27,000. North Capital Inc. bought a new stake in Genuine Parts during the first quarter worth $28,000. Golden State Wealth Management LLC lifted its holdings in Genuine Parts by 7,950.0% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 318 shares during the period. Finally, Cromwell Holdings LLC lifted its holdings in Genuine Parts by 49.1% during the second quarter. Cromwell Holdings LLC now owns 346 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 114 shares during the period. 78.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Naveen Krishna sold 5,303 shares of the business’s 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 transaction, the executive vice president directly owned 26,112 shares in the company, valued at $3,606,589.44. The trade was a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by insiders.

Genuine Parts Price Performance

Shares of NYSE GPC opened at $130.34 on Friday. The stock has a market cap of $18.13 billion, a PE ratio of 22.43 and a beta of 0.77. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week high of $144.29. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 1.14. The stock has a fifty day moving average of $137.52 and a 200-day moving average of $127.35.

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 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 company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.10 billion. During the same period in the previous year, the business earned $2.44 earnings per share. The firm’s quarterly 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. Equities research analysts anticipate that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, September 5th. Genuine Parts’s payout ratio is presently 70.91%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group boosted their target price on Genuine Parts from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday. Loop Capital boosted their target price on 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 boosted their target price on Genuine Parts from $148.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Weiss Ratings restated a “hold (c)” rating on shares of Genuine Parts in a research note on Wednesday. Finally, Truist Financial boosted their target price on Genuine Parts from $137.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently 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.