6,119 Shares in Genuine Parts Company $GPC Bought by Hilltop National Bank

Key Points

• Hilltop National Bank has acquired 6,119 shares of Genuine Parts Company, worth approximately $742,000, as part of its new investment position.
• Genuine Parts Company reported a quarterly earnings per share (EPS) of $2.10, exceeding estimates and marking a 3.4% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $1.03, representing an annual yield of 2.9% and a payout ratio of 70.91%.

Hilltop National Bank acquired a new position in Genuine Parts Company (NYSE:GPC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,119 shares of the specialty retailer's stock, valued at approximately $742,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Diversified Trust Co raised its position in shares of Genuine Parts by 1.8% in the second quarter. Diversified Trust Co now owns 4,636 shares of the specialty retailer's stock worth $562,000 after buying an additional 83 shares in the last quarter. Brown Lisle Cummings Inc. raised its position in shares of Genuine Parts by 5.7% in the second quarter. Brown Lisle Cummings Inc. now owns 1,541 shares of the specialty retailer's stock worth $187,000 after buying an additional 83 shares in the last quarter. Oak Asset Management LLC raised its position in shares of Genuine Parts by 0.6% in the second quarter. Oak Asset Management LLC now owns 13,462 shares of the specialty retailer's stock worth $1,633,000 after buying an additional 85 shares in the last quarter. Horizon Investments LLC raised its position in Genuine Parts by 4.8% during the first quarter. Horizon Investments LLC now owns 1,996 shares of the specialty retailer's stock valued at $238,000 after purchasing an additional 91 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its position in Genuine Parts by 2.8% during the first quarter. Pinnacle Associates Ltd. now owns 3,376 shares of the specialty retailer's stock valued at $402,000 after purchasing an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company's stock.

Genuine Parts Stock Up 1.6%

NYSE GPC opened at $140.42 on Friday. 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 stock has a market capitalization of $19.53 billion, a PE ratio of 24.17 and a beta of 0.77. Genuine Parts Company has a 1 year low of $104.01 and a 1 year high of $144.29. The business's 50-day moving average is $137.11 and its 200 day moving average is $126.72.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.02. The company had revenue of $6.16 billion for the quarter, compared to analysts' expectations of $6.10 billion. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.Genuine Parts's quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $2.44 earnings per share. 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 earnings per share for the current year.

Genuine Parts Dividend Announcement

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

Insider Buying and Selling

In other Genuine Parts news, EVP Naveen Krishna sold 5,303 shares of the firm's 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 completion of the sale, the executive vice president directly owned 26,112 shares in the company, valued at $3,606,589.44. This trade represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GPC. Loop Capital raised their price target on Genuine Parts from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. UBS Group raised their price target on Genuine Parts from $125.00 to $135.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Truist Financial raised their price target on Genuine Parts from $137.00 to $143.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Evercore ISI raised their price target 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. raised their price target 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 investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $138.14.

Genuine Parts 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.

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