Boston Trust Walden Corp Has $46.79 Million Holdings in Genuine Parts Company $GPC

Key Points

• Boston Trust Walden Corp increased its holdings in Genuine Parts Company by 4.3% during the second quarter, owning approximately $46.79 million worth of 385,710 shares.
• Analysts have set varying price targets for Genuine Parts, with UBS raising it from $135 to $140, and Loop Capital from $155 to $160, reflecting a general sentiment of positive outlook for the company.
• Genuine Parts announced a quarterly dividend of $1.03 per share, reflecting an annual yield of 3.1% and a payout ratio of 70.91%.

Boston Trust Walden Corp boosted its holdings in Genuine Parts Company (NYSE:GPC - Free Report) by 4.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 385,710 shares of the specialty retailer's stock after buying an additional 15,955 shares during the quarter. Boston Trust Walden Corp owned approximately 0.28% of Genuine Parts worth $46,790,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Cornerstone Wealth Group LLC boosted its stake in shares of Genuine Parts by 3.5% during the second quarter. Cornerstone Wealth Group LLC now owns 29,056 shares of the specialty retailer's stock valued at $3,525,000 after purchasing an additional 985 shares in the last quarter. Concord Wealth Partners boosted its stake in shares of Genuine Parts by 148.7% during the second quarter. Concord Wealth Partners now owns 296 shares of the specialty retailer's stock valued at $36,000 after purchasing an additional 177 shares in the last quarter. Pzena Investment Management LLC boosted its stake in shares of Genuine Parts by 98.0% during the second quarter. Pzena Investment Management LLC now owns 596,051 shares of the specialty retailer's stock valued at $72,307,000 after purchasing an additional 295,064 shares in the last quarter. Bill Few Associates Inc. boosted its stake in shares of Genuine Parts by 5.8% during the second quarter. Bill Few Associates Inc. now owns 3,489 shares of the specialty retailer's stock valued at $423,000 after purchasing an additional 192 shares in the last quarter. Finally, GW Henssler & Associates Ltd. boosted its stake in shares of Genuine Parts by 17.6% during the second quarter. GW Henssler & Associates Ltd. now owns 6,887 shares of the specialty retailer's stock valued at $835,000 after purchasing an additional 1,030 shares in the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GPC shares. UBS Group lifted 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. Loop Capital lifted their price target on Genuine Parts from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Truist Financial lifted their price target on Genuine Parts from $137.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Genuine Parts in a research note on Wednesday, October 8th. Finally, Evercore ISI lifted their price objective on Genuine Parts from $148.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Genuine Parts has a consensus rating of "Hold" and an average target price of $138.86.

Insiders Place Their Bets

In other news, EVP Naveen Krishna sold 5,303 shares of the business's stock in a transaction that occurred on 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 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 0.42% of the company's stock.

Genuine Parts Trading Up 1.4%

Shares of GPC stock opened at $133.58 on Wednesday. The company has a market cap of $18.58 billion, a P/E ratio of 22.99 and a beta of 0.77. The stock has a 50 day simple moving average of $137.54 and a two-hundred day simple moving average of $127.53. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 1.14. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week high of $144.29.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.02. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.10 billion. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.44 earnings per share. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. Research analysts forecast 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. Shareholders of record on Friday, September 5th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, September 5th. Genuine Parts's payout ratio is presently 70.91%.

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.

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