Butensky & Cohen Financial Security Inc. Buys 1,995 Shares of Genuine Parts Company $GPC

Key Points

• Butensky & Cohen Financial Security Inc. increased its stake in Genuine Parts Company by 5.5%, owning 38,389 shares valued at approximately $4.66 million.
• Genuine Parts reported earnings of $2.10 per share for the last quarter, slightly surpassing analyst estimates of $2.08.
• The company announced a quarterly dividend of $1.03 per share, scheduled to be paid on October 2nd, reflecting an annual yield of 3.0%.

Butensky & Cohen Financial Security Inc. increased its position in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,389 shares of the specialty retailer's stock after purchasing an additional 1,995 shares during the period. Butensky & Cohen Financial Security Inc.'s holdings in Genuine Parts were worth $4,657,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in Genuine Parts by 276.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,352,772 shares of the specialty retailer's stock worth $399,449,000 after purchasing an additional 2,461,497 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Genuine Parts by 4.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,009,583 shares of the specialty retailer's stock valued at $358,387,000 after buying an additional 119,653 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Genuine Parts by 22.1% in the first quarter. JPMorgan Chase & Co. now owns 2,752,845 shares of the specialty retailer's stock valued at $327,974,000 after buying an additional 498,469 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Genuine Parts by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,777,990 shares of the specialty retailer's stock valued at $211,816,000 after buying an additional 79,253 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Genuine Parts by 3.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,427,507 shares of the specialty retailer's stock valued at $170,073,000 after buying an additional 48,139 shares in the last quarter. Institutional investors own 78.83% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GPC shares. JPMorgan Chase & Co. upped 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. Truist Financial upped 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. UBS Group upped their price target on Genuine Parts from $125.00 to $135.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Evercore ISI lifted their price objective on shares of Genuine Parts from $145.00 to $148.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. Finally, Loop Capital lifted their price objective on shares of Genuine Parts from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Genuine Parts presently has an average rating of "Moderate Buy" and an average price target of $137.86.

Genuine Parts Stock Up 0.5%

Shares of Genuine Parts stock traded up $0.69 on Monday, hitting $138.02. 1,437,088 shares of the company traded hands, compared to its average volume of 1,391,849. The company has a 50-day moving average price of $135.01 and a 200 day moving average price of $125.84. The company has a quick ratio of 0.51, a current ratio of 1.14 and a debt-to-equity ratio of 0.79. Genuine Parts Company has a 12-month low of $104.01 and a 12-month high of $144.29. The company has a market cap of $19.20 billion, a PE ratio of 23.75 and a beta of 0.75.

Genuine Parts (NYSE:GPC - Get Free Report) last released 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 firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.10 billion. Genuine Parts had a net margin of 3.40% and a return on equity of 22.41%. The business's revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.44 EPS. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. Sell-side analysts predict that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. Genuine Parts's payout ratio is currently 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.