Calton & Associates Inc. Purchases New Position in Genuine Parts Company $GPC

Key Points

• Calton & Associates Inc. purchased over 7,000 shares of Genuine Parts Company, valued at approximately $850,000, indicating a new institutional investment in the firm.
• Genuine Parts reported a better-than-expected earnings per share of $2.10, slightly exceeding analysts' estimates, and had revenue of $6.16 billion, showing a year-over-year growth of 3.4%.
• Several research firms have raised their price targets for Genuine Parts stock, with UBS Group and Evercore ISI setting targets at $135.00 and $148.00 respectively, reflecting positive sentiment from analysts.

Calton & Associates Inc. purchased a new stake in Genuine Parts Company (NYSE:GPC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,135 shares of the specialty retailer's stock, valued at approximately $850,000.

Several other large investors have also added to or reduced their stakes in the business. Nomura Holdings Inc. lifted its position in Genuine Parts by 2,331.8% in the 1st quarter. Nomura Holdings Inc. now owns 218,615 shares of the specialty retailer's stock valued at $26,046,000 after acquiring an additional 209,625 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Genuine Parts by 2.4% during the 1st quarter. Baird Financial Group Inc. now owns 163,385 shares of the specialty retailer's stock worth $19,466,000 after buying an additional 3,794 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Genuine Parts by 42.4% during the 1st quarter. Vident Advisory LLC now owns 5,518 shares of the specialty retailer's stock worth $657,000 after buying an additional 1,644 shares in the last quarter. WPG Advisers LLC bought a new position in shares of Genuine Parts during the 1st quarter worth approximately $45,000. Finally, State of Wyoming lifted its position in shares of Genuine Parts by 83.0% during the 1st quarter. State of Wyoming now owns 904 shares of the specialty retailer's stock worth $108,000 after buying an additional 410 shares in the last quarter. Institutional investors own 78.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GPC. UBS Group lifted their target price on shares of Genuine Parts from $125.00 to $135.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Evercore ISI lifted their target price 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. Truist Financial lifted their target price on shares of Genuine Parts from $137.00 to $143.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their target price on shares of Genuine Parts from $134.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Loop Capital lifted their target price 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 investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $137.86.

Genuine Parts Stock Up 0.1%

Genuine Parts stock opened at $139.48 on Friday. Genuine Parts Company has a 1-year low of $104.01 and a 1-year high of $144.44. The firm has a market capitalization of $19.40 billion, a price-to-earnings ratio of 24.01 and a beta of 0.75. The company has a current ratio of 1.14, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The firm has a 50 day simple moving average of $130.41 and a 200 day simple moving average of $124.18.

Genuine Parts (NYSE:GPC - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.02. Genuine Parts had a net margin of 3.40% and a return on equity of 22.41%. The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.10 billion. During the same period in the previous year, the business earned $2.44 EPS. Genuine Parts's 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. On average, analysts predict that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, September 5th. Genuine Parts's payout ratio is currently 70.91%.

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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