Czech National Bank Increases Position in Genuine Parts Company $GPC

Key Points

• The Czech National Bank increased its holdings in Genuine Parts Company by 6.2% during the 2nd quarter, owning a total of 33,925 shares worth approximately $4.1 million.
• Analyst ratings for Genuine Parts show a consensus of "Moderate Buy", with target prices ranging from $135 to $160.
• The company declared a quarterly dividend of $1.03, representing an annualized yield of 3.0%, with a payout ratio of 70.91%.

Czech National Bank increased its stake in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 6.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 33,925 shares of the specialty retailer's stock after purchasing an additional 1,991 shares during the period. Czech National Bank's holdings in Genuine Parts were worth $4,115,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rossby Financial LCC purchased a new stake in Genuine Parts during the 1st quarter worth about $25,000. Olde Wealth Management LLC purchased a new stake in Genuine Parts during the 1st quarter worth about $27,000. North Capital Inc. purchased a new stake in Genuine Parts during the 1st quarter worth about $28,000. Investors Research Corp raised its holdings in shares of Genuine Parts by 75.3% in the 1st quarter. Investors Research Corp now owns 291 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 125 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in shares of Genuine Parts by 7,950.0% in the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the specialty retailer's stock valued at $38,000 after acquiring an additional 318 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company's stock.

Genuine Parts Stock Performance

NYSE:GPC traded down $0.50 during mid-day trading on Friday, hitting $137.41. 1,444,819 shares of the company traded hands, compared to its average volume of 1,274,655. The stock's fifty day moving average price is $135.01 and its 200-day moving average price is $125.84. Genuine Parts Company has a one year low of $104.01 and a one year high of $144.29. The firm has a market cap of $19.11 billion, a price-to-earnings ratio of 23.65 and a beta of 0.75. 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 (NYSE:GPC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The specialty retailer reported $2.10 EPS 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 business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same period in the previous year, the business earned $2.44 earnings per share. The business's revenue was up 3.4% on a year-over-year basis. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. Research analysts anticipate that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders 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 annualized dividend and a dividend yield of 3.0%. Genuine Parts's payout ratio is currently 70.91%.

Analysts Set New Price Targets

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

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.