Dynamic Technology Lab Private Ltd Buys Shares of 5,623 Genuine Parts Company $GPC

Key Points

• Dynamic Technology Lab Private Ltd has invested approximately $670,000 in Genuine Parts Company by purchasing 5,623 shares in the first quarter.
• Genuine Parts reported strong earnings with an EPS of $2.10, surpassing estimates and indicating a 3.4% revenue increase year-over-year.
• The company has declared a quarterly dividend of $1.03, resulting in an annual yield of 3.0%, with an upcoming payment date of October 2nd.

Dynamic Technology Lab Private Ltd bought a new position in Genuine Parts Company (NYSE:GPC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,623 shares of the specialty retailer's stock, valued at approximately $670,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Horizon Investments LLC lifted its position in Genuine Parts by 4.8% in the first quarter. Horizon Investments LLC now owns 1,996 shares of the specialty retailer's stock worth $238,000 after purchasing an additional 91 shares during the period. Pinnacle Associates Ltd. raised its stake in Genuine Parts by 2.8% during the first quarter. Pinnacle Associates Ltd. now owns 3,376 shares of the specialty retailer's stock worth $402,000 after acquiring an additional 93 shares in the last quarter. Truvestments Capital LLC raised its stake in Genuine Parts by 11.9% during the first quarter. Truvestments Capital LLC now owns 895 shares of the specialty retailer's stock worth $107,000 after acquiring an additional 95 shares in the last quarter. Strategic Wealth Partners Ltd. raised its stake in Genuine Parts by 4.2% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 2,420 shares of the specialty retailer's stock worth $302,000 after acquiring an additional 98 shares in the last quarter. Finally, Keybank National Association OH raised its stake in Genuine Parts by 0.5% during the first quarter. Keybank National Association OH now owns 20,862 shares of the specialty retailer's stock worth $2,486,000 after acquiring an additional 98 shares in the last quarter. 78.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GPC shares. Truist Financial increased their price objective on Genuine Parts from $137.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Evercore ISI raised their target price on Genuine Parts from $145.00 to $148.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. Loop Capital raised their target price on Genuine Parts from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their price objective on Genuine Parts from $134.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, UBS Group lifted their price objective on Genuine Parts from $125.00 to $135.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. One equities research 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 given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $137.86.

Genuine Parts Stock Down 0.9%

Shares of NYSE:GPC traded down $1.32 during trading on Monday, hitting $139.96. 115,461 shares of the company's stock traded hands, compared to its average volume of 1,381,575. Genuine Parts Company has a 52 week low of $104.01 and a 52 week high of $144.29. 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 company has a market cap of $19.47 billion, a price-to-earnings ratio of 24.09 and a beta of 0.75. The company has a 50-day moving average price of $133.70 and a 200-day moving average price of $125.34.

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 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 analysts' expectations of $6.10 billion. During the same quarter in the previous year, the business posted $2.44 EPS. Genuine Parts's revenue for the quarter was up 3.4% on a year-over-year basis. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. As a group, research analysts forecast that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Announces Dividend

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 paid a $1.03 dividend. The ex-dividend date is Friday, September 5th. This represents a $4.12 annualized dividend and a yield of 2.9%. Genuine Parts's payout ratio is presently 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.