Eisler Capital Management Ltd. Makes New Investment in Genuine Parts Company $GPC

Key Points

• Eisler Capital Management Ltd. has invested approximately $5.2 million in 43,328 shares of Genuine Parts Company ($GPC) during the 1st quarter.
• Several institutional investors, including Goldman Sachs Group Inc. and JPMorgan Chase & Co., have significantly increased their stakes in Genuine Parts, indicating strong investor interest.
• Genuine Parts reported earnings of $2.10 per share for the latest quarter, beating estimates, and announced a quarterly dividend of $1.03, representing a yield of 3.0%.

Eisler Capital Management Ltd. bought a new position in shares of Genuine Parts Company (NYSE:GPC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 43,328 shares of the specialty retailer's stock, valued at approximately $5,163,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GPC. Price T Rowe Associates Inc. MD grew its position in Genuine Parts by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 199,953 shares of the specialty retailer's stock worth $23,348,000 after buying an additional 2,006 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Genuine Parts by 38.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 2,560 shares of the specialty retailer's stock worth $299,000 after buying an additional 709 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Genuine Parts by 2.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 109,284 shares of the specialty retailer's stock worth $12,760,000 after buying an additional 2,838 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Genuine Parts by 11.0% in the 4th quarter. Northern Trust Corp now owns 1,431,563 shares of the specialty retailer's stock worth $167,149,000 after purchasing an additional 142,095 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in shares of Genuine Parts by 512.7% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 34,491 shares of the specialty retailer's stock worth $4,027,000 after purchasing an additional 28,862 shares in the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Genuine Parts Trading Up 0.1%

GPC traded up $0.17 during midday trading on Friday, reaching $139.48. 675,888 shares of the company's stock traded hands, compared to its average volume of 1,009,791. The firm has a fifty day moving average of $130.41 and a two-hundred day moving average of $124.18. The stock 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 debt-to-equity ratio of 0.79, a current ratio of 1.14 and a quick ratio of 0.51. Genuine Parts Company has a 52 week low of $104.01 and a 52 week high of $144.44.

Genuine Parts (NYSE:GPC - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.02. The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.10 billion. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.Genuine Parts's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.44 EPS. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. On average, equities analysts anticipate that Genuine Parts Company will post 7.9 earnings per share 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 issued a dividend of $1.03 per share. The ex-dividend date is Friday, September 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. Genuine Parts's dividend payout ratio is 70.91%.

Analysts Set New Price Targets

GPC has been the subject of a number of research reports. UBS Group upped their price objective on Genuine Parts from $125.00 to $135.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Loop Capital upped their price objective on Genuine Parts from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Truist Financial upped their price objective on Genuine Parts from $137.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price objective on Genuine Parts from $134.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, Evercore ISI upped their price objective on Genuine Parts from $145.00 to $148.00 and gave the stock an "outperform" rating in a report on Tuesday, August 26th. One 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.com, the stock currently 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.