1,913 Shares in Genuine Parts Company $GPC Purchased by Financial Advisors Network Inc.

Key Points

• Financial Advisors Network Inc. has acquired a new stake in Genuine Parts Company, purchasing 1,913 shares valued at approximately $228,000.
• Genuine Parts reported earnings of $2.10 EPS for the latest quarter, surpassing expectations with a revenue of $6.16 billion.
• Recent analyst ratings show a mixed outlook, with price targets ranging from $130.00 to $160.00, indicating an overall consensus rating of "Hold."

Financial Advisors Network Inc. purchased a new stake in shares of Genuine Parts Company (NYSE:GPC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,913 shares of the specialty retailer's stock, valued at approximately $228,000.

Several other hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP grew its holdings in Genuine Parts by 11.9% during the first quarter. Wellington Management Group LLP now owns 33,239 shares of the specialty retailer's stock valued at $3,960,000 after purchasing an additional 3,522 shares during the period. Brooklyn Investment Group grew its holdings in Genuine Parts by 52.5% during the first quarter. Brooklyn Investment Group now owns 767 shares of the specialty retailer's stock valued at $91,000 after purchasing an additional 264 shares during the period. Weik Capital Management grew its holdings in Genuine Parts by 9.1% during the first quarter. Weik Capital Management now owns 9,020 shares of the specialty retailer's stock valued at $1,075,000 after purchasing an additional 755 shares during the period. Tocqueville Asset Management L.P. grew its holdings in Genuine Parts by 2,163.3% during the first quarter. Tocqueville Asset Management L.P. now owns 73,445 shares of the specialty retailer's stock valued at $8,750,000 after purchasing an additional 70,200 shares during the period. Finally, American Century Companies Inc. grew its holdings in Genuine Parts by 6.0% during the first quarter. American Century Companies Inc. now owns 59,252 shares of the specialty retailer's stock valued at $7,059,000 after purchasing an additional 3,357 shares during the period. Institutional investors own 78.83% of the company's stock.

Genuine Parts Price Performance

Shares of NYSE GPC traded up $3.1690 during mid-day trading on Friday, reaching $139.4990. The company's stock had a trading volume of 943,383 shares, compared to its average volume of 1,128,814. The firm has a market capitalization of $19.40 billion, a PE 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. The stock has a fifty day moving average of $128.41 and a two-hundred day moving average of $123.53. Genuine Parts Company has a 52 week low of $104.01 and a 52 week high of $144.49.

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, 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 return on equity of 22.41% and a net margin of 3.40%.The business'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 earnings per share. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. As a group, sell-side analysts anticipate 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. Investors of record on Friday, September 5th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, September 5th. Genuine Parts's payout ratio is currently 70.91%.

Wall Street Analyst Weigh In

Several analysts have issued reports on GPC shares. Truist Financial boosted 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. Wall Street Zen lowered Genuine Parts from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Loop Capital boosted their price objective on Genuine Parts from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. UBS Group upped their price objective on Genuine Parts from $125.00 to $135.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, 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 research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.29.

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.