BNP Paribas Financial Markets Purchases 1,824 Shares of Genuine Parts Company $GPC

Key Points

• BNP Paribas Financial Markets increased its stake in Genuine Parts Company by 0.7%, owning approximately $31.58 million worth of shares by the end of the first quarter.
• Genuine Parts reported earnings of $2.10 per share for the recent quarter, exceeding estimates by $0.02, with a year-over-year revenue growth of 3.4%.
• The company announced a quarterly dividend of $1.03 per share, providing a yield of 3.0%, with a payout ratio of 70.91%.

BNP Paribas Financial Markets increased its stake in Genuine Parts Company (NYSE:GPC - Free Report) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,025 shares of the specialty retailer's stock after acquiring an additional 1,824 shares during the period. BNP Paribas Financial Markets owned approximately 0.19% of Genuine Parts worth $31,575,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GPC. Rossby Financial LCC purchased a new stake in shares of Genuine Parts in the 1st quarter valued at approximately $25,000. Olde Wealth Management LLC acquired a new position in shares of Genuine Parts during the 1st quarter worth $27,000. North Capital Inc. acquired a new position in shares of Genuine Parts during the 1st quarter worth $28,000. Investors Research Corp grew its stake in 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 buying an additional 125 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its stake in 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 buying an additional 318 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on GPC. UBS Group raised their price target 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. Loop Capital boosted their price target on shares of Genuine Parts from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Evercore ISI upped their target price on shares of Genuine Parts from $145.00 to $148.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. Truist Financial upped their target price on shares of Genuine Parts from $137.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Genuine Parts from $134.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Genuine Parts presently has an average rating of "Moderate Buy" and a consensus price target of $137.86.

Genuine Parts Stock Performance

NYSE GPC traded down $1.93 on Friday, hitting $139.32. 2,049,930 shares of the stock were exchanged, compared to its average volume of 1,009,480. 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 business's fifty day moving average is $132.23 and its 200 day moving average is $124.70. Genuine Parts Company has a 52 week low of $104.01 and a 52 week high of $144.29. The company has a market capitalization of $19.38 billion, a PE ratio of 23.98 and a beta of 0.75.

Genuine Parts (NYSE:GPC - Get Free Report) last issued 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 net margin of 3.40% and a return on equity of 22.41%. The company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same period in the prior year, the firm earned $2.44 earnings per share. The company'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 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The firm 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 dividend of $1.03 per share. The ex-dividend date is Friday, September 5th. This represents a $4.12 annualized dividend and a yield of 3.0%. Genuine Parts's dividend payout ratio (DPR) is currently 70.91%.

Genuine Parts Company 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.