Genuine Parts Company $GPC Shares Acquired by Revisor Wealth Management LLC

Key Points

• Revisor Wealth Management LLC increased its holdings in Genuine Parts Company by 75.2% in Q2, bringing its total ownership to 6,778 shares worth approximately $853,000.
• Various institutional investors have also made significant changes to their positions in Genuine Parts, with a combined 78.83% of the stock currently owned by such investors.
• Genuine Parts reported a Q2 EPS of $2.10, exceeding estimates, and announced a quarterly dividend of $1.03, with a dividend yield of 3.0%.

Revisor Wealth Management LLC lifted its position in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 75.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,778 shares of the specialty retailer's stock after buying an additional 2,910 shares during the period. Revisor Wealth Management LLC's holdings in Genuine Parts were worth $853,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rossby Financial LCC acquired a new stake in Genuine Parts in the 1st quarter valued at $25,000. Olde Wealth Management LLC acquired a new stake in Genuine Parts in the 1st quarter valued at $27,000. North Capital Inc. acquired a new stake in Genuine Parts in the 1st quarter valued at $28,000. Investors Research Corp boosted its position 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 boosted its position 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 and hedge funds.

Analyst Upgrades and Downgrades

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

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $138.02 on Tuesday. The firm's 50 day moving average is $135.28 and its two-hundred day moving average is $125.91. Genuine Parts Company has a 52 week low of $104.01 and a 52 week high of $144.29. The firm has a market capitalization of $19.20 billion, a P/E ratio of 23.75 and a beta of 0.75. The company has a current ratio of 1.14, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings results 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 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 quarter last year, the business earned $2.44 earnings per share. Genuine Parts's revenue was up 3.4% compared to the same quarter last year. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. Analysts anticipate that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Dividend Announcement

The company also recently declared 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 dividend yield of 3.0%. Genuine Parts's dividend payout ratio (DPR) is presently 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.

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