Genuine Parts Company $GPC Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt reduced its stake in Genuine Parts Company by 82.1% in Q2, selling 7,570 shares and bringing its ownership down to 1,654 shares.
• Genuine Parts Company reported $2.10 EPS for Q2, exceeding expectations and setting FY 2025 guidance at $7.500-8.000 EPS.
• Several hedge funds, including Goldman Sachs Group Inc., significantly increased their holdings in Genuine Parts during Q1, indicating strong institutional interest in the company.

Livforsakringsbolaget Skandia Omsesidigt lowered its holdings in Genuine Parts Company (NYSE:GPC - Free Report) by 82.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,654 shares of the specialty retailer's stock after selling 7,570 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Genuine Parts were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its position in shares of Genuine Parts by 276.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,352,772 shares of the specialty retailer's stock worth $399,449,000 after acquiring an additional 2,461,497 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Genuine Parts by 4.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,009,583 shares of the specialty retailer's stock worth $358,387,000 after acquiring an additional 119,653 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Genuine Parts by 22.1% in the first quarter. JPMorgan Chase & Co. now owns 2,752,845 shares of the specialty retailer's stock worth $327,974,000 after acquiring an additional 498,469 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Genuine Parts by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,777,990 shares of the specialty retailer's stock worth $211,816,000 after acquiring an additional 79,253 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Genuine Parts by 3.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,427,507 shares of the specialty retailer's stock worth $170,073,000 after acquiring an additional 48,139 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company's stock.

Genuine Parts Trading Down 0.4%

Shares of Genuine Parts stock opened at $137.41 on Friday. The firm has a market capitalization of $19.11 billion, a PE ratio of 23.65 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 company's fifty day moving average price is $135.01 and its two-hundred day moving average price is $125.82. Genuine Parts Company has a 52-week low of $104.01 and a 52-week high of $144.29.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, topping 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 business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same quarter in the prior year, the firm earned $2.44 EPS. The firm's quarterly 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. On average, analysts expect that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

The business also recently declared 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 is 70.91%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GPC. Loop Capital boosted 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. Truist Financial lifted 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. JPMorgan Chase & Co. lifted their target price on shares of Genuine Parts from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Evercore ISI lifted 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. Finally, UBS Group lifted their target price on shares of Genuine Parts from $125.00 to $135.00 and gave the company a "neutral" rating in a research note 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 issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $137.86.

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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