Guggenheim Capital LLC Has $9.78 Million Stock Position in Genuine Parts Company $GPC

Key Points

• Guggenheim Capital LLC increased its stake in Genuine Parts Company by 3.7%, acquiring an additional 2,913 shares, bringing their total ownership to 82,084 shares valued at approximately $9.8 million.
• Analysts have raised their price targets for Genuine Parts Company, with JPMorgan increasing its target from $134 to $145, while the average target price across all analysts is now $137.86.
• The company reported a 2nd quarter EPS of $2.10, exceeding expectations, and has set its FY 2025 guidance at $7.500 - $8.000 EPS.

Guggenheim Capital LLC grew its stake in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 3.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 82,084 shares of the specialty retailer's stock after acquiring an additional 2,913 shares during the quarter. Guggenheim Capital LLC owned about 0.06% of Genuine Parts worth $9,779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GPC. Goldman Sachs Group Inc. lifted its position in shares of Genuine Parts by 276.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,352,772 shares of the specialty retailer's stock worth $399,449,000 after buying an additional 2,461,497 shares during the last quarter. Junto Capital Management LP bought a new stake in shares of Genuine Parts during the 4th quarter worth $94,868,000. Alyeska Investment Group L.P. lifted its position in shares of Genuine Parts by 204.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 789,050 shares of the specialty retailer's stock worth $92,129,000 after buying an additional 530,057 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Genuine Parts by 22.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,752,845 shares of the specialty retailer's stock worth $327,974,000 after buying an additional 498,469 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Genuine Parts by 20,194.9% during the 1st quarter. GAMMA Investing LLC now owns 476,322 shares of the specialty retailer's stock worth $56,749,000 after buying an additional 473,975 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GPC. Loop Capital upped their price objective on Genuine Parts from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. 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 report on Wednesday, July 23rd. UBS Group upped their target price on Genuine Parts from $125.00 to $135.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Truist Financial upped their target price on Genuine Parts from $137.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Evercore ISI upped their target price on Genuine Parts from $145.00 to $148.00 and gave the stock an "outperform" rating in a report on Tuesday, August 26th. One investment 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 issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $137.86.

Genuine Parts Price Performance

GPC traded up $0.17 on Friday, reaching $139.48. The stock had a trading volume of 675,888 shares, compared to its average volume of 960,792. The company has a market capitalization of $19.40 billion, a price-to-earnings ratio of 24.01 and a beta of 0.75. The firm has a 50-day moving average of $130.41 and a 200-day moving average of $124.18. 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 Company has a fifty-two week low of $104.01 and a fifty-two week high of $144.44.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $6.16 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm 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 year.

Genuine Parts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. Genuine Parts's dividend payout ratio is presently 70.91%.

About Genuine Parts

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.