HMS Capital Management LLC Buys New Holdings in Genuine Parts Company $GPC

Key Points

• HMS Capital Management LLC has invested approximately $243,000 in Genuine Parts Company by purchasing 2,200 shares during the first quarter.
• Genuine Parts reported quarterly earnings of $2.10 per share, beating expectations and showing a revenue increase of 3.4% year-over-year.
• The company recently announced a quarterly dividend of $1.03, representing an annualized yield of 3.0%, with an ex-dividend date on September 5th.

HMS Capital Management LLC acquired a new stake in shares of Genuine Parts Company (NYSE:GPC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,200 shares of the specialty retailer's stock, valued at approximately $243,000.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Genuine Parts by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,698,737 shares of the specialty retailer's stock valued at $198,338,000 after acquiring an additional 182,965 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Genuine Parts by 436.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 31,451 shares of the specialty retailer's stock valued at $3,672,000 after acquiring an additional 25,583 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Genuine Parts during the 4th quarter valued at $1,320,000. FORA Capital LLC boosted its holdings in shares of Genuine Parts by 410.9% during the 4th quarter. FORA Capital LLC now owns 26,332 shares of the specialty retailer's stock valued at $3,075,000 after acquiring an additional 21,178 shares in the last quarter. Finally, Bastion Asset Management Inc. acquired a new stake in shares of Genuine Parts during the 4th quarter valued at $3,391,000. Institutional investors and hedge funds own 78.83% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Truist Financial raised their price objective on Genuine Parts from $137.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Loop Capital lifted their target price on Genuine Parts from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. UBS Group lifted 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. Wall Street Zen downgraded Genuine Parts from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Finally, Argus raised Genuine Parts to a "strong-buy" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Genuine Parts has a consensus rating of "Moderate Buy" and a consensus target price of $135.29.

Genuine Parts Trading Up 2.3%

Shares of GPC stock traded up $3.1690 during mid-day trading on Friday, hitting $139.4990. The company's stock had a trading volume of 943,383 shares, compared to its average volume of 1,122,798. The company's fifty day simple moving average is $128.41 and its 200-day simple moving average is $123.46. Genuine Parts Company has a 52 week low of $104.01 and a 52 week high of $144.49. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 1.14. The company has a market cap of $19.40 billion, a PE ratio of 24.01 and a beta of 0.75.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly earnings data 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 return on equity of 22.41% and a net margin of 3.40%.The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.10 billion. During the same period last year, the company posted $2.44 EPS. The business's quarterly 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. As a group, equities research analysts expect that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be given 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 (DPR) is 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.