HMS Capital Management LLC Purchases Shares of 2,200 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 purchased a new position in Genuine Parts Company (NYSE:GPC - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,200 shares of the specialty retailer's stock, valued at approximately $243,000.

Several other hedge funds also recently made changes to their positions in the business. Canada Pension Plan Investment Board grew its position in Genuine Parts by 436.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 31,451 shares of the specialty retailer's stock worth $3,672,000 after buying an additional 25,583 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Genuine Parts by 17.3% during the 4th quarter. First Trust Advisors LP now owns 174,218 shares of the specialty retailer's stock worth $20,342,000 after acquiring an additional 25,726 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Genuine Parts by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,698,737 shares of the specialty retailer's stock worth $198,338,000 after acquiring an additional 182,965 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Genuine Parts in the 4th quarter valued at $289,000. Finally, Ossiam boosted its stake in Genuine Parts by 33.1% in the 4th quarter. Ossiam now owns 6,611 shares of the specialty retailer's stock worth $772,000 after purchasing an additional 1,644 shares during the period. Institutional investors and hedge funds own 78.83% of the company's stock.

Genuine Parts Stock Down 0.1%

NYSE:GPC traded down $0.07 during trading hours on Monday, reaching $139.43. The company's stock had a trading volume of 172,219 shares, compared to its average volume of 1,386,813. Genuine Parts Company has a one year low of $104.01 and a one year high of $144.49. The business's 50-day moving average is $128.41 and its 200-day moving average is $123.53. 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 has a market cap of $19.39 billion, a price-to-earnings ratio of 23.99 and a beta of 0.75.

Genuine Parts (NYSE:GPC - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.02. The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.10 billion. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.The firm's revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.44 EPS. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. Equities research analysts predict that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.0%. Genuine Parts's dividend payout ratio (DPR) is currently 70.91%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. UBS Group upped their price target on Genuine Parts from $125.00 to $135.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their target price on Genuine Parts from $134.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Truist Financial increased their price target on shares of Genuine Parts from $137.00 to $143.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Genuine Parts currently has a consensus rating of "Moderate Buy" and an average target price of $135.29.

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.