Integrity Alliance LLC. Purchases Shares of 4,189 Genuine Parts Company $GPC

Key Points

• Integrity Alliance LLC has acquired 4,189 shares of Genuine Parts Company (NYSE:GPC), valued at approximately $499,000, highlighting growing institutional interest in the specialty retailer.
• Genuine Parts recently reported earnings of $2.10 per share, exceeding estimates, and has projected a fiscal year 2025 EPS guidance of between 7.500-8.000.
• The company declared a quarterly dividend of $1.03, indicating an annualized yield of 2.9% with a payout ratio of 70.91%.

Integrity Alliance LLC. purchased a new position in shares of Genuine Parts Company (NYSE:GPC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,189 shares of the specialty retailer's stock, valued at approximately $499,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Horizon Investments LLC raised its stake in Genuine Parts by 4.8% during the 1st quarter. Horizon Investments LLC now owns 1,996 shares of the specialty retailer's stock worth $238,000 after acquiring an additional 91 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in Genuine Parts by 2.8% during the 1st quarter. Pinnacle Associates Ltd. now owns 3,376 shares of the specialty retailer's stock worth $402,000 after acquiring an additional 93 shares in the last quarter. Truvestments Capital LLC raised its stake in Genuine Parts by 11.9% during the 1st quarter. Truvestments Capital LLC now owns 895 shares of the specialty retailer's stock worth $107,000 after acquiring an additional 95 shares in the last quarter. Strategic Wealth Partners Ltd. raised its stake in Genuine Parts by 4.2% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 2,420 shares of the specialty retailer's stock worth $302,000 after acquiring an additional 98 shares in the last quarter. Finally, Keybank National Association OH raised its stake in Genuine Parts by 0.5% during the 1st quarter. Keybank National Association OH now owns 20,862 shares of the specialty retailer's stock worth $2,486,000 after acquiring an additional 98 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Genuine Parts Stock Down 1.0%

Shares of NYSE:GPC opened at $141.36 on Friday. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week high of $144.29. The company has a quick ratio of 0.51, a current ratio of 1.14 and a debt-to-equity ratio of 0.79. The firm's 50-day simple moving average is $133.70 and its 200-day simple moving average is $125.30. The company has a market cap of $19.66 billion, a price-to-earnings ratio of 24.33 and a beta of 0.75.

Genuine Parts (NYSE:GPC - Get Free Report) last posted 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. Genuine Parts had a net margin of 3.40% and a return on equity of 22.41%. The firm had revenue of $6.16 billion during the quarter, compared to analysts' expectations of $6.10 billion. During the same period in the prior year, the company posted $2.44 earnings per share. The firm's revenue for the quarter 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 predict that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, September 5th. Genuine Parts's payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.