International Private Wealth Advisors LLC Invests $300,000 in Genuine Parts Company $GPC

Key Points

• International Private Wealth Advisors LLC invested $300,000 in Genuine Parts Company, acquiring 2,471 shares during the second quarter.
• Genuine Parts reported better-than-expected earnings, with $2.10 EPS for the quarter, surpassing estimates of $2.08, and a revenue increase to $6.16 billion.
• The company declared a quarterly dividend of $1.03 per share, yielding around 3%, with the dividend payout ratio at 70.91%.

International Private Wealth Advisors LLC acquired a new stake in shares of Genuine Parts Company (NYSE:GPC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,471 shares of the specialty retailer's stock, valued at approximately $300,000.

Several other institutional investors also recently modified their holdings of GPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Genuine Parts by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,046 shares of the specialty retailer's stock valued at $1,990,000 after buying an additional 664 shares during the last quarter. Vident Advisory LLC boosted its position in shares of Genuine Parts by 6.1% during the fourth quarter. Vident Advisory LLC now owns 3,874 shares of the specialty retailer's stock valued at $452,000 after buying an additional 223 shares during the last quarter. Woodline Partners LP purchased a new position in Genuine Parts in the fourth quarter worth about $975,000. Voloridge Investment Management LLC boosted its position in Genuine Parts by 4,373.2% in the fourth quarter. Voloridge Investment Management LLC now owns 127,845 shares of the specialty retailer's stock worth $14,927,000 after purchasing an additional 124,987 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Genuine Parts by 9.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,379,368 shares of the specialty retailer's stock worth $161,055,000 after purchasing an additional 118,783 shares during the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Stock Down 0.9%

GPC stock opened at $137.93 on Friday. Genuine Parts Company has a twelve month low of $104.01 and a twelve month 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 stock has a market cap of $19.18 billion, a P/E ratio of 23.74 and a beta of 0.75. The business's 50-day moving average price is $134.75 and its 200-day moving average price is $125.72.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same quarter last year, the company earned $2.44 EPS. The firm'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. On average, equities research analysts forecast that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders 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 dividend on an annualized basis and a yield of 3.0%. Genuine Parts's payout ratio is presently 70.91%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GPC shares. Truist Financial raised their target price on Genuine Parts from $137.00 to $143.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Loop Capital raised their target price on Genuine Parts from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Evercore ISI raised their target price on Genuine Parts from $145.00 to $148.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. raised their target price on Genuine Parts from $134.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, UBS Group lifted their price objective on Genuine Parts from $125.00 to $135.00 and gave the company a "neutral" rating in a research report 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 issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Genuine Parts presently has an average rating of "Moderate Buy" and a consensus price target of $137.86.

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.

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