National Pension Service Has $61,000 Stock Position in Genuine Parts Company $GPC

Key Points

• The National Pension Service cut its stake in Genuine Parts Company by 99.8% in the first quarter, reducing its ownership to just 510 shares, valued at $61,000.
• Genuine Parts reported earnings of $2.10 per share, exceeding estimates, and had revenue of $6.16 billion, marking a 3.4% increase from the previous year.
• A quarterly dividend of $1.03 will be paid to shareholders, yielding 3.0%, with an annualized payout ratio of 70.91%.

National Pension Service lessened its holdings in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 99.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 510 shares of the specialty retailer's stock after selling 218,192 shares during the period. National Pension Service's holdings in Genuine Parts were worth $61,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GPC. Rossby Financial LCC acquired a new position in Genuine Parts in the 1st quarter valued at approximately $25,000. Olde Wealth Management LLC acquired a new position in Genuine Parts in the 1st quarter valued at approximately $27,000. North Capital Inc. acquired a new position in Genuine Parts in the 1st quarter valued at approximately $28,000. Investors Research Corp raised its holdings in Genuine Parts by 75.3% in the 1st quarter. Investors Research Corp now owns 291 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 125 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in Genuine Parts by 7,950.0% in the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the specialty retailer's stock valued at $38,000 after acquiring an additional 318 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company's stock.

Genuine Parts Trading Down 0.6%

Shares of GPC stock traded down $0.81 on Thursday, reaching $136.18. 223,064 shares of the stock were exchanged, compared to its average volume of 1,394,560. The stock has a market cap of $18.94 billion, a PE ratio of 23.44 and a beta of 0.75. Genuine Parts Company has a one year low of $104.01 and a one year high of $144.49. 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 stock has a 50 day moving average price of $127.72 and a 200 day moving average price of $123.17.

Genuine Parts (NYSE:GPC - Get Free Report) last released its earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates 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 quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.44 earnings per share. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. Equities research analysts forecast that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Announces Dividend

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 dividend on an annualized basis and a dividend yield of 3.0%. Genuine Parts's dividend payout ratio is 70.91%.

Analyst Upgrades and Downgrades

GPC has been the subject of several recent research reports. Argus raised Genuine Parts to a "strong-buy" rating in a report on Friday, April 25th. Evercore ISI cut their price target on Genuine Parts from $135.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Truist Financial upped their price objective on Genuine Parts from $137.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered Genuine Parts from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, UBS Group upped their price objective on Genuine Parts from $125.00 to $135.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. One 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 given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $135.29.

Genuine Parts 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.