Nomura Holdings Inc. Grows Stock Holdings in Genuine Parts Company $GPC

Key Points

• Nomura Holdings Inc. increased its stake in Genuine Parts Company by 2,331.8%, purchasing an additional 209,625 shares, elevating their total holdings to 218,615 shares valued at approximately $26 million.
• Genuine Parts Company reported a quarterly EPS of $2.10, surpassing analysts' expectations by $0.02 and achieving a revenue of $6.16 billion, reflecting a year-over-year growth of 3.4%.
• The company declared a quarterly dividend of $1.03 per share, set to be paid on October 2nd, which represents an annualized yield of 3.0%.

Nomura Holdings Inc. raised its holdings in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 2,331.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 218,615 shares of the specialty retailer's stock after purchasing an additional 209,625 shares during the period. Nomura Holdings Inc. owned 0.16% of Genuine Parts worth $26,046,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Horizon Investments LLC lifted its stake in shares of Genuine Parts by 4.8% in the first quarter. Horizon Investments LLC now owns 1,996 shares of the specialty retailer's stock worth $238,000 after buying an additional 91 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Genuine Parts by 2.8% during the first quarter. Pinnacle Associates Ltd. now owns 3,376 shares of the specialty retailer's stock valued at $402,000 after buying an additional 93 shares during the last quarter. Truvestments Capital LLC grew its holdings in shares of Genuine Parts by 11.9% during the first quarter. Truvestments Capital LLC now owns 895 shares of the specialty retailer's stock valued at $107,000 after buying an additional 95 shares during the last quarter. Strategic Wealth Partners Ltd. grew its holdings in shares of Genuine Parts by 4.2% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 2,420 shares of the specialty retailer's stock valued at $302,000 after buying an additional 98 shares during the last quarter. Finally, Keybank National Association OH grew its holdings in shares of Genuine Parts by 0.5% during the first quarter. Keybank National Association OH now owns 20,862 shares of the specialty retailer's stock valued at $2,486,000 after buying an additional 98 shares during the last quarter. Institutional investors own 78.83% of the company's stock.

Genuine Parts Price Performance

Shares of GPC traded up $4.98 during mid-day trading on Thursday, reaching $141.25. The stock had a trading volume of 2,743,724 shares, compared to its average volume of 1,383,303. Genuine Parts Company has a 12 month low of $104.01 and a 12 month high of $144.29. The business has a fifty day moving average of $131.42 and a 200 day moving average of $124.45. 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 firm has a market cap of $19.65 billion, a price-to-earnings ratio of 24.31 and a beta of 0.75.

Genuine Parts (NYSE:GPC - Get Free Report) last released its earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 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 for the quarter, compared to the consensus estimate of $6.10 billion. During the same quarter in the previous year, the firm earned $2.44 earnings per share. The company's quarterly revenue was up 3.4% compared to the same quarter last year. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. Equities analysts predict that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, September 5th. Genuine Parts's payout ratio is 70.91%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GPC shares. UBS Group increased their price objective on shares of Genuine Parts from $125.00 to $135.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Truist Financial increased their price objective on shares of Genuine Parts from $137.00 to $143.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Loop Capital increased 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. JPMorgan Chase & Co. increased their price objective on shares of Genuine Parts from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Evercore ISI upped their target price on shares of Genuine Parts from $145.00 to $148.00 and gave the company an "outperform" rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Genuine Parts presently has a consensus rating of "Moderate Buy" and an average price target of $137.86.

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.