Semmax Financial Advisors Inc. Purchases 2,482 Shares of Genuine Parts Company $GPC

Key Points

• Semmax Financial Advisors Inc. increased its stake in Genuine Parts Company by 8.7% during Q1, acquiring an additional 2,482 shares, bringing its total holdings to 30,910 shares valued at approximately $3.63 million.
• Analysts have raised their target prices for Genuine Parts, with JPMorgan Chase & Co. setting a new target at $145.00, while the average price target across analysts is $137.86.
• Genuine Parts announced a quarterly dividend of $1.03 per share, representing a 2.9% dividend yield based on an annualized figure of $4.12.

Semmax Financial Advisors Inc. lifted its holdings in Genuine Parts Company (NYSE:GPC - Free Report) by 8.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,910 shares of the specialty retailer's stock after buying an additional 2,482 shares during the period. Semmax Financial Advisors Inc.'s holdings in Genuine Parts were worth $3,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rossby Financial LCC purchased a new stake in shares of Genuine Parts during the first quarter worth $25,000. Olde Wealth Management LLC purchased a new stake in shares of Genuine Parts during the first quarter worth $27,000. North Capital Inc. purchased a new stake in shares of Genuine Parts during the first quarter worth $28,000. Investors Research Corp raised its holdings in shares of Genuine Parts by 75.3% during the first quarter. Investors Research Corp now owns 291 shares of the specialty retailer's stock worth $35,000 after acquiring an additional 125 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in shares of Genuine Parts by 7,950.0% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the specialty retailer's stock worth $38,000 after acquiring an additional 318 shares in the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Genuine Parts Stock Performance

Shares of Genuine Parts stock traded down $1.41 during trading on Friday, reaching $141.36. The company's stock had a trading volume of 856,705 shares, compared to its average volume of 1,388,976. 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 business's fifty day moving average price is $133.42 and its 200-day moving average price is $125.17. The firm has a market cap of $19.66 billion, a price-to-earnings ratio of 24.33 and a beta of 0.75. Genuine Parts Company has a one year low of $104.01 and a one year high of $144.29.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The specialty retailer reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.02. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same period in the previous 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 business 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 dividend of $1.03 per share. 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 presently 70.91%.

Analyst Ratings Changes

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

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.