UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $170.07 Million Holdings in Genuine Parts Company $GPC

Key Points

• UBS Asset Management has increased its holdings in Genuine Parts Company by 3.5%, acquiring an additional 48,139 shares during the first quarter, bringing its total ownership to 1,427,507 shares valued at approximately $170 million.
• Genuine Parts recently reported $2.10 earnings per share, surpassing analysts' expectations, with a year-over-year revenue increase of 3.4%, totaling $6.16 billion for the quarter.
• The company plans to pay a quarterly dividend of $1.03 per share on October 2nd, which signifies an annualized yield of 2.9% and represents a payout ratio of 70.91%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Genuine Parts Company (NYSE:GPC - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,427,507 shares of the specialty retailer's stock after purchasing an additional 48,139 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.03% of Genuine Parts worth $170,073,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Rossby Financial LCC bought a new stake in Genuine Parts in the 1st quarter valued at about $25,000. Olde Wealth Management LLC acquired a new stake in shares of Genuine Parts in the 1st quarter worth approximately $27,000. North Capital Inc. acquired a new stake in shares of Genuine Parts in the 1st quarter worth approximately $28,000. Investors Research Corp lifted its stake in shares of Genuine Parts by 75.3% in the 1st quarter. Investors Research Corp now owns 291 shares of the specialty retailer's stock worth $35,000 after acquiring an additional 125 shares during the period. Finally, Golden State Wealth Management LLC lifted its stake in shares of 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 worth $38,000 after acquiring an additional 318 shares during the period. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Price Performance

Shares of NYSE GPC traded down $1.41 during midday trading on Friday, reaching $141.36. The company's stock had a trading volume of 856,705 shares, compared to its average volume of 1,135,903. The company has a current ratio of 1.14, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The company has a 50 day moving average price of $133.70 and a 200 day moving average price of $125.34. Genuine Parts Company has a one year low of $104.01 and a one year high of $144.29. 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 released its earnings results 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 net margin of 3.40% and a return on equity of 22.41%. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same period in the previous year, the firm earned $2.44 EPS. The business'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. On average, equities research analysts expect that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on GPC. Truist Financial upped their price target on shares of Genuine Parts from $137.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. UBS Group upped their price target on shares of Genuine Parts from $125.00 to $135.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price target on shares of Genuine Parts from $134.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Evercore ISI upped their price target on shares of Genuine Parts from $145.00 to $148.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 26th. Finally, Loop Capital upped their price target on shares of Genuine Parts from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. One research 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 company. According to MarketBeat, Genuine Parts currently 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.