Vanguard Personalized Indexing Management LLC Boosts Stake in Genuine Parts Company $GPC

Vanguard Personalized Indexing Management LLC grew its position in Genuine Parts Company (NYSE:GPC) by 15.3% during the second quarter, Holdings Channel reports. The institutional investor owned 10,579 shares of the specialty retailer’s stock after acquiring an additional 1,403 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Genuine Parts were worth $1,284,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Genuine Parts by 70.3% in the first quarter. GAMMA Investing LLC now owns 3,998 shares of the specialty retailer’s stock worth $476,000 after buying an additional 1,651 shares during the last quarter. CWA Asset Management Group LLC increased its holdings in Genuine Parts by 20.0% in the first quarter. CWA Asset Management Group LLC now owns 2,647 shares of the specialty retailer’s stock valued at $315,000 after buying an additional 441 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Genuine Parts by 1.1% in the 1st quarter. State of Alaska Department of Revenue now owns 39,279 shares of the specialty retailer’s stock worth $4,679,000 after purchasing an additional 425 shares during the period. Rockline Wealth Management LLC raised its stake in shares of Genuine Parts by 4.3% during the 1st quarter. Rockline Wealth Management LLC now owns 27,595 shares of the specialty retailer’s stock worth $3,288,000 after buying an additional 1,140 shares during the period. Finally, Stonegate Investment Group LLC lifted its holdings in Genuine Parts by 2.8% during the first quarter. Stonegate Investment Group LLC now owns 14,510 shares of the specialty retailer’s stock valued at $1,729,000 after purchasing an additional 402 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 GPC stock opened at $133.25 on Friday. Genuine Parts Company has a 52-week low of $104.01 and a 52-week 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’s 50-day moving average price is $137.54 and its 200 day moving average price is $127.83. The stock has a market capitalization of $18.53 billion, a PE ratio of 22.93 and a beta of 0.77.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, beating 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 company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same quarter in the previous year, the company earned $2.44 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts forecast that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, September 5th. Genuine Parts’s dividend payout ratio is presently 70.91%.

Insider Activity at Genuine Parts

In other news, EVP Naveen Krishna sold 5,303 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $138.12, for a total transaction of $732,450.36. Following the completion of the transaction, the executive vice president directly owned 26,112 shares of the company’s stock, valued at $3,606,589.44. This trade represents a 16.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GPC has been the subject of a number of research reports. Loop Capital upped their target price on shares of Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. UBS Group lifted their target price on Genuine Parts from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Truist Financial upped their price objective on shares of Genuine Parts from $137.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Genuine Parts in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted 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. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Genuine Parts presently has a consensus rating of “Hold” and a consensus target price of $138.86.

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.