7,000 Shares in Genuine Parts Company $GPC Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC purchased a new stake in Genuine Parts Company (NYSE:GPC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,000 shares of the specialty retailer’s stock, valued at approximately $970,000.

A number of other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Genuine Parts by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock worth $2,111,000 after purchasing an additional 671 shares during the last quarter. Woodline Partners LP raised its stake in Genuine Parts by 40.7% in the first quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock valued at $1,399,000 after buying an additional 3,396 shares during the period. Parallel Advisors LLC boosted its stake in shares of Genuine Parts by 47.5% during the 2nd quarter. Parallel Advisors LLC now owns 941 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 303 shares during the period. Pallas Capital Advisors LLC bought a new stake in Genuine Parts in the 2nd quarter valued at $315,000. Finally, Focus Financial Network Inc. raised its stake in Genuine Parts by 3.6% in the 2nd quarter. Focus Financial Network Inc. now owns 3,031 shares of the specialty retailer’s stock valued at $371,000 after acquiring an additional 104 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Price Performance

Shares of NYSE GPC opened at $136.80 on Friday. The stock has a market capitalization of $19.03 billion, a PE ratio of 23.55 and a beta of 0.75. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week high of $143.48. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.14 and a quick ratio of 0.51. The business has a fifty day moving average price of $127.82 and a two-hundred day moving average price of $131.51.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, October 21st. The specialty retailer reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.04). Genuine Parts had a return on equity of 22.57% and a net margin of 3.36%.The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the previous year, the business posted $1.88 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. As a group, equities analysts predict that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 5th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, December 5th. Genuine Parts’s payout ratio is currently 70.91%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Truist Financial increased their price objective on shares of Genuine Parts from $143.00 to $146.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. upped their target price on Genuine Parts from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, December 29th. UBS Group increased their price objective on Genuine Parts from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Finally, Evercore ISI upped their price target on shares of Genuine Parts from $148.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Genuine Parts Company Profile

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.