Consolidated Planning Corp Trims Stake in Genuine Parts Company $GPC

Consolidated Planning Corp lowered its stake in Genuine Parts Company (NYSE:GPC) by 3.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,069 shares of the specialty retailer’s stock after selling 240 shares during the quarter. Consolidated Planning Corp’s holdings in Genuine Parts were worth $736,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in Genuine Parts by 276.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,352,772 shares of the specialty retailer’s stock valued at $399,449,000 after buying an additional 2,461,497 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Genuine Parts by 4.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,009,583 shares of the specialty retailer’s stock valued at $358,387,000 after buying an additional 119,653 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Genuine Parts by 22.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,752,845 shares of the specialty retailer’s stock worth $327,974,000 after purchasing an additional 498,469 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Genuine Parts by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,777,990 shares of the specialty retailer’s stock worth $211,816,000 after purchasing an additional 79,253 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Genuine Parts by 3.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,427,507 shares of the specialty retailer’s stock worth $170,073,000 after purchasing an additional 48,139 shares during the period. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Insider Transactions at Genuine Parts

In related news, EVP Naveen Krishna sold 5,303 shares of the stock in a transaction on Friday, September 26th. The stock was sold at an average price of $138.12, for a total value of $732,450.36. Following the completion of the sale, the executive vice president directly owned 26,112 shares in the company, valued at approximately $3,606,589.44. This represents a 16.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Truist Financial increased their price target on Genuine Parts from $137.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target on Genuine Parts from $134.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Loop Capital increased their price target on Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Evercore ISI increased their price target on Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, UBS Group increased their price target on Genuine Parts from $125.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Genuine Parts has a consensus rating of “Moderate Buy” and a consensus price target of $138.14.

Genuine Parts Trading Up 1.6%

Shares of GPC opened at $140.42 on Friday. 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 firm has a market capitalization of $19.53 billion, a P/E ratio of 24.17 and a beta of 0.77. The stock’s fifty day simple moving average is $137.11 and its 200 day simple moving average is $126.72. Genuine Parts Company has a twelve month low of $104.01 and a twelve month high of $144.29.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.02. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.10 billion. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $2.44 EPS. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. On average, equities research analysts forecast that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, September 5th. Genuine Parts’s dividend payout ratio is currently 70.91%.

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.