Eads & Heald Wealth Management Has $753,000 Stock Holdings in Genuine Parts Company $GPC

Eads & Heald Wealth Management lowered its holdings in shares of Genuine Parts Company (NYSE:GPC) by 10.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,210 shares of the specialty retailer’s stock after selling 696 shares during the period. Eads & Heald Wealth Management’s holdings in Genuine Parts were worth $753,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Rossby Financial LCC acquired a new stake in shares of Genuine Parts in the 1st quarter valued at approximately $25,000. Olde Wealth Management LLC bought a new position in Genuine Parts in the 1st quarter valued at approximately $27,000. North Capital Inc. bought a new position in Genuine Parts in the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC boosted its position in Genuine Parts by 7,950.0% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 318 shares in the last quarter. Finally, Cromwell Holdings LLC grew its stake in shares of Genuine Parts by 49.1% during the second quarter. Cromwell Holdings LLC now owns 346 shares of the specialty retailer’s stock worth $42,000 after buying an additional 114 shares during the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on GPC. Truist Financial increased their target price on Genuine Parts from $137.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of Genuine Parts from $134.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Evercore ISI lifted their target price on shares of Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group boosted their target price on shares of Genuine Parts from $125.00 to $135.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Genuine Parts in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $138.14.

Insider Buying and Selling

In other news, EVP Naveen Krishna sold 5,303 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $3,606,589.44. This represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Genuine Parts Stock Performance

NYSE GPC opened at $139.81 on Monday. The company has a fifty day simple moving average of $137.23 and a 200 day simple moving average of $126.88. Genuine Parts Company has a 12-month low of $104.01 and a 12-month high of $144.29. 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 market cap of $19.45 billion, a P/E ratio of 24.06 and a beta of 0.77.

Genuine Parts (NYSE:GPC) last released 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. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.10 billion. Genuine Parts had a net margin of 3.40% and a return on equity of 22.41%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $2.44 earnings per share. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. Sell-side analysts predict that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were 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 was Friday, September 5th. Genuine Parts’s payout ratio is currently 70.91%.

Genuine Parts 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.