Fiduciary Financial Group LLC Buys 187 Shares of Genuine Parts Company $GPC

Fiduciary Financial Group LLC increased its stake in Genuine Parts Company (NYSE:GPC) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,752 shares of the specialty retailer’s stock after buying an additional 187 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Genuine Parts were worth $345,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Rossby Financial LCC bought a new position in shares of Genuine Parts in the 1st quarter valued at about $25,000. Olde Wealth Management LLC acquired a new stake in Genuine Parts in the 1st quarter valued at about $27,000. North Capital Inc. bought a new position in Genuine Parts during the first quarter worth about $28,000. Investors Research Corp increased its position in Genuine Parts by 75.3% during the first quarter. Investors Research Corp now owns 291 shares of the specialty retailer’s stock worth $35,000 after buying an additional 125 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its stake 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 during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Price Performance

NYSE:GPC opened at $141.36 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 1.14. The firm has a market cap of $19.66 billion, a price-to-earnings ratio of 24.33 and a beta of 0.75. Genuine Parts Company has a 52 week low of $104.01 and a 52 week high of $144.29. The firm’s 50-day simple moving average is $133.70 and its 200 day simple moving average is $125.32.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 EPS for the quarter, topping the consensus estimate of $2.08 by $0.02. Genuine Parts had a net margin of 3.40% and a return on equity of 22.41%. The company had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.10 billion. During the same period last year, the firm earned $2.44 earnings per share. 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. As a group, sell-side analysts predict that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Loop Capital boosted their target price on Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. UBS Group upped their price objective 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. JPMorgan Chase & Co. raised their target price 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. Truist Financial lifted their target price 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. Finally, Evercore ISI increased their price target on shares of Genuine Parts from $145.00 to $148.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.