Genuine Parts Company $GPC Shares Bought by Blake Schutter Theil Wealth Advisors LLC

Blake Schutter Theil Wealth Advisors LLC increased its holdings in Genuine Parts Company (NYSE:GPC) by 24.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,978 shares of the specialty retailer’s stock after purchasing an additional 581 shares during the period. Blake Schutter Theil Wealth Advisors LLC’s holdings in Genuine Parts were worth $361,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Avidian Wealth Enterprises LLC grew its position in shares of Genuine Parts by 3.3% in the second quarter. Avidian Wealth Enterprises LLC now owns 2,577 shares of the specialty retailer’s stock valued at $313,000 after purchasing an additional 82 shares during the period. Diversified Trust Co grew its position in shares of Genuine Parts by 1.8% in the second quarter. Diversified Trust Co now owns 4,636 shares of the specialty retailer’s stock valued at $562,000 after purchasing an additional 83 shares during the period. Brown Lisle Cummings Inc. grew its position in shares of Genuine Parts by 5.7% in the second quarter. Brown Lisle Cummings Inc. now owns 1,541 shares of the specialty retailer’s stock valued at $187,000 after purchasing an additional 83 shares during the period. Oak Asset Management LLC grew its position in shares of Genuine Parts by 0.6% in the second quarter. Oak Asset Management LLC now owns 13,462 shares of the specialty retailer’s stock valued at $1,633,000 after purchasing an additional 85 shares during the period. Finally, Horizon Investments LLC grew its position in shares of Genuine Parts by 4.8% in the first quarter. Horizon Investments LLC now owns 1,996 shares of the specialty retailer’s stock valued at $238,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Price Performance

Shares of NYSE GPC opened at $130.93 on Friday. Genuine Parts Company has a 1-year low of $104.01 and a 1-year high of $143.48. The business has a 50-day moving average of $137.16 and a 200-day moving average of $128.57. 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 company has a market capitalization of $18.21 billion, a price-to-earnings ratio of 22.53 and a beta of 0.77.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, October 21st. The specialty retailer reported $1.98 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $6.12 billion. During the same period in the previous year, the company earned $1.88 EPS. Genuine Parts’s quarterly revenue was up 4.9% on a year-over-year basis. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. On average, equities analysts anticipate that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Announces Dividend

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

Insider Buying and Selling at Genuine Parts

In related news, EVP Naveen Krishna sold 5,303 shares of the business’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $138.12, for a total value of $732,450.36. Following the transaction, the executive vice president owned 26,112 shares in the company, valued at approximately $3,606,589.44. The trade was a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.42% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on GPC. Truist Financial boosted their price target on Genuine Parts from $143.00 to $146.00 and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on Genuine Parts from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday. Loop Capital boosted their price target on Genuine Parts from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Genuine Parts in a research report on Saturday. Finally, Evercore ISI boosted their price target on Genuine Parts from $148.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Genuine Parts presently has an average rating of “Moderate Buy” and an average price target of $143.33.

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.