Linden Thomas Advisory Services LLC Raises Stock Position in Genuine Parts Company $GPC

Linden Thomas Advisory Services LLC increased its stake in Genuine Parts Company (NYSE:GPC) by 7.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,554 shares of the specialty retailer’s stock after acquiring an additional 968 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Genuine Parts were worth $1,766,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GPC. GAMMA Investing LLC increased its holdings in Genuine Parts by 70.3% in the 1st quarter. GAMMA Investing LLC now owns 3,998 shares of the specialty retailer’s stock worth $476,000 after acquiring an additional 1,651 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Genuine Parts by 2.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,410 shares of the specialty retailer’s stock worth $3,027,000 after acquiring an additional 725 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Genuine Parts by 6.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 61,297 shares of the specialty retailer’s stock worth $7,303,000 after acquiring an additional 3,567 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in Genuine Parts by 7,950.0% in the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 318 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its holdings in Genuine Parts by 4.3% in the 1st quarter. Perigon Wealth Management LLC now owns 4,125 shares of the specialty retailer’s stock worth $491,000 after acquiring an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Price Performance

Genuine Parts stock opened at $130.93 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.14 and a debt-to-equity ratio of 0.78. Genuine Parts Company has a 52-week low of $104.01 and a 52-week high of $143.48. The company has a fifty day simple moving average of $137.16 and a 200-day simple moving average of $128.57. The firm 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 announced its quarterly earnings data on Tuesday, October 21st. The specialty retailer reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.04). Genuine Parts had a net margin of 3.36% and a return on equity of 22.57%. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same period in the prior year, the company posted $1.88 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were issued a $1.03 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.1%. Genuine Parts’s dividend payout ratio is currently 70.91%.

Insider Activity

In related news, EVP Naveen Krishna sold 5,303 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were 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 owned 26,112 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on GPC. UBS Group boosted their price target on shares of Genuine Parts from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Loop Capital upped their target price on shares of Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Genuine Parts from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday. Truist Financial upped their target price on shares of Genuine Parts from $143.00 to $146.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Evercore ISI upped their target price on shares of Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned 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.

About Genuine Parts

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.