Sapient Capital LLC Reduces Stock Position in Genuine Parts Company $GPC

Sapient Capital LLC lowered its stake in shares of Genuine Parts Company (NYSE:GPC) by 0.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 66,745 shares of the specialty retailer’s stock after selling 224 shares during the period. Sapient Capital LLC’s holdings in Genuine Parts were worth $8,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Pallas Capital Advisors LLC purchased a new stake in shares of Genuine Parts during the second quarter worth $315,000. StrongBox Wealth LLC increased its holdings in shares of Genuine Parts by 25.7% in the second quarter. StrongBox Wealth LLC now owns 2,399 shares of the specialty retailer’s stock worth $291,000 after purchasing an additional 490 shares during the period. Berkshire Bank increased its holdings in shares of Genuine Parts by 11.7% in the second quarter. Berkshire Bank now owns 2,845 shares of the specialty retailer’s stock worth $345,000 after purchasing an additional 298 shares during the period. Czech National Bank increased its holdings in shares of Genuine Parts by 6.2% in the second quarter. Czech National Bank now owns 33,925 shares of the specialty retailer’s stock worth $4,115,000 after purchasing an additional 1,991 shares during the period. Finally, Davis Investment Partners LLC increased its holdings in shares of Genuine Parts by 30.1% in the second quarter. Davis Investment Partners LLC now owns 7,610 shares of the specialty retailer’s stock worth $954,000 after purchasing an additional 1,760 shares during the period. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Performance

Genuine Parts stock opened at $139.58 on Wednesday. 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 50-day moving average of $134.24 and a 200-day moving average of $125.53. The firm has a market cap of $19.41 billion, a P/E ratio of 24.02 and a beta of 0.75. Genuine Parts Company has a 1-year low of $104.01 and a 1-year high of $144.29.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. The company had revenue of $6.16 billion during 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%. Genuine Parts’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.44 earnings per share. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. Sell-side analysts expect that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be issued a $1.03 dividend. The ex-dividend date is Friday, September 5th. This represents a $4.12 annualized dividend and a yield of 3.0%. Genuine Parts’s dividend payout ratio (DPR) is 70.91%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GPC. Truist Financial upped their price target 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. Evercore ISI upped their price target on shares of Genuine Parts from $145.00 to $148.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. UBS Group upped their price target on shares of Genuine Parts from $125.00 to $135.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price target on shares of Genuine Parts from $134.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, Loop Capital upped their price target 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. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.86.

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.