NBT Bank N A NY Has $189,000 Stock Holdings in Genuine Parts Company $GPC

NBT Bank N A NY lowered its position in shares of Genuine Parts Company (NYSE:GPC) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,556 shares of the specialty retailer’s stock after selling 114 shares during the quarter. NBT Bank N A NY’s holdings in Genuine Parts were worth $189,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its holdings in shares of Genuine Parts by 3.0% during the 1st quarter. Park Avenue Securities LLC now owns 6,140 shares of the specialty retailer’s stock worth $732,000 after buying an additional 179 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Genuine Parts by 59.1% during the 1st quarter. Farther Finance Advisors LLC now owns 4,282 shares of the specialty retailer’s stock worth $507,000 after buying an additional 1,590 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in shares of Genuine Parts by 10.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 14,733 shares of the specialty retailer’s stock worth $1,755,000 after buying an additional 1,450 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Genuine Parts by 70.3% during the 1st quarter. GAMMA Investing LLC now owns 3,998 shares of the specialty retailer’s stock worth $476,000 after buying an additional 1,651 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Genuine Parts by 520.1% in the 1st quarter. SG Americas Securities LLC now owns 24,331 shares of the specialty retailer’s stock valued at $2,899,000 after purchasing an additional 20,407 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Price Performance

GPC stock opened at $131.40 on Friday. The firm has a market cap of $18.28 billion, a price-to-earnings ratio of 22.62 and a beta of 0.77. The company has a quick ratio of 0.51, a current ratio of 1.14 and a debt-to-equity ratio of 0.79. Genuine Parts Company has a 12-month low of $104.01 and a 12-month high of $144.29. The company’s fifty day simple moving average is $137.48 and its 200 day simple moving average is $127.20.

Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.02. The business 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%. Genuine Parts’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.44 earnings per share. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. On average, analysts expect that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Dividend Announcement

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

Wall Street Analysts Forecast Growth

GPC has been the subject of a number of recent research reports. Loop Capital boosted their price objective on shares of Genuine Parts from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, July 24th. 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genuine Parts in a report on Wednesday. Evercore ISI upped their price target 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. Finally, UBS Group upped their price objective on shares of Genuine Parts from $125.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $138.14.

Insider Buying and Selling

In other Genuine Parts news, EVP Naveen Krishna sold 5,303 shares of the firm’s stock in a transaction on 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 directly owned 26,112 shares in the company, valued at approximately $3,606,589.44. This trade represents a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.42% of the company’s stock.

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.