Genuine Parts Company $GPC Shares Bought by HORAN Wealth LLC

HORAN Wealth LLC grew its position in Genuine Parts Company (NYSE:GPC) by 102.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,472 shares of the specialty retailer’s stock after purchasing an additional 33,645 shares during the quarter. HORAN Wealth LLC’s holdings in Genuine Parts were worth $7,112,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GPC. Dimensional Fund Advisors LP grew its stake in Genuine Parts by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,055,496 shares of the specialty retailer’s stock worth $217,354,000 after buying an additional 180,485 shares during the last quarter. KBC Group NV raised its stake in Genuine Parts by 125.9% in the first quarter. KBC Group NV now owns 70,923 shares of the specialty retailer’s stock valued at $7,500,000 after buying an additional 39,529 shares during the last quarter. SEB Asset Management AB purchased a new stake in Genuine Parts in the first quarter valued at about $5,158,000. Swiss National Bank boosted its holdings in Genuine Parts by 7.1% in the first quarter. Swiss National Bank now owns 408,200 shares of the specialty retailer’s stock worth $43,167,000 after acquiring an additional 27,100 shares in the last quarter. Finally, Advisortrust Partners LLC boosted its holdings in Genuine Parts by 35.4% in the first quarter. Advisortrust Partners LLC now owns 3,605 shares of the specialty retailer’s stock worth $381,000 after acquiring an additional 942 shares in the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GPC has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. UBS Group decreased their price objective on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. DA Davidson boosted their target price on shares of Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Finally, Truist Financial cut their price target on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Genuine Parts currently has an average rating of “Moderate Buy” and a consensus target price of $144.50.

Insider Buying and Selling

In other news, insider James F. Howe sold 415 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total value of $43,296.95. Following the sale, the insider directly owned 25,589 shares of the company’s stock, valued at $2,669,700.37. This represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.13% of the company’s stock.

Genuine Parts Stock Performance

Shares of GPC opened at $122.41 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09. The stock has a 50-day moving average of $108.58 and a two-hundred day moving average of $115.55. The stock has a market cap of $16.85 billion, a P/E ratio of 284.68 and a beta of 0.63. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the prior year, the firm earned $1.75 earnings per share. Genuine Parts’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, research analysts predict that Genuine Parts Company will post 7.69 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a dividend of $1.0625 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a yield of 3.5%. Genuine Parts’s dividend payout ratio (DPR) is currently 988.37%.

About Genuine Parts

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.