Genuine Parts Company $GPC Shares Purchased by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC raised its position in Genuine Parts Company (NYSE:GPC) by 7.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,171 shares of the specialty retailer’s stock after purchasing an additional 4,554 shares during the quarter. Genuine Parts comprises approximately 2.2% of Fairvoy Private Wealth LLC’s investment portfolio, making the stock its 13th biggest holding. Fairvoy Private Wealth LLC’s holdings in Genuine Parts were worth $9,449,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC increased its position in Genuine Parts by 1.1% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 90,210 shares of the specialty retailer’s stock valued at $12,503,000 after acquiring an additional 944 shares during the period. Voya Financial Advisors Inc. grew its stake in shares of Genuine Parts by 0.8% in the third quarter. Voya Financial Advisors Inc. now owns 11,160 shares of the specialty retailer’s stock worth $1,554,000 after purchasing an additional 85 shares in the last quarter. Czech National Bank grew its stake in shares of Genuine Parts by 4.1% in the third quarter. Czech National Bank now owns 35,327 shares of the specialty retailer’s stock worth $4,896,000 after purchasing an additional 1,402 shares in the last quarter. Veracity Capital LLC acquired a new position in shares of Genuine Parts during the third quarter valued at $426,000. Finally, Acropolis Investment Management LLC raised its stake in shares of Genuine Parts by 3.2% during the third quarter. Acropolis Investment Management LLC now owns 5,521 shares of the specialty retailer’s stock valued at $765,000 after purchasing an additional 171 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Insider Transactions at Genuine Parts

In other Genuine Parts 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 transaction of $732,450.36. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.42% of the company’s stock.

Genuine Parts Trading Down 0.3%

Genuine Parts stock opened at $125.49 on Friday. The firm has a market cap of $17.46 billion, a price-to-earnings ratio of 21.60 and a beta of 0.74. Genuine Parts Company has a 1 year low of $104.01 and a 1 year high of $143.48. The firm’s 50 day moving average price is $129.05 and its two-hundred day moving average price is $130.80. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.51 and a current ratio of 1.14.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, October 21st. The specialty retailer reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.04). The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.12 billion. Genuine Parts had a net margin of 3.36% and a return on equity of 22.57%. Genuine Parts’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $1.88 EPS. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. On average, research analysts predict that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 5th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $4.12 dividend on an annualized basis and a yield of 3.3%. Genuine Parts’s dividend payout ratio (DPR) is currently 70.91%.

Analysts Set New Price Targets

Several research firms have commented on GPC. UBS Group raised their target price on shares of Genuine Parts from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. The Goldman Sachs Group upgraded shares of Genuine Parts from a “sell” rating to a “neutral” rating and raised their price objective for the company from $130.00 to $142.00 in a research note on Thursday, November 13th. Evercore ISI boosted their target price on Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Truist Financial increased their price target on Genuine Parts from $143.00 to $146.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Finally, JPMorgan Chase & Co. lifted 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, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

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.