Klein Pavlis & Peasley Financial Inc. Makes New Investment in Genuine Parts Company $GPC

Klein Pavlis & Peasley Financial Inc. purchased a new position in shares of Genuine Parts Company (NYSE:GPC) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,856 shares of the specialty retailer’s stock, valued at approximately $950,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Genuine Parts in the second quarter valued at about $211,661,000. Federated Hermes Inc. acquired a new position in shares of Genuine Parts during the second quarter valued at about $107,015,000. Assenagon Asset Management S.A. raised its position in shares of Genuine Parts by 377.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 933,418 shares of the specialty retailer’s stock valued at $113,233,000 after purchasing an additional 737,836 shares during the last quarter. Nomura Holdings Inc. boosted its stake in Genuine Parts by 142.1% in the 2nd quarter. Nomura Holdings Inc. now owns 529,330 shares of the specialty retailer’s stock worth $64,213,000 after purchasing an additional 310,715 shares in the last quarter. Finally, Pzena Investment Management LLC grew its position in Genuine Parts by 98.0% during the 2nd quarter. Pzena Investment Management LLC now owns 596,051 shares of the specialty retailer’s stock worth $72,307,000 after purchasing an additional 295,064 shares during the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GPC has been the subject of several research reports. Truist Financial lifted their price objective on shares of Genuine Parts from $143.00 to $146.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. UBS Group raised their target price on Genuine Parts from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. The Goldman Sachs Group upgraded Genuine Parts from a “sell” rating to a “neutral” rating and boosted their price target for the company from $130.00 to $142.00 in a research note on Thursday, November 13th. Evercore ISI raised their price objective on Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Genuine Parts presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

Genuine Parts Stock Performance

NYSE GPC opened at $136.80 on Friday. The firm has a market capitalization of $19.03 billion, a P/E ratio of 23.55 and a beta of 0.75. The stock has a 50-day simple moving average of $127.82 and a two-hundred day simple moving average of $131.47. 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 Company has a fifty-two week low of $104.01 and a fifty-two week high of $143.48.

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

Genuine Parts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. Genuine Parts’s dividend payout ratio is 70.91%.

Genuine Parts Profile

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.