Sanctuary Advisors LLC Increases Stock Holdings in Genuine Parts (NYSE:GPC)

23 Feb 2025, 04:53 by Doug Wharley · The Cerbat Gem

Sanctuary Advisors LLC boosted its stake in Genuine Parts (NYSE:GPC – Free Report) by 19.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,483 shares of the specialty retailer’s stock after buying an additional 4,334 shares during the quarter. Sanctuary Advisors LLC’s holdings in Genuine Parts were worth $3,129,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Private Advisor Group LLC lifted its position in shares of Genuine Parts by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 25,418 shares of the specialty retailer’s stock worth $3,550,000 after buying an additional 799 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Genuine Parts by 14,222.1% during the third quarter. International Assets Investment Management LLC now owns 584,342 shares of the specialty retailer’s stock valued at $81,621,000 after acquiring an additional 580,262 shares during the last quarter. Brighton Jones LLC lifted its holdings in Genuine Parts by 7.1% during the third quarter. Brighton Jones LLC now owns 2,531 shares of the specialty retailer’s stock worth $354,000 after acquiring an additional 167 shares during the period. IFM Investors Pty Ltd grew its stake in Genuine Parts by 4.0% in the 3rd quarter. IFM Investors Pty Ltd now owns 29,902 shares of the specialty retailer’s stock valued at $4,177,000 after purchasing an additional 1,144 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Genuine Parts by 8.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,627 shares of the specialty retailer’s stock valued at $646,000 after purchasing an additional 361 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors.

Insider Activity at Genuine Parts

In related news, Director Wendy B. Needham sold 1,608 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $120.78, for a total value of $194,214.24. Following the sale, the director now owns 11,357 shares in the company, valued at approximately $1,371,698.46. This trade represents a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GPC. Truist Financial boosted their price target on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a report on Wednesday. Evercore ISI dropped their target price on shares of Genuine Parts from $128.00 to $125.00 and set an “in-line” rating on the stock in a research note on Wednesday. Redburn Atlantic upgraded shares of Genuine Parts to a “hold” rating in a research note on Monday, November 11th. Northcoast Research downgraded Genuine Parts from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Finally, Loop Capital assumed coverage on Genuine Parts in a report on Thursday, January 16th. They set a “buy” rating and a $155.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $137.63.

View Our Latest Stock Report on GPC

Genuine Parts Trading Down 1.3 %

NYSE:GPC opened at $121.68 on Friday. Genuine Parts has a 1 year low of $112.74 and a 1 year high of $164.45. The stock’s fifty day moving average price is $118.29 and its two-hundred day moving average price is $127.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 0.57. The company has a market cap of $16.92 billion, a P/E ratio of 18.81 and a beta of 0.94.

Genuine Parts (NYSE:GPC – Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.07. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. The company had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same period in the previous year, the company posted $2.26 EPS. As a group, analysts expect that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a $1.03 dividend. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Friday, March 7th. Genuine Parts’s dividend payout ratio (DPR) is 63.68%.

About Genuine Parts

(Free Report)

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.