Livforsakringsbolaget Skandia Omsesidigt Sells 7,570 Shares of Genuine Parts Company $GPC

by · The Cerbat Gem

Livforsakringsbolaget Skandia Omsesidigt cut its holdings in Genuine Parts Company (NYSE:GPC – Free Report) by 82.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,654 shares of the specialty retailer’s stock after selling 7,570 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Genuine Parts were worth $202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rossby Financial LCC bought a new position in Genuine Parts in the first quarter valued at approximately $25,000. Olde Wealth Management LLC acquired a new position in Genuine Parts during the first quarter valued at approximately $27,000. North Capital Inc. acquired a new position in Genuine Parts during the first quarter valued at approximately $28,000. Investors Research Corp grew its holdings in Genuine Parts by 75.3% during the first quarter. Investors Research Corp now owns 291 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 125 shares during the period. Finally, Golden State Wealth Management LLC grew its holdings in Genuine Parts by 7,950.0% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 318 shares during the period. 78.83% of the stock is owned by institutional investors.

Genuine Parts Stock Performance

Shares of GPC stock opened at $139.58 on Wednesday. The stock has a market cap of $19.41 billion, a P/E ratio of 24.02 and a beta of 0.75. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.14 and a quick ratio of 0.51. The company has a fifty day moving average price of $134.24 and a two-hundred day moving average price of $125.53. Genuine Parts Company has a one year low of $104.01 and a one year high of $144.29.

Genuine Parts (NYSE:GPC – Get Free Report) last posted its earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 22.41% and a net margin of 3.40%.The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.44 EPS. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. As a group, equities analysts predict that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, September 5th. Genuine Parts’s dividend payout ratio (DPR) is currently 70.91%.

Analyst Ratings Changes

GPC has been the subject of a number of analyst reports. Evercore ISI boosted their price objective on shares of Genuine Parts from $145.00 to $148.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. 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. UBS Group increased 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. Truist Financial increased their price objective on shares of Genuine Parts from $137.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Genuine Parts from $134.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $137.86.

Read Our Latest Analysis on Genuine Parts

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.

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