BNP Paribas Financial Markets Has $31.58 Million Holdings in Genuine Parts Company $GPC

BNP Paribas Financial Markets raised its holdings in shares of Genuine Parts Company (NYSE:GPC) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 265,025 shares of the specialty retailer’s stock after buying an additional 1,824 shares during the quarter. BNP Paribas Financial Markets’ holdings in Genuine Parts were worth $31,575,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FORA Capital LLC lifted its holdings in shares of Genuine Parts by 410.9% during the fourth quarter. FORA Capital LLC now owns 26,332 shares of the specialty retailer’s stock worth $3,075,000 after buying an additional 21,178 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new position in shares of Genuine Parts during the first quarter worth approximately $3,344,000. Bayesian Capital Management LP acquired a new position in shares of Genuine Parts during the fourth quarter worth approximately $2,078,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Genuine Parts by 11.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,430 shares of the specialty retailer’s stock worth $2,657,000 after buying an additional 2,290 shares during the last quarter. Finally, United Community Bank lifted its holdings in shares of Genuine Parts by 4,452.1% during the first quarter. United Community Bank now owns 16,251 shares of the specialty retailer’s stock worth $1,936,000 after buying an additional 15,894 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Loop Capital upped their price target on Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on Genuine Parts from $134.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. UBS Group boosted their price objective on Genuine Parts from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Truist Financial boosted their price objective on Genuine Parts from $137.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Evercore ISI boosted their price objective on Genuine Parts from $145.00 to $148.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.86.

Genuine Parts Stock Performance

Shares of NYSE:GPC opened at $139.48 on Tuesday. The business’s fifty day moving average price is $130.78 and its two-hundred day moving average price is $124.28. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week high of $144.44. The stock has a market capitalization of $19.40 billion, a price-to-earnings ratio of 24.01 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.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.The firm had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.10 billion. During the same period in the prior year, the business posted $2.44 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. As a group, analysts predict that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

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

Genuine Parts Company Profile

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.