Oregon Public Employees Retirement Fund Purchases 3,942 Shares of Genuine Parts Company $GPC

Oregon Public Employees Retirement Fund lifted its position in shares of Genuine Parts Company (NYSE:GPC) by 33.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,900 shares of the specialty retailer’s stock after buying an additional 3,942 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Genuine Parts were worth $2,204,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Quadcap Wealth Management LLC grew its position in Genuine Parts by 1.4% during the second quarter. Quadcap Wealth Management LLC now owns 5,578 shares of the specialty retailer’s stock valued at $677,000 after acquiring an additional 75 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Genuine Parts by 12.2% in the 2nd quarter. Penserra Capital Management LLC now owns 747 shares of the specialty retailer’s stock worth $90,000 after acquiring an additional 81 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in shares of Genuine Parts by 3.3% in the 2nd quarter. Avidian Wealth Enterprises LLC now owns 2,577 shares of the specialty retailer’s stock worth $313,000 after acquiring an additional 82 shares during the last quarter. Diversified Trust Co boosted its stake in shares of Genuine Parts by 1.8% in the 2nd quarter. Diversified Trust Co now owns 4,636 shares of the specialty retailer’s stock valued at $562,000 after purchasing an additional 83 shares in the last quarter. Finally, Brown Lisle Cummings Inc. grew its holdings in shares of Genuine Parts by 5.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 1,541 shares of the specialty retailer’s stock valued at $187,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Performance

Shares of NYSE:GPC opened at $129.26 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.51 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $127.03 and a 200-day moving average price of $131.23. The company has a market cap of $17.98 billion, a price-to-earnings ratio of 22.25 and a beta of 0.75. Genuine Parts Company has a 12 month low of $104.01 and a 12 month high of $143.48.

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

Genuine Parts Announces Dividend

The firm also recently announced 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. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, December 5th. Genuine Parts’s dividend payout ratio is currently 70.91%.

Analyst Ratings Changes

GPC has been the subject of several recent research reports. Truist Financial boosted their price target 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, December 29th. Evercore ISI boosted their target price on Genuine Parts from $148.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. increased their target price on Genuine Parts from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Finally, The Goldman Sachs Group upgraded Genuine Parts from a “sell” rating to a “neutral” rating and raised their price target for the stock from $130.00 to $142.00 in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus 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.