HBW Advisory Services LLC Sells 7,012 Shares of Genuine Parts Company $GPC

HBW Advisory Services LLC lessened its holdings in Genuine Parts Company (NYSE:GPC) by 37.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,893 shares of the specialty retailer’s stock after selling 7,012 shares during the period. HBW Advisory Services LLC’s holdings in Genuine Parts were worth $1,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. U.S. Capital Wealth Advisors LLC lifted its stake in shares of Genuine Parts by 2.3% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 92,306 shares of the specialty retailer’s stock worth $11,350,000 after purchasing an additional 2,096 shares during the period. Carnegie Investment Counsel bought a new position in shares of Genuine Parts in the 4th quarter worth approximately $257,000. Telos Capital Management Inc. lifted its stake in shares of Genuine Parts by 2.7% in the 4th quarter. Telos Capital Management Inc. now owns 43,034 shares of the specialty retailer’s stock worth $5,291,000 after purchasing an additional 1,125 shares during the period. DDD Partners LLC lifted its stake in shares of Genuine Parts by 0.5% in the 4th quarter. DDD Partners LLC now owns 137,233 shares of the specialty retailer’s stock worth $16,874,000 after purchasing an additional 684 shares during the period. Finally, V Square Quantitative Management LLC bought a new position in shares of Genuine Parts in the 4th quarter worth approximately $686,000. Institutional investors own 78.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Raymond James Financial upgraded shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th. Evercore set a $160.00 price objective on shares of Genuine Parts in a research note on Friday, February 20th. Truist Financial set a $127.00 price objective on shares of Genuine Parts and gave the stock a “hold” rating in a research note on Wednesday, February 18th. Finally, UBS Group lowered their price objective on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.57.

Genuine Parts Trading Up 2.1%

Genuine Parts stock opened at $109.75 on Tuesday. The firm has a 50 day moving average of $117.06 and a 200 day moving average of $125.80. The firm has a market capitalization of $15.27 billion, a price-to-earnings ratio of 238.58 and a beta of 0.76. Genuine Parts Company has a 12-month low of $96.08 and a 12-month high of $151.57. The company has a current ratio of 1.08, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79.

Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.24). The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.06 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.27%.The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.61 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, research analysts predict that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were issued a $1.0625 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $4.25 annualized dividend and a yield of 3.9%. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.03. Genuine Parts’s payout ratio is currently 923.91%.

Genuine Parts Company 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.