Peapack Gladstone Financial Corp raised its position in Genuine Parts Company (NYSE:GPC – Free Report) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,043 shares of the specialty retailer’s stock after purchasing an additional 5,108 shares during the quarter. Peapack Gladstone Financial Corp owned 0.10% of Genuine Parts worth $17,712,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of GPC. Norges Bank purchased a new position in shares of Genuine Parts in the 4th quarter worth about $293,471,000. Baupost Group LLC MA purchased a new position in shares of Genuine Parts in the 3rd quarter worth about $193,347,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Genuine Parts by 7,774.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock worth $151,854,000 after purchasing an additional 1,219,300 shares during the period. Interval Partners LP grew its stake in shares of Genuine Parts by 422.5% in the third quarter. Interval Partners LP now owns 932,596 shares of the specialty retailer’s stock valued at $129,258,000 after buying an additional 754,117 shares in the last quarter. Finally, Junto Capital Management LP acquired a new stake in shares of Genuine Parts in the third quarter valued at about $65,551,000. 78.83% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Genuine Parts
In related news, insider James F. Howe sold 415 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total transaction of $43,296.95. Following the completion of the transaction, the insider owned 25,589 shares in the company, valued at $2,669,700.37. The trade was a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
View Our Latest Research Report on Genuine Parts
Genuine Parts Price Performance
GPC stock opened at $98.55 on Monday. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $13.56 billion, a PE ratio of 229.19 and a beta of 0.67. The stock’s 50 day moving average is $103.65 and its two-hundred day moving average is $119.29.
Genuine Parts (NYSE:GPC – Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the business earned $1.75 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts predict that Genuine Parts Company will post 7.65 earnings per share for the current fiscal year.
Genuine Parts Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $1.0625 per share. The ex-dividend date is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a yield of 4.3%. Genuine Parts’s payout ratio is currently 988.37%.
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.
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