BNP Paribas Financial Markets boosted its holdings in shares of Genuine Parts Company (NYSE:GPC – Free Report) by 11.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 316,407 shares of the specialty retailer’s stock after buying an additional 32,074 shares during the quarter. BNP Paribas Financial Markets’ holdings in Genuine Parts were worth $38,905,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Olistico Wealth LLC acquired a new stake in Genuine Parts during the 4th quarter worth approximately $25,000. Community Bank N.A. acquired a new stake in shares of Genuine Parts in the 3rd quarter valued at $27,000. WPG Advisers LLC raised its holdings in shares of Genuine Parts by 213.0% in the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 164 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of Genuine Parts in the 4th quarter valued at $32,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Genuine Parts in the 4th quarter valued at $33,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Genuine Parts
In related news, insider James F. Howe sold 415 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total value of $43,296.95. Following the transaction, the insider directly owned 25,589 shares of the company’s stock, valued at $2,669,700.37. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by company insiders.
Genuine Parts Trading Down 1.0%
Genuine Parts (NYSE:GPC – Get Free Report) last posted its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.02. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.17 billion. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts expect that Genuine Parts Company will post 7.65 earnings per share for the current fiscal year.
Genuine Parts Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, June 5th. Genuine Parts’s dividend payout ratio (DPR) is 988.37%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on GPC. UBS Group reduced their price objective on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Truist Financial reduced their price objective on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Evercore set a $160.00 price objective on shares of Genuine Parts in a report on Friday, February 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. Finally, Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.71.
Get Our Latest Stock Analysis on GPC
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.
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