Baupost Group LLC MA boosted its holdings in Genuine Parts Company (NYSE:GPC – Free Report) by 6.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,486,088 shares of the specialty retailer’s stock after acquiring an additional 91,088 shares during the period. Genuine Parts makes up about 3.5% of Baupost Group LLC MA’s investment portfolio, making the stock its 13th largest holding. Baupost Group LLC MA’s holdings in Genuine Parts were worth $182,729,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of GPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Genuine Parts by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock worth $2,111,000 after purchasing an additional 671 shares during the last quarter. Woodline Partners LP boosted its position in Genuine Parts by 40.7% in the first quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock worth $1,399,000 after purchasing an additional 3,396 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Genuine Parts by 15.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer’s stock worth $122,000 after purchasing an additional 137 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Genuine Parts by 5.6% in the second quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer’s stock worth $3,027,000 after purchasing an additional 1,323 shares during the last quarter. Finally, AXA S.A. boosted its position in Genuine Parts by 37.2% in the second quarter. AXA S.A. now owns 51,292 shares of the specialty retailer’s stock worth $6,222,000 after purchasing an additional 13,898 shares during the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on GPC shares. UBS Group cut their price objective on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Evercore set a $160.00 price target on Genuine Parts in a research report on Friday, February 20th. Raymond James Financial raised Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price target on the stock in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Friday, March 27th. Finally, Truist Financial dropped their price target on Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Genuine Parts has an average rating of “Moderate Buy” and a consensus price target of $143.71.
Genuine Parts Stock Up 1.4%
Shares of NYSE GPC opened at $103.69 on Friday. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 0.48. The business’s fifty day moving average price is $102.90 and its 200-day moving average price is $117.42. The stock has a market capitalization of $14.27 billion, a PE ratio of 241.14 and a beta of 0.66.
Genuine Parts (NYSE:GPC – Get Free Report) last issued its quarterly 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 analysts’ expectations of $6.17 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities research analysts anticipate that Genuine Parts Company will post 7.67 EPS for the current 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 issued a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a yield of 4.1%. Genuine Parts’s dividend payout ratio is 988.37%.
Insider Transactions at Genuine Parts
In related news, insider James F. Howe sold 415 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total transaction of $43,296.95. Following the sale, the insider owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. This represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.13% of the company’s stock.
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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