Pathway Financial Advisers LLC Has $247,000 Position in Genuine Parts Company $GPC

Pathway Financial Advisers LLC lessened its holdings in Genuine Parts Company (NYSE:GPCFree Report) by 76.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,333 shares of the specialty retailer’s stock after selling 7,676 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Genuine Parts were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. United Asset Strategies Inc. lifted its holdings in Genuine Parts by 1.6% during the 4th quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock worth $552,000 after buying an additional 72 shares during the period. J2 Capital Management Inc grew its position in shares of Genuine Parts by 1.9% in the 4th quarter. J2 Capital Management Inc now owns 4,136 shares of the specialty retailer’s stock valued at $509,000 after buying an additional 79 shares during the last quarter. Capital Investment Advisors LLC increased its stake in shares of Genuine Parts by 0.6% in the fourth quarter. Capital Investment Advisors LLC now owns 14,173 shares of the specialty retailer’s stock valued at $1,743,000 after buying an additional 83 shares during the period. IHT Wealth Management LLC raised its position in shares of Genuine Parts by 1.8% during the fourth quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock worth $571,000 after acquiring an additional 83 shares during the last quarter. Finally, Matrix Trust Co raised its position in shares of Genuine Parts by 27.6% during the fourth quarter. Matrix Trust Co now owns 393 shares of the specialty retailer’s stock worth $48,000 after acquiring an additional 85 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Price Performance

Shares of NYSE GPC opened at $118.04 on Wednesday. The stock has a market cap of $16.24 billion, a price-to-earnings ratio of 274.50 and a beta of 0.66. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The firm’s 50-day simple moving average is $103.47 and its 200 day simple moving average is $115.72.

Genuine Parts (NYSE:GPCGet Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.02. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the firm earned $1.75 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, research analysts anticipate that Genuine Parts Company will post 7.69 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a dividend of $1.0625 per share. The ex-dividend date is Friday, June 5th. This represents a $4.25 annualized dividend and a dividend yield of 3.6%. Genuine Parts’s dividend payout ratio (DPR) is presently 988.37%.

Insider Activity

In other Genuine Parts news, insider James F. Howe sold 415 shares of the stock in a transaction 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 directly owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. DA Davidson began coverage on shares of Genuine Parts in a research note on Tuesday, June 16th. They set a “strong-buy” rating and a $145.00 target price for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Truist Financial dropped their target price 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. Finally, UBS Group cut their price target on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.88.

Check Out Our Latest Analysis on Genuine Parts

Genuine Parts Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Genuine Parts (NYSE:GPC)

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