Genuine Parts Company $GPC Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its stake in Genuine Parts Company (NYSE:GPCFree Report) by 12.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,362 shares of the specialty retailer’s stock after selling 11,503 shares during the period. PNC Financial Services Group Inc. owned 0.06% of Genuine Parts worth $8,604,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GPC. United Asset Strategies Inc. lifted its stake in shares of Genuine Parts by 1.6% in the 4th quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock worth $552,000 after acquiring an additional 72 shares during the period. J2 Capital Management Inc increased its stake in shares of Genuine Parts by 1.9% during the fourth quarter. J2 Capital Management Inc now owns 4,136 shares of the specialty retailer’s stock valued at $509,000 after acquiring an additional 79 shares during the period. Capital Investment Advisors LLC raised its holdings in Genuine Parts by 0.6% during the fourth quarter. Capital Investment Advisors LLC now owns 14,173 shares of the specialty retailer’s stock worth $1,743,000 after purchasing an additional 83 shares in the last quarter. IHT Wealth Management LLC raised its holdings in 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 purchasing an additional 83 shares in the last quarter. Finally, Oakworth Capital Inc. lifted its position in Genuine Parts by 1.9% in the fourth quarter. Oakworth Capital Inc. now owns 4,680 shares of the specialty retailer’s stock worth $575,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Trading Down 0.0%

Shares of NYSE:GPC opened at $124.20 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. The stock has a market capitalization of $17.12 billion, a price-to-earnings ratio of 496.80 and a beta of 0.63. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The company has a 50 day moving average price of $110.48 and a 200 day moving average price of $115.49.

Genuine Parts (NYSE:GPCGet Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.07. The company had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, research analysts anticipate that Genuine Parts Company will post 7.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on GPC. Raymond James Financial reaffirmed a “strong-buy” rating and set a $165.00 price target on shares of Genuine Parts in a research note on Wednesday. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. UBS Group reaffirmed a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a report on Wednesday. Finally, Truist Financial boosted their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Genuine Parts presently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

Read Our Latest Analysis on Genuine Parts

Insider Activity

In other news, insider James F. Howe sold 415 shares of the business’s 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 sale, the insider directly owned 25,589 shares of the company’s stock, valued at $2,669,700.37. The trade was 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 available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by company insiders.

About Genuine Parts

(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.

See Also

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

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