Equity Investment Corp Acquires 7,719 Shares of Genuine Parts Company $GPC

Equity Investment Corp grew its holdings in shares of Genuine Parts Company (NYSE:GPCFree Report) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 757,432 shares of the specialty retailer’s stock after acquiring an additional 7,719 shares during the period. Equity Investment Corp’s holdings in Genuine Parts were worth $93,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of GPC. Olistico Wealth LLC bought a new stake in shares of Genuine Parts during the 4th quarter valued at $25,000. Community Bank N.A. bought a new stake in shares of Genuine Parts during the 3rd quarter valued at $27,000. WPG Advisers LLC grew its position in shares of Genuine Parts by 213.0% during the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 164 shares during the period. Lodestone Wealth Management LLC bought a new stake in shares of Genuine Parts during the 4th quarter valued at $32,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Genuine Parts during the 4th quarter valued at $33,000. Institutional investors own 78.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GPC shares. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Raymond James Financial raised shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective for the company in a research report on Tuesday, February 24th. Evercore set a $160.00 target price on shares of Genuine Parts in a report on Friday, February 20th. Truist Financial dropped their target price on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Finally, UBS Group dropped their target price on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. One 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 company’s stock. According to data from MarketBeat, Genuine Parts currently has an average rating of “Moderate Buy” and an average target price of $143.71.

Get Our Latest Stock Analysis on Genuine Parts

Insider Buying and Selling

In other Genuine Parts news, insider James F. Howe sold 415 shares of the business’s 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by insiders.

Genuine Parts Trading Up 3.9%

Shares of Genuine Parts stock opened at $102.27 on Friday. The company has a market capitalization of $14.07 billion, a P/E ratio of 237.84 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. The company has a fifty day moving average of $102.93 and a 200 day moving average of $117.52. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57.

Genuine Parts (NYSE:GPCGet Free Report) last issued its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.02. The company had revenue of $6.26 billion during 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%. Genuine Parts’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior 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 anticipate that Genuine Parts Company will post 7.67 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $1.0625 dividend. The ex-dividend date is Friday, June 5th. This represents a $4.25 annualized dividend and a yield of 4.2%. Genuine Parts’s payout ratio is presently 988.37%.

Genuine Parts 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.

See Also

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

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