Patriot Financial Group Insurance Agency LLC increased its position in shares of Genuine Parts Company (NYSE:GPC – Free Report) by 110.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,776 shares of the specialty retailer’s stock after purchasing an additional 6,700 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Genuine Parts were worth $1,351,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of GPC. Olistico Wealth LLC purchased a new stake in shares of Genuine Parts in the 4th quarter valued at approximately $25,000. Strive Financial Group LLC acquired a new stake in shares of Genuine Parts during the 4th quarter worth approximately $25,000. Community Bank N.A. purchased a new stake in shares of Genuine Parts during the 3rd quarter valued at approximately $27,000. WPG Advisers LLC raised 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 buying an additional 164 shares during the period. Finally, Motiv8 Investments LLC acquired a new position in Genuine Parts in the fourth quarter valued at approximately $31,000. 78.83% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on GPC shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. UBS Group decreased their price target on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Truist Financial lowered their price target on Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. DA Davidson initiated coverage on Genuine Parts in a research report on Tuesday, June 16th. They set a “strong-buy” rating and a $145.00 price objective for the company. Finally, Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.88.
Insider Transactions at Genuine Parts
In related news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction that occurred 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 completion of the transaction, the insider owned 25,589 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by corporate insiders.
Genuine Parts Trading Up 0.7%
NYSE:GPC opened at $116.88 on Tuesday. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. The firm has a market cap of $16.09 billion, a PE ratio of 271.82 and a beta of 0.67. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $103.39 and a 200 day moving average price of $115.81.
Genuine Parts (NYSE:GPC – Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.02. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.17 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.Genuine Parts’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts anticipate that Genuine Parts Company will post 7.69 earnings per share for the current fiscal year.
Genuine Parts Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a $1.0625 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.25 annualized dividend and a yield of 3.6%. Genuine Parts’s dividend payout ratio (DPR) is 988.37%.
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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