Staley Capital Advisers Inc. purchased a new position in Genuine Parts Company (NYSE:GPC – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,500 shares of the specialty retailer’s stock, valued at approximately $1,322,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Genuine Parts during the fourth quarter valued at $293,471,000. Baupost Group LLC MA purchased a new stake in shares of Genuine Parts in the third quarter worth $193,347,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Genuine Parts by 7,774.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock worth $151,854,000 after acquiring an additional 1,219,300 shares during the last quarter. Interval Partners LP increased its holdings in shares of Genuine Parts by 422.5% during the third quarter. Interval Partners LP now owns 932,596 shares of the specialty retailer’s stock valued at $129,258,000 after acquiring an additional 754,117 shares in the last quarter. Finally, Junto Capital Management LP bought a new position in shares of Genuine Parts during the third quarter valued at $65,551,000. Institutional investors own 78.83% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on GPC shares. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Truist Financial cut their price objective on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. DA Davidson lifted their target price on shares of Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Finally, UBS Group dropped their target price on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.50.
Genuine Parts Trading Down 3.0%
Genuine Parts stock opened at $124.75 on Thursday. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57. The business’s fifty day moving average is $105.52 and its 200 day moving average is $115.62. The stock has a market capitalization of $17.17 billion, a PE ratio of 290.13 and a beta of 0.63. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 0.48.
Genuine Parts (NYSE:GPC – Get Free Report) last issued its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.02. The business had revenue of $6.26 billion during 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 was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts predict that Genuine Parts Company will post 7.69 EPS for the current year.
Genuine Parts Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, June 5th. Genuine Parts’s payout ratio is presently 988.37%.
Insiders Place Their Bets
In related news, insider James F. Howe sold 415 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total transaction of $43,296.95. Following the transaction, the insider owned 25,589 shares in the company, valued at $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 available at 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 company insiders.
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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