Dimensional Fund Advisors LP lifted its stake in Genuine Parts Company (NYSE:GPC – Free Report) by 9.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,055,496 shares of the specialty retailer’s stock after acquiring an additional 180,485 shares during the period. Dimensional Fund Advisors LP’s holdings in Genuine Parts were worth $217,354,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Genuine Parts by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock worth $2,111,000 after acquiring an additional 671 shares during the last quarter. Woodline Partners LP increased its stake in Genuine Parts by 40.7% in the first quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock valued at $1,399,000 after acquiring an additional 3,396 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Genuine Parts by 15.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer’s stock valued at $122,000 after purchasing an additional 137 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Genuine Parts by 5.6% during the second quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer’s stock worth $3,027,000 after purchasing an additional 1,323 shares during the last quarter. Finally, AXA S.A. boosted its holdings in shares of Genuine Parts by 37.2% in the 2nd quarter. AXA S.A. now owns 51,292 shares of the specialty retailer’s stock worth $6,222,000 after purchasing an additional 13,898 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.
Insider Buying and Selling
In related news, insider James F. Howe sold 415 shares of the company’s stock in a transaction 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 completion of the sale, the insider directly owned 25,589 shares in the company, valued at $2,669,700.37. This represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Genuine Parts
Genuine Parts Trading Down 0.4%
Shares of GPC stock opened at $119.94 on Friday. The business has a 50-day moving average of $109.85 and a 200 day moving average of $115.48. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.48. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The stock has a market capitalization of $16.54 billion, a PE ratio of 479.77 and a beta of 0.63.
Genuine Parts (NYSE:GPC – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The business had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same period in the previous year, the firm earned $2.10 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, sell-side analysts anticipate that Genuine Parts Company will post 7.69 earnings per share for the current year.
Genuine Parts Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, June 5th. Genuine Parts’s payout ratio is presently 1,700.00%.
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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