Inceptionr LLC grew its position in Genuine Parts Company (NYSE:GPC – Free Report) by 347.3% during the first quarter, HoldingsChannel reports. The firm owned 7,752 shares of the specialty retailer’s stock after buying an additional 6,019 shares during the quarter. Inceptionr LLC’s holdings in Genuine Parts were worth $820,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the company. Strive Financial Group LLC acquired a new position in Genuine Parts in the 4th quarter valued at $25,000. Olistico Wealth LLC acquired a new position in Genuine Parts during the 4th quarter worth $25,000. WPG Advisers LLC lifted its position in Genuine Parts by 213.0% during the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 164 shares during the last quarter. Motiv8 Investments LLC acquired a new position in Genuine Parts during the 4th quarter worth $31,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Genuine Parts by 6,225.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 249 shares during the period. 78.83% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on GPC shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. DA Davidson boosted their price objective on Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a report on Wednesday. Finally, UBS Group reaffirmed a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a report on Wednesday. One investment 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.00.
Genuine Parts Trading Up 3.5%
Shares of GPC opened at $124.20 on Friday. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. The company has a quick ratio of 0.48, a current ratio of 1.16 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of 496.80 and a beta of 0.63. The stock’s 50-day moving average price is $110.48 and its 200 day moving average price is $115.55.
Genuine Parts (NYSE:GPC – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating the consensus estimate of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The firm had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the prior year, the firm posted $2.10 EPS. The company’s revenue for the quarter 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, research analysts predict that Genuine Parts Company will post 7.69 earnings per share for the current year.
Genuine Parts Dividend Announcement
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 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, June 5th. Genuine Parts’s dividend payout ratio is presently 1,700.00%.
Insider Activity at Genuine Parts
In related news, insider James F. Howe sold 415 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total value of $43,296.95. Following the completion of the transaction, the insider directly owned 25,589 shares in the company, valued at approximately $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 SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.13% of the company’s stock.
About Genuine Parts
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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