Insider Selling: Genuine Parts (NYSE:GPC) Insider Sells $43,296.95 in Stock

Genuine Parts Company (NYSE:GPC) insider James Howe sold 415 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 25,589 shares of the company’s stock, valued at $2,669,700.37. The trade was a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Genuine Parts Stock Performance

NYSE:GPC opened at $104.77 on Friday. The business has a 50 day moving average of $108.11 and a 200 day moving average of $122.78. The company has a market capitalization of $14.42 billion, a price-to-earnings ratio of 243.65 and a beta of 0.70. Genuine Parts Company has a 1-year low of $96.08 and a 1-year high of $151.57. 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) last announced its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. 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 7.65 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a $1.0625 dividend. The ex-dividend date is Friday, June 5th. This represents a $4.25 annualized dividend and a yield of 4.1%. Genuine Parts’s payout ratio is presently 988.37%.

Institutional Investors Weigh In On Genuine Parts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPC. Olistico Wealth LLC purchased a new stake in Genuine Parts in the fourth quarter worth $25,000. Strive Financial Group LLC bought a new stake in Genuine Parts during the fourth quarter worth about $25,000. Community Bank N.A. bought a new stake in Genuine Parts during the third quarter worth about $27,000. Peoples Financial Services CORP. bought a new stake in Genuine Parts during the third quarter worth about $29,000. Finally, WPG Advisers LLC boosted its stake in Genuine Parts by 213.0% during the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 164 shares in the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on GPC. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th. Raymond James Financial raised Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 target price on the stock in a research note on Tuesday, February 24th. Evercore set a $160.00 target price on Genuine Parts in a research note on Friday, February 20th. Truist Financial reduced their target price on Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Finally, UBS Group reduced their target price 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. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $143.71.

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.