Gabelli Funds LLC Increases Stock Holdings in Genuine Parts Company $GPC

Gabelli Funds LLC raised its position in Genuine Parts Company (NYSE:GPC) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 708,500 shares of the specialty retailer’s stock after acquiring an additional 19,360 shares during the quarter. Gabelli Funds LLC’s holdings in Genuine Parts were worth $87,117,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Passumpsic Savings Bank acquired a new position in Genuine Parts in the 4th quarter valued at about $325,000. North Dakota State Investment Board acquired a new position in Genuine Parts in the 4th quarter valued at about $585,000. Elyxium Wealth LLC acquired a new position in Genuine Parts in the 4th quarter valued at about $33,000. Soltis Investment Advisors LLC grew its position in Genuine Parts by 4.0% in the 4th quarter. Soltis Investment Advisors LLC now owns 49,757 shares of the specialty retailer’s stock valued at $6,118,000 after acquiring an additional 1,913 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan grew its position in Genuine Parts by 32.2% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 3,041 shares of the specialty retailer’s stock valued at $374,000 after acquiring an additional 740 shares in the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GPC has been the subject of several research reports. Raymond James Financial raised Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 target price for the company in a research report on Tuesday, February 24th. Zacks Research downgraded Genuine Parts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 25th. Truist Financial dropped their target price on Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Friday, March 27th. Finally, UBS Group lowered their price objective on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $143.71.

Insider Activity at Genuine Parts

In other news, insider James F. Howe sold 415 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total transaction of $43,296.95. Following the completion of the transaction, the insider directly owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.13% of the company’s stock.

Genuine Parts Stock Performance

Shares of Genuine Parts stock opened at $92.92 on Monday. Genuine Parts Company has a one year low of $92.83 and a one year high of $151.57. The company has a market cap of $12.79 billion, a PE ratio of 216.10 and a beta of 0.70. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09. The business has a 50-day simple moving average of $105.95 and a 200-day simple moving average of $121.38.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the company posted $1.75 earnings per share. The business’s revenue for the quarter 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, equities research analysts forecast that Genuine Parts Company will post 7.65 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.6%. Genuine Parts’s payout ratio is currently 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.