Palisade Asset Management LLC Lowers Stake in Genuine Parts Company $GPC

Palisade Asset Management LLC lessened its holdings in shares of Genuine Parts Company (NYSE:GPC) by 23.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,606 shares of the specialty retailer’s stock after selling 5,713 shares during the period. Palisade Asset Management LLC’s holdings in Genuine Parts were worth $2,288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. United Asset Strategies Inc. lifted its holdings in shares of Genuine Parts by 1.6% during the 4th quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock valued at $552,000 after purchasing an additional 72 shares during the last quarter. J2 Capital Management Inc lifted its holdings in shares of Genuine Parts by 1.9% during the 4th quarter. J2 Capital Management Inc now owns 4,136 shares of the specialty retailer’s stock valued at $509,000 after purchasing an additional 79 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Genuine Parts by 0.6% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 14,806 shares of the specialty retailer’s stock valued at $2,052,000 after purchasing an additional 83 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Genuine Parts by 0.6% during the 4th quarter. Capital Investment Advisors LLC now owns 14,173 shares of the specialty retailer’s stock valued at $1,743,000 after purchasing an additional 83 shares during the last quarter. Finally, Matrix Trust Co lifted its holdings in shares of Genuine Parts by 27.6% during the 4th quarter. Matrix Trust Co now owns 393 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GPC. UBS Group decreased their price objective on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Raymond James Financial upgraded Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective for the company in a report on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. Finally, Truist Financial decreased their price objective on Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. 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. Based on data from MarketBeat.com, Genuine Parts presently has a consensus rating of “Moderate Buy” and an average target price of $143.71.

Insider Transactions at Genuine Parts

In related news, insider James F. Howe sold 415 shares of the firm’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 owned 25,589 shares in the company, valued at $2,669,700.37. This trade represents a 1.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by company insiders.

Genuine Parts Stock Performance

Shares of GPC stock opened at $103.69 on Monday. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 241.14 and a beta of 0.67. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 0.48. The business has a fifty day moving average of $102.90 and a 200 day moving average of $117.36. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.02. The company 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%.The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, research analysts expect that Genuine Parts Company will post 7.67 earnings per share for the current year.

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a $1.0625 dividend. The ex-dividend date is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a yield of 4.1%. Genuine Parts’s dividend payout ratio (DPR) is 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.