SG Americas Securities LLC Increases Stock Holdings in Genuine Parts Company $GPC

SG Americas Securities LLC raised its position in shares of Genuine Parts Company (NYSE:GPC) by 459.3% in the first quarter, HoldingsChannel reports. The firm owned 234,651 shares of the specialty retailer’s stock after buying an additional 192,693 shares during the quarter. SG Americas Securities LLC’s holdings in Genuine Parts were worth $24,814,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GPC. Vanguard Group Inc. grew its position in Genuine Parts by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer’s stock valued at $2,155,975,000 after buying an additional 167,981 shares during the period. State Street Corp increased its holdings in Genuine Parts by 1.4% during the fourth quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer’s stock valued at $940,940,000 after buying an additional 107,440 shares during the last quarter. Barclays PLC raised its position in Genuine Parts by 10.6% in the fourth quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock worth $479,711,000 after acquiring an additional 373,065 shares during the period. Geode Capital Management LLC boosted its stake in shares of Genuine Parts by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock worth $462,772,000 after acquiring an additional 64,676 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Genuine Parts by 16.6% during the 4th quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer’s stock worth $308,935,000 after acquiring an additional 357,979 shares during the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. UBS Group lowered their target price on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. DA Davidson initiated coverage on Genuine Parts in a research report on Tuesday, June 16th. They issued a “strong-buy” rating and a $145.00 price target for the company. Finally, Truist Financial decreased their price objective 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. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $143.88.

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 value of $43,296.95. Following the transaction, the insider directly owned 25,589 shares in the company, valued at $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by insiders.

Genuine Parts Stock Performance

GPC opened at $110.81 on Thursday. The company has a 50 day simple moving average of $103.10 and a two-hundred day simple moving average of $116.09. 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 firm has a market cap of $15.25 billion, a P/E ratio of 257.70 and a beta of 0.66. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.75 by $0.02. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the firm earned $1.75 EPS. The company’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. Equities analysts forecast that Genuine Parts Company will post 7.69 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued 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 yield of 3.8%. Genuine Parts’s dividend payout ratio (DPR) is currently 988.37%.

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.