Genuine Parts Company $GPC Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of Genuine Parts Company (NYSE:GPC) by 3.7% in the first quarter, HoldingsChannel.com reports. The fund owned 373,619 shares of the specialty retailer’s stock after selling 14,166 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Genuine Parts were worth $39,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Greenwood Capital Associates LLC purchased a new stake in shares of Genuine Parts during the first quarter worth about $894,000. Staley Capital Advisers Inc. purchased a new position in Genuine Parts in the 1st quarter valued at about $1,322,000. Montag A & Associates Inc. lifted its stake in Genuine Parts by 19.6% in the 1st quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer’s stock valued at $6,923,000 after buying an additional 10,622 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its holdings in Genuine Parts by 3.0% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 18,259 shares of the specialty retailer’s stock worth $1,931,000 after buying an additional 531 shares during the last quarter. Finally, United Asset Strategies Inc. boosted its holdings in Genuine Parts by 9.4% in the 1st quarter. United Asset Strategies Inc. now owns 4,913 shares of the specialty retailer’s stock worth $520,000 after buying an additional 421 shares during the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Trading Up 0.1%

GPC opened at $125.70 on Monday. The firm has a market capitalization of $17.30 billion, a price-to-earnings ratio of 292.33 and a beta of 0.63. The company’s 50 day simple moving average is $106.35 and its two-hundred day simple moving average is $115.61. Genuine Parts Company has a 1-year low of $90.78 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 posted its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $6.17 billion. During the same period in the prior year, the business earned $1.75 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts expect that Genuine Parts Company will post 7.69 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, June 5th. Genuine Parts’s dividend payout ratio is presently 988.37%.

Insider Transactions at Genuine Parts

In other Genuine Parts 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 sale, the insider directly owned 25,589 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GPC has been the subject of a number of research analyst reports. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. UBS Group decreased 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 reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. DA Davidson boosted their price target on Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Finally, Truist Financial reduced their price objective on Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Genuine Parts has a consensus rating of “Moderate Buy” and a consensus target price of $144.50.

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.