Genuine Parts Company $GPC Shares Sold by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC lowered its position in shares of Genuine Parts Company (NYSE:GPC) by 32.1% in the third quarter, Holdings Channel reports. The firm owned 16,289 shares of the specialty retailer’s stock after selling 7,685 shares during the period. WealthPlan Investment Management LLC’s holdings in Genuine Parts were worth $2,048,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Genuine Parts by 85.0% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer’s stock worth $3,200,000 after acquiring an additional 13,900 shares in the last quarter. Paradiem LLC acquired a new position in Genuine Parts in the first quarter valued at about $3,154,000. Montag A & Associates Inc. grew its stake in Genuine Parts by 19.6% in the first quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer’s stock valued at $6,923,000 after acquiring an additional 10,622 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Genuine Parts by 19.5% in the fourth quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock worth $58,887,000 after acquiring an additional 77,936 shares in the last quarter. Finally, Bastion Asset Management Inc. bought a new stake in shares of Genuine Parts in the first quarter worth about $16,978,000. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Up 1.7%

Shares of Genuine Parts stock traded up $2.19 during trading on Thursday, reaching $133.82. The stock had a trading volume of 261,489 shares, compared to its average volume of 1,553,249. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $18.45 billion, a price-to-earnings ratio of 535.66, a P/E/G ratio of 2.42 and a beta of 0.67. The stock has a fifty day moving average price of $132.22 and a two-hundred day moving average price of $118.10. Genuine Parts Company has a 52 week low of $90.78 and a 52 week high of $151.57.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. The business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%. Genuine Parts’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts predict that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, September 4th. Genuine Parts’s dividend payout ratio (DPR) is currently 1,700.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, September 21st. UBS Group reissued a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Raymond James Financial reissued a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Evercore restated an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, DA Davidson upped their price target on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $146.00.

About Genuine Parts

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts and industrial components. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional repair businesses, retailers, equipment manufacturers, and other commercial customers through a broad distribution and service network.

In its automotive business, Genuine Parts distributes replacement parts, accessories, tools, and equipment for cars and light trucks. Its operations include the NAPA Auto Parts brand in North America, along with automotive distribution businesses serving customers in Europe and Australasia.