Swiss Life Asset Management Ltd Raises Stock Holdings in Genuine Parts Company $GPC

Swiss Life Asset Management Ltd grew its stake in Genuine Parts Company (NYSE:GPC) by 103.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 247,195 shares of the specialty retailer’s stock after buying an additional 125,491 shares during the period. Swiss Life Asset Management Ltd’s holdings in Genuine Parts were worth $30,395,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Genuine Parts by 0.3% in the third quarter. Vanguard Group Inc. now owns 17,365,970 shares of the specialty retailer’s stock worth $2,406,923,000 after buying an additional 56,792 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Genuine Parts during the third quarter worth about $4,213,000. Dana Investment Advisors Inc. grew its position in shares of Genuine Parts by 15.8% during the third quarter. Dana Investment Advisors Inc. now owns 84,427 shares of the specialty retailer’s stock worth $11,702,000 after purchasing an additional 11,539 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Genuine Parts by 4.1% during the third quarter. Envestnet Asset Management Inc. now owns 549,830 shares of the specialty retailer’s stock worth $76,206,000 after purchasing an additional 21,820 shares in the last quarter. Finally, TABR Capital Management LLC purchased a new stake in shares of Genuine Parts during the fourth quarter worth about $4,217,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore set a $160.00 target price on Genuine Parts in a research report on Friday, February 20th. Raymond James Financial upgraded 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. UBS Group cut their target price 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. Truist Financial cut 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. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $143.71.

Genuine Parts Stock Performance

NYSE GPC opened at $104.77 on Monday. The stock has a market capitalization of $14.42 billion, a PE ratio of 243.65 and a beta of 0.70. The business has a 50 day simple moving average of $108.11 and a two-hundred day simple moving average of $122.78. 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 Company has a 1-year low of $96.08 and a 1-year high of $151.57.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.02. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.17 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. 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. On average, research analysts predict that Genuine Parts Company will post 7.65 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company 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. This represents a $4.25 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, June 5th. Genuine Parts’s dividend payout ratio (DPR) is currently 988.37%.

Insiders Place Their Bets

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

Genuine Parts 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.