Genuine Parts Company $GPC Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC cut its holdings in Genuine Parts Company (NYSE:GPC) by 32.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,218 shares of the specialty retailer’s stock after selling 7,313 shares during the quarter. WealthPLAN Partners LLC’s holdings in Genuine Parts were worth $1,609,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jefferies Financial Group Inc. purchased a new stake in shares of Genuine Parts during the third quarter worth approximately $4,213,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Genuine Parts by 85.0% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer’s stock valued at $3,200,000 after buying an additional 13,900 shares during the last quarter. TABR Capital Management LLC purchased a new position in Genuine Parts in the 4th quarter valued at $4,217,000. California Public Employees Retirement System increased its stake in Genuine Parts by 12.1% in the 3rd quarter. California Public Employees Retirement System now owns 533,603 shares of the specialty retailer’s stock valued at $73,957,000 after buying an additional 57,694 shares during the period. Finally, Conning Inc. raised its position in Genuine Parts by 5.7% during the 4th quarter. Conning Inc. now owns 246,390 shares of the specialty retailer’s stock worth $30,296,000 after buying an additional 13,357 shares during the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Genuine Parts

In other news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total transaction of $43,296.95. Following the completion of the sale, 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 filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

GPC has been the subject of several recent analyst reports. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. DA Davidson lifted their price target on Genuine Parts from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Truist Financial reduced their price objective on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. Finally, UBS Group reduced their price target on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Genuine Parts presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.50.

Genuine Parts Trading Up 0.2%

Shares of Genuine Parts stock opened at $128.94 on Wednesday. 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 $90.78 and a 1 year high of $151.57. The company has a market capitalization of $17.74 billion, a P/E ratio of 299.85 and a beta of 0.63. The business has a 50 day moving average price of $105.15 and a 200 day moving average price of $115.63.

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, topping the consensus estimate of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter last year, the business posted $1.75 earnings per share. Genuine Parts’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. Sell-side analysts anticipate that Genuine Parts Company will post 7.69 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a $1.0625 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $4.25 annualized dividend and a yield of 3.3%. Genuine Parts’s payout ratio is presently 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.