Genuine Parts Company $GPC Stake Raised by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of Genuine Parts Company (NYSE:GPC) by 35.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 646,355 shares of the specialty retailer’s stock after acquiring an additional 168,385 shares during the period. Hsbc Holdings PLC’s holdings in Genuine Parts were worth $67,815,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Genuine Parts during the 4th quarter worth $293,471,000. Baupost Group LLC MA bought a new stake in shares of Genuine Parts during the third quarter valued at about $193,347,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Genuine Parts by 7,774.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock valued at $151,854,000 after purchasing an additional 1,219,300 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Genuine Parts in the third quarter worth about $61,321,000. Finally, Jain Global LLC acquired a new stake in Genuine Parts in the fourth quarter worth about $53,782,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Price Performance

NYSE:GPC opened at $124.83 on Monday. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The business’s 50-day moving average price is $108.16 and its 200 day moving average price is $115.56. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The firm has a market cap of $17.18 billion, a P/E ratio of 290.31 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.02. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.17 billion. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. Genuine Parts’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, sell-side analysts predict that Genuine Parts Company will post 7.69 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. UBS Group lowered their price objective on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. DA Davidson boosted their target price on Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.50.

Insider Transactions at Genuine Parts

In other Genuine Parts news, insider James F. Howe sold 415 shares of the company’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 transaction, the insider owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.13% of the company’s stock.

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.