Gamco Investors INC. ET AL Has $42.04 Million Stock Position in Genuine Parts Company $GPC

Gamco Investors INC. ET AL reduced its holdings in Genuine Parts Company (NYSE:GPC) by 5.2% in the first quarter, HoldingsChannel reports. The firm owned 397,564 shares of the specialty retailer’s stock after selling 21,614 shares during the period. Gamco Investors INC. ET AL’s holdings in Genuine Parts were worth $42,042,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Genuine Parts by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer’s stock worth $2,155,975,000 after buying an additional 167,981 shares in the last quarter. State Street Corp increased its stake in shares of Genuine Parts by 1.4% in the 4th quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer’s stock valued at $940,940,000 after acquiring an additional 107,440 shares in the last quarter. Barclays PLC lifted its position in shares of Genuine Parts by 10.6% during the 4th quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock valued at $479,711,000 after acquiring an additional 373,065 shares during the period. Geode Capital Management LLC lifted its position in shares of Genuine Parts by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock valued at $462,772,000 after acquiring an additional 64,676 shares during the period. Finally, Morgan Stanley boosted its stake in Genuine Parts by 16.6% during the fourth quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer’s stock worth $308,935,000 after acquiring an additional 357,979 shares in the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Evercore restated an “outperform” rating on shares of Genuine Parts in a report on Wednesday. Raymond James Financial reiterated a “strong-buy” rating and set a $165.00 price objective on shares of Genuine Parts in a report on Wednesday. Truist Financial increased their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Finally, DA Davidson boosted their target price on Genuine Parts from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

Genuine Parts Price Performance

Shares of GPC opened at $124.20 on Friday. The business’s fifty day moving average is $110.48 and its 200 day moving average is $115.55. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. The company has a quick ratio of 0.48, a current ratio of 1.16 and a debt-to-equity ratio of 0.88. The stock has a market cap of $17.12 billion, a P/E ratio of 496.80 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the previous year, the business posted $2.10 EPS. Genuine Parts’s quarterly revenue was up 6.0% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders 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 dividend yield of 3.4%. The ex-dividend date was Friday, June 5th. Genuine Parts’s dividend payout ratio (DPR) is currently 1,700.00%.

Insider Activity at Genuine Parts

In other news, insider James F. Howe sold 415 shares of the business’s 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 of the company’s stock, valued at $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by insiders.

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.