Genuine Parts Company $GPC Shares Acquired by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp boosted its stake in shares of Genuine Parts Company (NYSE:GPC) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,043 shares of the specialty retailer’s stock after purchasing an additional 5,108 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Genuine Parts were worth $17,712,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Genuine Parts by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock worth $2,111,000 after acquiring an additional 671 shares during the period. Woodline Partners LP boosted its position in Genuine Parts by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock worth $1,399,000 after acquiring an additional 3,396 shares during the period. EverSource Wealth Advisors LLC boosted its position in Genuine Parts by 15.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer’s stock worth $122,000 after acquiring an additional 137 shares during the period. Daiwa Securities Group Inc. boosted its position in Genuine Parts by 5.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer’s stock worth $3,027,000 after acquiring an additional 1,323 shares during the period. Finally, AXA S.A. boosted its position in Genuine Parts by 37.2% during the 2nd quarter. AXA S.A. now owns 51,292 shares of the specialty retailer’s stock worth $6,222,000 after acquiring an additional 13,898 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Insider Activity at Genuine Parts

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

Genuine Parts Stock Down 0.1%

GPC opened at $98.55 on Monday. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09. The stock’s fifty day moving average is $103.65 and its 200-day moving average is $119.29. The company has a market capitalization of $13.56 billion, a PE ratio of 229.19 and a beta of 0.67.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the business earned $1.75 EPS. The company’s quarterly 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. On average, equities analysts predict that Genuine Parts Company will post 7.65 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, June 5th. Genuine Parts’s payout ratio is currently 988.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GPC shares. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Friday, March 27th. Evercore set a $160.00 price target 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 price target for the company in a research report on Tuesday, February 24th. Finally, UBS Group reduced their price target 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. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $143.71.

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.