Goldman Sachs Group Inc. Sells 748,814 Shares of Genuine Parts Company $GPC

Goldman Sachs Group Inc. reduced its stake in Genuine Parts Company (NYSE:GPC) by 31.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,611,537 shares of the specialty retailer’s stock after selling 748,814 shares during the period. Goldman Sachs Group Inc.’s holdings in Genuine Parts were worth $198,155,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GPC. Norges Bank bought a new position in shares of Genuine Parts in the fourth quarter worth $293,471,000. Baupost Group LLC MA bought a new position in shares of Genuine Parts in the third quarter worth $193,347,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Genuine Parts by 7,774.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock worth $151,854,000 after acquiring an additional 1,219,300 shares during the period. Interval Partners LP boosted its holdings in shares of Genuine Parts by 422.5% in the third quarter. Interval Partners LP now owns 932,596 shares of the specialty retailer’s stock worth $129,258,000 after acquiring an additional 754,117 shares during the period. Finally, Junto Capital Management LP bought a new position in shares of Genuine Parts in the third quarter valued at approximately $65,551,000. 78.83% of the stock is owned by institutional investors.

Genuine Parts Price Performance

NYSE:GPC opened at $98.05 on Friday. The firm has a market capitalization of $13.49 billion, a price-to-earnings ratio of 228.02 and a beta of 0.66. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The stock has a fifty day moving average of $103.39 and a 200 day moving average of $118.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $6.17 billion. During the same quarter last year, the company earned $1.75 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, research analysts expect 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 paid a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.25 annualized dividend and a yield of 4.3%. Genuine Parts’s payout ratio is 988.37%.

Insider Transactions at Genuine Parts

In other Genuine Parts news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction dated 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 sale, the insider 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th. Raymond James Financial raised shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective for the company in a research note on Tuesday, February 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. Finally, Evercore set a $160.00 price objective on shares of Genuine Parts in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Genuine Parts has an average rating of “Moderate Buy” and an average price target of $143.71.

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.