Genuine Parts Company $GPC Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Genuine Parts Company (NYSE:GPC) by 110.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,776 shares of the specialty retailer’s stock after buying an additional 6,700 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Genuine Parts were worth $1,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Community Bank N.A. purchased a new position in shares of Genuine Parts in the 3rd quarter valued at about $27,000. Strive Financial Group LLC acquired a new stake in shares of Genuine Parts during the 4th quarter worth about $25,000. Olistico Wealth LLC purchased a new stake in Genuine Parts during the fourth quarter worth approximately $25,000. WPG Advisers LLC boosted its holdings in Genuine Parts by 213.0% in the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 164 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new position in Genuine Parts in the fourth quarter valued at approximately $31,000. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Price Performance

GPC stock opened at $116.88 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $16.09 billion, a P/E ratio of 271.82 and a beta of 0.67. The business has a 50 day simple moving average of $103.39 and a 200-day simple moving average of $115.81. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.02. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same period in the previous year, the company posted $1.75 EPS. The company’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. As a group, equities analysts anticipate that Genuine Parts Company will post 7.69 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, June 5th. Genuine Parts’s dividend payout ratio is presently 988.37%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. DA Davidson began coverage on shares of Genuine Parts in a research note on Tuesday, June 16th. They issued a “strong-buy” rating and a $145.00 price target on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. UBS Group dropped their target price on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Truist Financial reduced their price target on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Genuine Parts has an average rating of “Moderate Buy” and a consensus price target of $143.88.

Insider Activity at Genuine Parts

In other news, insider James F. Howe sold 415 shares of the 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 owned 25,589 shares in the company, valued at approximately $2,669,700.37. This represents a 1.60% decrease in their ownership of the stock. The sale 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. Insiders own 0.13% of the company’s stock.

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.