Pathway Financial Advisers LLC Sells 7,676 Shares of Genuine Parts Company $GPC

Pathway Financial Advisers LLC trimmed its holdings in shares of Genuine Parts Company (NYSE:GPC) by 76.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,333 shares of the specialty retailer’s stock after selling 7,676 shares during the period. Pathway Financial Advisers LLC’s holdings in Genuine Parts were worth $247,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GPC. United Asset Strategies Inc. grew its holdings in shares of Genuine Parts by 1.6% during the fourth quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock worth $552,000 after purchasing an additional 72 shares in the last quarter. J2 Capital Management Inc raised its stake in Genuine Parts by 1.9% in the fourth quarter. J2 Capital Management Inc now owns 4,136 shares of the specialty retailer’s stock valued at $509,000 after purchasing an additional 79 shares in the last quarter. Capital Investment Advisors LLC lifted its position in Genuine Parts by 0.6% during the fourth quarter. Capital Investment Advisors LLC now owns 14,173 shares of the specialty retailer’s stock valued at $1,743,000 after purchasing an additional 83 shares during the last quarter. IHT Wealth Management LLC lifted its position in Genuine Parts by 1.8% during the fourth quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock valued at $571,000 after purchasing an additional 83 shares during the last quarter. Finally, Matrix Trust Co grew its stake in Genuine Parts by 27.6% in the 4th quarter. Matrix Trust Co now owns 393 shares of the specialty retailer’s stock worth $48,000 after buying an additional 85 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Genuine Parts

In related 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 value of $43,296.95. Following the completion of the sale, the insider directly owned 25,589 shares in the company, valued at approximately $2,669,700.37. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by corporate insiders.

Genuine Parts Trading Up 0.7%

NYSE GPC opened at $118.04 on Wednesday. The firm has a market capitalization of $16.24 billion, a PE ratio of 274.50 and a beta of 0.66. The stock’s 50 day moving average is $103.47 and its 200 day moving average is $115.72. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

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

Genuine Parts Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, June 5th. This represents a $4.25 annualized dividend and a dividend yield of 3.6%. Genuine Parts’s payout ratio is currently 988.37%.

Analysts Set New Price Targets

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

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.