Stephens Inc. AR Cuts Position in Genuine Parts Company $GPC

Stephens Inc. AR decreased its position in Genuine Parts Company (NYSE:GPC) by 76.3% during the first quarter, HoldingsChannel.com reports. The fund owned 15,940 shares of the specialty retailer’s stock after selling 51,314 shares during the quarter. Stephens Inc. AR’s holdings in Genuine Parts were worth $1,686,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Genuine Parts by 85.0% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer’s stock worth $3,200,000 after buying an additional 13,900 shares in the last quarter. TABR Capital Management LLC bought a new stake in shares of Genuine Parts in the 4th quarter worth about $4,217,000. California Public Employees Retirement System raised its position in shares of Genuine Parts by 12.1% during the 3rd quarter. California Public Employees Retirement System now owns 533,603 shares of the specialty retailer’s stock valued at $73,957,000 after buying an additional 57,694 shares in the last quarter. Conning Inc. raised its position in shares of Genuine Parts by 5.7% during the 4th quarter. Conning Inc. now owns 246,390 shares of the specialty retailer’s stock valued at $30,296,000 after buying an additional 13,357 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Genuine Parts by 19.5% in the 4th quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock valued at $58,887,000 after acquiring an additional 77,936 shares during the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Stock Down 0.3%

Shares of NYSE:GPC opened at $124.32 on Friday. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The business has a 50 day simple moving average of $105.90 and a two-hundred day simple moving average of $115.61. The firm has a market capitalization of $17.11 billion, a PE ratio of 289.12 and a beta of 0.63. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 0.48.

Genuine Parts (NYSE:GPC) last released 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 return on equity of 22.28% and a net margin of 0.24%.The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter in the prior year, the firm posted $1.75 earnings per share. 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. On average, equities analysts predict that Genuine Parts Company will post 7.69 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, June 5th. Genuine Parts’s dividend payout ratio is 988.37%.

Analyst Ratings Changes

Several research analysts recently commented on the company. UBS Group dropped 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. DA Davidson upped their price objective on Genuine Parts from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Truist Financial dropped their target price on Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Finally, Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $144.50.

Insiders Place Their Bets

In other Genuine Parts news, insider James F. Howe sold 415 shares of the 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 in the company, valued at $2,669,700.37. This trade represents a 1.60% decrease in their ownership of the stock. The transaction 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 insiders.

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.