Y Intercept Hong Kong Ltd Buys 4,249 Shares of Genuine Parts Company $GPC

Y Intercept Hong Kong Ltd lifted its position in shares of Genuine Parts Company (NYSE:GPC) by 39.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,127 shares of the specialty retailer’s stock after purchasing an additional 4,249 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Genuine Parts were worth $1,600,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other Genuine Parts news, insider James F. Howe sold 415 shares of the company’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 completion of the transaction, the insider owned 25,589 shares in the company, valued at $2,669,700.37. This represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.13% of the company’s stock.

Genuine Parts Stock Down 0.3%

Shares of NYSE:GPC opened at $124.32 on Friday. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The company 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 quick ratio of 0.48 and a current ratio of 1.09. The company has a fifty day moving average of $105.90 and a 200-day moving average of $115.61.

Genuine Parts (NYSE:GPC) last released its quarterly 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 analyst estimates of $6.17 billion. During the same quarter in the previous year, the company posted $1.75 EPS. The business’s 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 fiscal year.

Genuine Parts Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, June 5th. Genuine Parts’s dividend payout ratio is presently 988.37%.

Genuine Parts 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.