The Manufacturers Life Insurance Company Has $8.34 Million Stock Position in Genuine Parts Company $GPC

The Manufacturers Life Insurance Company lessened its stake in shares of Genuine Parts Company (NYSE:GPC) by 6.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,825 shares of the specialty retailer’s stock after selling 5,257 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of Genuine Parts worth $8,336,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Genuine Parts by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock worth $2,111,000 after purchasing an additional 671 shares in the last quarter. Woodline Partners LP grew its stake in shares of Genuine Parts by 40.7% in the first quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock valued at $1,399,000 after buying an additional 3,396 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Genuine Parts by 15.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer’s stock valued at $122,000 after buying an additional 137 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Genuine Parts by 5.6% during the second quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer’s stock worth $3,027,000 after buying an additional 1,323 shares during the last quarter. Finally, AXA S.A. increased its holdings in Genuine Parts by 37.2% during the second quarter. AXA S.A. now owns 51,292 shares of the specialty retailer’s stock worth $6,222,000 after buying an additional 13,898 shares during the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GPC has been the topic of several analyst reports. UBS Group reaffirmed a “neutral” rating and set a $122.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. Truist Financial boosted their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Trading Up 3.2%

Shares of Genuine Parts stock opened at $132.66 on Wednesday. The business has a fifty day simple moving average of $115.04 and a two-hundred day simple moving average of $115.50. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The company has a market capitalization of $18.29 billion, a price-to-earnings ratio of 530.63 and a beta of 0.63. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating the consensus estimate of $2.08 by $0.07. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.10 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 7.72 EPS for the current year.

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.