Genuine Parts Company $GPC Stock: International Assets Investment Management LLC Cuts Stake

International Assets Investment Management LLC reduced its holdings in shares of Genuine Parts Company (NYSE:GPC) by 81.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,591 shares of the specialty retailer’s stock after selling 15,282 shares during the period. International Assets Investment Management LLC’s holdings in Genuine Parts were worth $449,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Genuine Parts in the 2nd quarter worth $1,574,910,000. Bank of America Corp DE purchased a new position in Genuine Parts during the 2nd quarter worth $201,072,000. Corient Private Wealth LP acquired a new position in shares of Genuine Parts during the second quarter valued at about $3,903,000. Cullen Capital Management LLC purchased a new position in Genuine Parts in the 2nd quarter worth $166,471,000. Finally, Equity Investment Corp acquired a new stake in shares of Genuine Parts during the second quarter worth about $114,922,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Stock Down 0.8%

GPC stock opened at $123.72 on Thursday. The company’s 50 day moving average price is $128.20 and its 200 day moving average price is $119.83. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.54 and a current ratio of 1.22. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The firm has a market capitalization of $17.06 billion, a price-to-earnings ratio of 494.86, a PEG ratio of 2.73 and a beta of 0.65.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, October 20th. The specialty retailer reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.03. Genuine Parts had a net margin of 0.12% and a return on equity of 23.00%. The firm had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.49 billion. During the same quarter last year, the company earned $1.98 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that Genuine Parts Company will post 7.62 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Friday, December 4th will be issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, December 4th. Genuine Parts’s dividend payout ratio (DPR) is presently 1,700.00%.

Genuine Parts News Summary

These are some of the GPC news items that stood out recently:

• Positive Sentiment: Genuine Parts declared a quarterly dividend of $1.0625 per share, equal to $4.25 annually and a yield of about 3.4%. The dividend offers ongoing income support for shareholders. Article: Genuine Parts Declares Quarterly Dividend
• Negative Sentiment: Zacks Research cut several earnings forecasts, including Q4 2026 EPS to $1.59 from $1.71, FY2027 to $8.18 from $8.23, and FY2028 to $9.09 from $9.57. It also lowered estimates for Q1 2027, Q4 2027, Q1 2028, and Q3 2028. The broad downward revisions may weigh on sentiment by pointing to softer expected earnings.
• Neutral Sentiment: One revision went the other way: Zacks slightly raised its Q2 2027 EPS estimate to $2.22 from $2.21, a small improvement that does little to offset the wider set of cuts.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GPC. Truist Financial increased their target price on shares of Genuine Parts from $126.00 to $131.00 and gave the stock a “hold” rating in a research note on Tuesday, October 20th. Raymond James Financial reissued a “strong-buy” rating and issued a $165.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson raised their target price on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

About Genuine Parts

Genuine Parts Company is a distributor of automotive replacement parts and industrial products. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves businesses and consumers through its distribution networks and brands. Its automotive business distributes replacement parts, accessories and related products, including through the NAPA Auto Parts brand. Its industrial business, operating primarily as Motion, supplies products such as bearings, power-transmission components, fluid-power equipment and other maintenance and repair items to industrial customers.