Gamco Investors INC. ET AL Reduces Stock Holdings in Genuine Parts Company $GPC

Gamco Investors INC. ET AL reduced its stake in shares of Genuine Parts Company (NYSE:GPC) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 419,178 shares of the specialty retailer’s stock after selling 24,683 shares during the period. Gamco Investors INC. ET AL’s holdings in Genuine Parts were worth $51,542,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GPC. Baupost Group LLC MA purchased a new stake in shares of Genuine Parts during the 3rd quarter valued at about $193,347,000. Northwestern Mutual Wealth Management Co. increased its holdings in Genuine Parts by 7,774.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock worth $151,854,000 after purchasing an additional 1,219,300 shares during the last quarter. Interval Partners LP increased its holdings in Genuine Parts by 422.5% during the 3rd quarter. Interval Partners LP now owns 932,596 shares of the specialty retailer’s stock worth $129,258,000 after purchasing an additional 754,117 shares during the last quarter. Junto Capital Management LP purchased a new stake in Genuine Parts during the 3rd quarter worth approximately $65,551,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Genuine Parts during the 3rd quarter worth approximately $61,321,000. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GPC has been the topic of several analyst reports. UBS Group dropped their price objective on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Zacks Research downgraded Genuine Parts from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 25th. Truist Financial dropped 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. Raymond James Financial upgraded Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective on the stock in a report on Tuesday, February 24th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $143.71.

Genuine Parts Price Performance

Shares of GPC opened at $92.92 on Monday. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 216.10 and a beta of 0.70. The stock has a 50 day moving average of $105.95 and a 200-day moving average of $121.38. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. Genuine Parts Company has a 52 week low of $92.83 and a 52 week high of $151.57.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.75 by $0.02. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.17 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, analysts forecast that Genuine Parts Company will post 7.65 EPS for the current year.

Genuine Parts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a $1.0625 dividend. The ex-dividend date is Friday, June 5th. This represents a $4.25 annualized dividend and a dividend yield of 4.6%. Genuine Parts’s dividend payout ratio (DPR) is presently 988.37%.

Insider Activity at Genuine Parts

In other news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction that occurred 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 approximately $2,669,700.37. This trade represents a 1.60% decrease in their position. The sale was disclosed in a legal 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. Insiders own 0.13% of the company’s stock.

Genuine Parts Company 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.