PNC Financial Services Group Inc. Has $8.60 Million Holdings in Genuine Parts Company $GPC

PNC Financial Services Group Inc. lessened its position in Genuine Parts Company (NYSE:GPC) by 12.4% in the 1st quarter, Holdings Channel reports. The fund owned 81,362 shares of the specialty retailer’s stock after selling 11,503 shares during the period. PNC Financial Services Group Inc.’s holdings in Genuine Parts were worth $8,604,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Genuine Parts in the fourth quarter valued at $293,471,000. Baupost Group LLC MA purchased a new position in shares of Genuine Parts during the third quarter valued at $193,347,000. Northwestern Mutual Wealth Management Co. raised its position in Genuine Parts by 7,774.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock valued at $151,854,000 after buying an additional 1,219,300 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Genuine Parts in the 3rd quarter worth about $61,321,000. Finally, Jain Global LLC acquired a new stake in Genuine Parts during the 4th quarter worth about $53,782,000. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Stock Down 0.0%

GPC opened at $124.20 on Monday. The company has a market capitalization of $17.12 billion, a PE ratio of 496.80 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 Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The business has a 50-day moving average of $110.48 and a 200-day moving average of $115.49.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating the consensus estimate of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The business had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the previous year, the business posted $2.10 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts forecast that Genuine Parts Company will post 7.72 EPS for the current fiscal year.

Insider Transactions at Genuine Parts

In other Genuine Parts news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total value of $43,296.95. Following the completion of the sale, the insider directly owned 25,589 shares in the company, valued at $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GPC has been the topic of a number of research reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a report on Wednesday. DA Davidson boosted their price objective on shares of Genuine Parts from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Truist Financial increased their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Finally, Evercore reissued an “outperform” rating on shares of Genuine Parts in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $145.00.

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.