Genuine Parts Company $GPC Stock Position Trimmed by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership trimmed its position in shares of Genuine Parts Company (NYSE:GPC) by 6.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 439,729 shares of the specialty retailer’s stock after selling 28,619 shares during the period. Artisan Partners Limited Partnership owned 0.32% of Genuine Parts worth $60,946,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Quadcap Wealth Management LLC boosted its position in shares of Genuine Parts by 1.4% during the second quarter. Quadcap Wealth Management LLC now owns 5,578 shares of the specialty retailer’s stock worth $677,000 after buying an additional 75 shares during the period. Penserra Capital Management LLC raised its stake in Genuine Parts by 12.2% during the 2nd quarter. Penserra Capital Management LLC now owns 747 shares of the specialty retailer’s stock valued at $90,000 after acquiring an additional 81 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Genuine Parts by 25.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 399 shares of the specialty retailer’s stock worth $55,000 after acquiring an additional 82 shares during the period. Wealthcare Advisory Partners LLC boosted its position in Genuine Parts by 0.6% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 14,806 shares of the specialty retailer’s stock worth $2,052,000 after acquiring an additional 83 shares during the period. Finally, Capital Square LLC grew its stake in shares of Genuine Parts by 2.0% in the second quarter. Capital Square LLC now owns 4,442 shares of the specialty retailer’s stock worth $553,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GPC. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Monday, December 29th. Truist Financial set a $127.00 price target on shares of Genuine Parts and gave the stock a “hold” rating in a research report on Wednesday, February 18th. Raymond James Financial raised shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price target for the company in a research note on Tuesday. The Goldman Sachs Group upgraded shares of Genuine Parts from a “sell” rating to a “neutral” rating and raised their price objective for the company from $130.00 to $142.00 in a research note on Thursday, November 13th. Finally, Evercore set a $160.00 target price on Genuine Parts in a research report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Genuine Parts has an average rating of “Moderate Buy” and a consensus target price of $145.57.

Genuine Parts Stock Up 1.9%

NYSE GPC opened at $119.07 on Friday. Genuine Parts Company has a 12 month low of $104.01 and a 12 month high of $151.57. The company has a market capitalization of $16.39 billion, a P/E ratio of 258.84 and a beta of 0.74. The company’s 50 day simple moving average is $131.90 and its 200 day simple moving average is $132.81. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.08 and a quick ratio of 0.46.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.24). The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.06 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.27%.The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.61 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts expect that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, March 6th. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.03. Genuine Parts’s payout ratio is presently 895.65%.

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.