Agate Pass Investment Management LLC Sells 6,842 Shares of Genuine Parts Company $GPC

Agate Pass Investment Management LLC reduced its position in shares of Genuine Parts Company (NYSE:GPC) by 51.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,404 shares of the specialty retailer’s stock after selling 6,842 shares during the quarter. Agate Pass Investment Management LLC’s holdings in Genuine Parts were worth $787,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quadcap Wealth Management LLC increased its position in 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 last quarter. Hantz Financial Services Inc. increased its holdings in shares of 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 last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of 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 last quarter. Voya Financial Advisors Inc. raised its stake in Genuine Parts by 0.8% in the 3rd quarter. Voya Financial Advisors Inc. now owns 11,160 shares of the specialty retailer’s stock valued at $1,554,000 after acquiring an additional 85 shares during the period. Finally, Asset Dedication LLC raised its stake in Genuine Parts by 4.6% in the 3rd quarter. Asset Dedication LLC now owns 1,950 shares of the specialty retailer’s stock valued at $270,000 after acquiring an additional 86 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Truist Financial set a $127.00 price objective on shares of Genuine Parts and gave the company 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 target price on the stock in a report on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Monday, December 29th. UBS Group cut their price target on Genuine Parts from $150.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Finally, Evercore set a $160.00 price objective on Genuine Parts in a research note on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $145.57.

Genuine Parts Stock Performance

Genuine Parts stock opened at $96.38 on Friday. The business has a 50 day moving average of $127.09 and a 200-day moving average of $129.68. The company has a market capitalization of $13.41 billion, a P/E ratio of 209.53 and a beta of 0.75. Genuine Parts Company has a 1 year low of $96.08 and a 1 year high of $151.57. 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 quarterly earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.24). Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same period in the previous year, the company posted $1.61 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities research analysts predict that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 4.4%. This is an increase from Genuine Parts’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Friday, March 6th. Genuine Parts’s payout ratio is currently 923.91%.

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.