Gabelli Funds LLC Has $95.52 Million Stock Holdings in Genuine Parts Company $GPC

Gabelli Funds LLC cut its stake in Genuine Parts Company (NYSE:GPC) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 689,140 shares of the specialty retailer’s stock after selling 6,350 shares during the period. Genuine Parts accounts for about 0.6% of Gabelli Funds LLC’s investment portfolio, making the stock its 26th biggest position. Gabelli Funds LLC owned approximately 0.50% of Genuine Parts worth $95,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Genuine Parts by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock valued at $2,111,000 after buying an additional 671 shares during the period. Woodline Partners LP grew its stake in Genuine Parts by 40.7% in the first quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock valued at $1,399,000 after acquiring an additional 3,396 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Genuine Parts by 7,825.0% in the second quarter. Hantz Financial Services Inc. now owns 317 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 313 shares in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in shares of Genuine Parts by 4.0% in the second quarter. Resona Asset Management Co. Ltd. now owns 62,865 shares of the specialty retailer’s stock worth $7,607,000 after acquiring an additional 2,421 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in shares of Genuine Parts by 8,833.3% during the second quarter. Golden State Wealth Management LLC now owns 268 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 265 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Trading Down 1.2%

NYSE GPC opened at $115.73 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average of $131.06 and a 200-day moving average of $132.10. Genuine Parts Company has a 12 month low of $104.01 and a 12 month high of $151.57. The company has a market cap of $16.10 billion, a PE ratio of 251.59 and a beta of 0.75.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.24). Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same quarter in the prior year, the business earned $1.61 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities research analysts anticipate that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a $1.0625 dividend. This is an increase from Genuine Parts’s previous quarterly dividend of $1.03. The ex-dividend date is Friday, March 6th. This represents a $4.25 annualized dividend and a yield of 3.7%. Genuine Parts’s dividend payout ratio (DPR) is 895.65%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Genuine Parts from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $130.00 to $142.00 in a report on Thursday, November 13th. Raymond James Financial upgraded 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. UBS Group lowered their target price on Genuine Parts from $150.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Monday, December 29th. Finally, Evercore set a $160.00 price objective on shares of Genuine Parts in a report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.57.

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.