Genuine Parts Company $GPC Holdings Decreased by Bessemer Group Inc.

Bessemer Group Inc. lowered its stake in Genuine Parts Company (NYSE:GPC) by 96.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,502 shares of the specialty retailer’s stock after selling 313,935 shares during the quarter. Bessemer Group Inc.’s holdings in Genuine Parts were worth $1,111,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Genuine Parts by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock valued at $2,111,000 after purchasing an additional 671 shares during the period. Woodline Partners LP lifted its holdings in shares of 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 buying an additional 3,396 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Genuine Parts by 15.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer’s stock valued at $122,000 after buying an additional 137 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Genuine Parts by 5.6% during the second quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer’s stock valued at $3,027,000 after buying an additional 1,323 shares in the last quarter. Finally, AXA S.A. grew its holdings in Genuine Parts by 37.2% during the second quarter. AXA S.A. now owns 51,292 shares of the specialty retailer’s stock worth $6,222,000 after acquiring an additional 13,898 shares during the period. 78.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Genuine Parts news, insider James F. Howe sold 415 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total transaction of $43,296.95. Following the sale, the insider directly owned 25,589 shares of the company’s stock, valued at $2,669,700.37. The trade was a 1.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.13% of the company’s stock.

Genuine Parts Price Performance

NYSE GPC opened at $119.94 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.48 and a debt-to-equity ratio of 0.88. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The company has a market cap of $16.54 billion, a PE ratio of 479.77 and a beta of 0.63. The stock’s 50-day moving average price is $109.85 and its two-hundred day moving average price is $115.48.

Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same period last year, the firm posted $2.10 earnings per share. 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. On average, analysts predict that Genuine Parts Company will post 7.69 EPS for the current year.

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, June 5th. Genuine Parts’s payout ratio is presently 1,700.00%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GPC. Truist Financial raised their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. DA Davidson raised their target price on shares of Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Genuine Parts presently has a consensus rating of “Moderate Buy” and an average target price of $145.00.

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.