Janney Montgomery Scott LLC Has $32.38 Million Stake in Genuine Parts Company $GPC

Janney Montgomery Scott LLC grew its stake in shares of Genuine Parts Company (NYSE:GPC) by 5.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 306,164 shares of the specialty retailer’s stock after buying an additional 16,333 shares during the period. Janney Montgomery Scott LLC’s holdings in Genuine Parts were worth $32,377,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. United Asset Strategies Inc. increased its stake in shares of Genuine Parts by 1.6% in the 4th quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock valued at $552,000 after acquiring an additional 72 shares during the last quarter. J2 Capital Management Inc boosted its stake in Genuine Parts by 1.9% during the 4th quarter. J2 Capital Management Inc now owns 4,136 shares of the specialty retailer’s stock worth $509,000 after acquiring an additional 79 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in Genuine Parts by 0.6% during the 4th quarter. Capital Investment Advisors LLC now owns 14,173 shares of the specialty retailer’s stock worth $1,743,000 after acquiring an additional 83 shares during the last quarter. IHT Wealth Management LLC grew its holdings in Genuine Parts by 1.8% during the fourth quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock valued at $571,000 after purchasing an additional 83 shares during the period. Finally, Matrix Trust Co grew its holdings in Genuine Parts by 27.6% during the fourth quarter. Matrix Trust Co now owns 393 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 85 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on GPC shares. DA Davidson initiated coverage on shares of Genuine Parts in a research note on Tuesday, June 16th. They issued a “strong-buy” rating and a $145.00 target price for the company. UBS Group reduced their price target on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Truist Financial decreased their price target on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.88.

Genuine Parts Price Performance

Shares of GPC opened at $116.88 on Tuesday. The stock has a 50 day simple moving average of $103.39 and a 200 day simple moving average of $115.81. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09. The firm has a market capitalization of $16.09 billion, a PE ratio of 271.82 and a beta of 0.67.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.75 by $0.02. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the company posted $1.75 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts predict that Genuine Parts Company will post 7.69 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.25 annualized dividend and a dividend yield of 3.6%. Genuine Parts’s dividend payout ratio is currently 988.37%.

Insider Activity at Genuine Parts

In related news, insider James F. Howe sold 415 shares of the firm’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 in the company, valued at $2,669,700.37. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by insiders.

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.