Genuine Parts Company $GPC Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC trimmed its stake in Genuine Parts Company (NYSE:GPC) by 5.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 574,088 shares of the specialty retailer’s stock after selling 32,792 shares during the period. Pzena Investment Management LLC’s holdings in Genuine Parts were worth $60,710,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GPC. Jefferies Financial Group Inc. purchased a new stake in shares of Genuine Parts in the 3rd quarter valued at about $4,213,000. TABR Capital Management LLC purchased a new position in Genuine Parts during the 4th quarter worth approximately $4,217,000. California Public Employees Retirement System grew its stake in Genuine Parts by 12.1% during the 3rd quarter. California Public Employees Retirement System now owns 533,603 shares of the specialty retailer’s stock worth $73,957,000 after buying an additional 57,694 shares during the last quarter. Conning Inc. increased its position in Genuine Parts by 5.7% during the fourth quarter. Conning Inc. now owns 246,390 shares of the specialty retailer’s stock worth $30,296,000 after buying an additional 13,357 shares during the period. Finally, Swiss Life Asset Management Ltd increased its position in Genuine Parts by 103.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 247,195 shares of the specialty retailer’s stock worth $30,395,000 after buying an additional 125,491 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Genuine Parts Stock Down 0.4%

Genuine Parts stock opened at $117.50 on Thursday. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. The stock has a 50 day moving average of $103.57 and a two-hundred day moving average of $115.61. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of 273.26 and a beta of 0.63.

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

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, June 5th. Genuine Parts’s dividend payout ratio (DPR) is 988.37%.

Insider Transactions at Genuine Parts

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 value of $43,296.95. Following the transaction, the insider directly owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. The trade was a 1.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.13% of the company’s stock.

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.