Wealthfront Advisers LLC Sells 13,995 Shares of Genuine Parts Company $GPC

Wealthfront Advisers LLC trimmed its position in Genuine Parts Company (NYSE:GPC) by 71.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,621 shares of the specialty retailer’s stock after selling 13,995 shares during the quarter. Wealthfront Advisers LLC’s holdings in Genuine Parts were worth $594,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Genuine Parts during the fourth quarter valued at $293,471,000. Baupost Group LLC MA purchased a new stake in Genuine Parts in the third quarter worth about $193,347,000. Northwestern Mutual Wealth Management Co. grew its holdings in Genuine Parts by 7,774.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock worth $151,854,000 after acquiring an additional 1,219,300 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Genuine Parts during the 3rd quarter worth about $61,321,000. Finally, Jain Global LLC purchased a new position in Genuine Parts during the 4th quarter valued at about $53,782,000. Institutional investors own 78.83% of the company’s stock.

Insider Activity at Genuine Parts

In other news, insider James F. Howe sold 415 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total value of $43,296.95. Following the completion of the sale, the insider owned 25,589 shares of the company’s stock, valued at $2,669,700.37. This trade represents a 1.60% decrease in their position. The transaction 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. Corporate insiders own 0.13% of the company’s stock.

Genuine Parts Stock Up 1.4%

NYSE:GPC opened at $120.74 on Thursday. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The stock has a market capitalization of $16.62 billion, a P/E ratio of 482.95 and a beta of 0.63. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.48 and a current ratio of 1.16. The company’s 50-day simple moving average is $109.40 and its 200-day simple moving average is $115.51.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the previous year, the firm earned $2.10 EPS. The company’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, equities analysts anticipate that Genuine Parts Company will post 7.69 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GPC. Evercore restated an “outperform” rating on shares of Genuine Parts in a report on Wednesday. Truist Financial lifted their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday. Raymond James Financial reissued a “strong-buy” rating and issued a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $146.88.

Genuine Parts News Summary

Here are the key news stories impacting Genuine Parts this week:

• Positive Sentiment: Genuine Parts beat Q2 earnings and revenue estimates, with strong sales growth in its industrial segment helping support the quarter. Genuine Parts Co (GPC) Q2 2026 Earnings Call Highlights
• Positive Sentiment: The company reaffirmed its 2026 adjusted EPS outlook of $7.50 to $8.00, signaling management confidence in the business despite a mixed macro backdrop. Genuine Parts Company Reports Second Quarter 2026 Results
• Neutral Sentiment: Truist raised its price target on GPC to $126 from $124 but kept a Hold rating, suggesting limited near-term conviction. Benzinga report on Truist price target
• Neutral Sentiment: Unusual call-option buying picked up, which can indicate rising trader interest, but it does not confirm a fundamental change in the business.
• Negative Sentiment: Management lowered full-year guidance for 2026 revenue and kept EPS guidance close to Street expectations, which may limit upside if results normalize. Genuine Parts Q2 sales up 6%, full-year EPS guidance lowered

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.