Cetera Investment Advisers Lowers Position in Genuine Parts Company $GPC

Cetera Investment Advisers decreased its position in shares of Genuine Parts Company (NYSE:GPC) by 31.8% during the first quarter, Holdings Channel.com reports. The fund owned 103,390 shares of the specialty retailer’s stock after selling 48,100 shares during the quarter. Cetera Investment Advisers’ holdings in Genuine Parts were worth $10,933,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GPC. Truist Financial upped their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. 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, July 22nd. Evercore restated an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One research 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. According to data from MarketBeat.com, Genuine Parts has a consensus rating of “Moderate Buy” and an average target price of $145.00.

Insider Transactions at Genuine Parts

In other Genuine Parts news, insider James F. Howe sold 415 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total value of $43,296.95. Following the completion of the transaction, the insider owned 25,589 shares in the company, valued at approximately $2,669,700.37. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.13% of the company’s stock.

Genuine Parts Trading Down 3.6%

Shares of NYSE GPC opened at $125.25 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The stock has a market capitalization of $17.27 billion, a P/E ratio of 500.99 and a beta of 0.63. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The business has a fifty day moving average price of $113.17 and a 200 day moving average price of $115.57.

Genuine Parts (NYSE:GPC) last announced 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 return on equity of 22.59% and a net margin of 0.13%.The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the previous year, the business earned $2.10 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts expect that Genuine Parts Company will post 7.72 EPS for the current fiscal year.

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.