Genuine Parts Company $GPC Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lessened its holdings in shares of Genuine Parts Company (NYSE:GPC) by 59.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 324,437 shares of the specialty retailer’s stock after selling 483,583 shares during the quarter. Bessemer Group Inc. owned approximately 0.23% of Genuine Parts worth $39,893,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GPC. Olistico Wealth LLC acquired a new stake in Genuine Parts during the 4th quarter worth $25,000. Community Bank N.A. acquired a new stake in Genuine Parts during the 3rd quarter worth $27,000. Peoples Financial Services CORP. acquired a new stake in Genuine Parts during the 3rd quarter worth $29,000. WPG Advisers LLC boosted its stake in Genuine Parts by 213.0% during the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 164 shares during the last quarter. Finally, Lodestone Wealth Management LLC acquired a new stake in Genuine Parts during the 4th quarter worth $32,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Zacks Research cut shares of Genuine Parts from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 25th. Truist Financial lowered their price target on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research report on Friday, March 27th. UBS Group lowered 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. Finally, Evercore set a $160.00 price target on shares of Genuine Parts in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $143.71.

Insider Transactions at Genuine Parts

In related news, insider James F. Howe sold 415 shares of the business’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 sale, the insider directly owned 25,589 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.13% of the company’s stock.

Genuine Parts Trading Down 4.4%

Shares of GPC stock opened at $92.92 on Friday. The company’s 50-day moving average price is $105.95 and its 200-day moving average price is $121.45. 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 cap of $12.79 billion, a price-to-earnings ratio of 216.10 and a beta of 0.70. Genuine Parts Company has a twelve month low of $92.83 and a twelve month high of $151.57.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.02. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.17 billion. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. Genuine Parts’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts predict that Genuine Parts Company will post 7.65 earnings per share for the current year.

Genuine Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, June 5th. Genuine Parts’s payout ratio is 988.37%.

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.