Kingdom Financial Group LLC. Invests $636,000 in Genuine Parts Company $GPC

Kingdom Financial Group LLC. acquired a new stake in shares of Genuine Parts Company (NYSE:GPC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,174 shares of the specialty retailer’s stock, valued at approximately $636,000.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Genuine Parts by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 17,365,970 shares of the specialty retailer’s stock worth $2,406,923,000 after buying an additional 56,792 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in Genuine Parts during the 3rd quarter worth approximately $4,213,000. Dana Investment Advisors Inc. raised its position in Genuine Parts by 15.8% during the 3rd quarter. Dana Investment Advisors Inc. now owns 84,427 shares of the specialty retailer’s stock worth $11,702,000 after buying an additional 11,539 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Genuine Parts by 4.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 549,830 shares of the specialty retailer’s stock worth $76,206,000 after buying an additional 21,820 shares during the last quarter. Finally, TABR Capital Management LLC purchased a new position in Genuine Parts during the 4th quarter worth approximately $4,217,000. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction that occurred 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 sale, the insider directly owned 25,589 shares of the company’s stock, valued at $2,669,700.37. The trade was 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by corporate insiders.

Genuine Parts Stock Up 2.8%

Shares of GPC opened at $97.65 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57. The stock’s 50 day moving average is $104.45 and its two-hundred day moving average is $120.41. The firm has a market cap of $13.44 billion, a P/E ratio of 227.09 and a beta of 0.70.

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

Genuine Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $1.0625 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.4%. Genuine Parts’s payout ratio is currently 988.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GPC shares. Evercore set a $160.00 price target on shares of Genuine Parts in a research report on Friday, February 20th. UBS Group reduced their price target on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Friday, March 27th. Zacks Research cut Genuine Parts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 25th. Finally, Raymond James Financial upgraded Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price target for the company in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Genuine Parts presently has an average rating of “Hold” and a consensus target price of $143.71.

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.