Allstate Corp Grows Holdings in Genuine Parts Company $GPC

Allstate Corp boosted its stake in Genuine Parts Company (NYSE:GPC) by 153.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,270 shares of the specialty retailer’s stock after acquiring an additional 6,821 shares during the period. Allstate Corp’s holdings in Genuine Parts were worth $1,386,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Genuine Parts by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer’s stock valued at $2,155,975,000 after acquiring an additional 167,981 shares in the last quarter. Barclays PLC increased its holdings in shares of Genuine Parts by 0.6% in the 3rd quarter. Barclays PLC now owns 3,528,297 shares of the specialty retailer’s stock worth $489,022,000 after acquiring an additional 21,437 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Genuine Parts by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,860,554 shares of the specialty retailer’s stock worth $257,878,000 after acquiring an additional 25,595 shares during the period. Bank of America Corp DE increased its holdings in shares of Genuine Parts by 3.2% in the 3rd quarter. Bank of America Corp DE now owns 1,746,350 shares of the specialty retailer’s stock worth $242,044,000 after acquiring an additional 54,754 shares during the period. Finally, Baupost Group LLC MA acquired a new stake in shares of Genuine Parts in the 3rd quarter worth about $193,347,000. 78.83% of the stock is owned by institutional investors and hedge funds.

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 transaction of $43,296.95. Following the transaction, the insider directly owned 25,589 shares in the company, valued at approximately $2,669,700.37. This represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 0.7%

Shares of Genuine Parts stock opened at $98.55 on Friday. The firm has a market capitalization of $13.56 billion, a PE ratio of 229.19 and a beta of 0.70. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 0.48. The company’s fifty day moving average price is $103.65 and its two-hundred day moving average price is $119.33. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results 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%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, analysts expect that Genuine Parts Company will post 7.65 EPS for the current year.

Genuine Parts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $1.0625 per share. The ex-dividend date is Friday, June 5th. This represents a $4.25 annualized dividend and a yield of 4.3%. Genuine Parts’s dividend payout ratio is 988.37%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GPC shares. Raymond James Financial raised shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 target price on the stock in a research note on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. Evercore set a $160.00 target price on shares of Genuine Parts in a report on Friday, February 20th. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Truist Financial decreased their price target on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.71.

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.