Norges Bank Makes New $293.47 Million Investment in Genuine Parts Company $GPC

Norges Bank acquired a new position in Genuine Parts Company (NYSE:GPC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,386,716 shares of the specialty retailer’s stock, valued at approximately $293,471,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of GPC. Olistico Wealth LLC acquired a new position in Genuine Parts in the fourth quarter worth $25,000. Community Bank N.A. acquired a new position in Genuine Parts in the third quarter worth $27,000. WPG Advisers LLC boosted its stake in Genuine Parts by 213.0% in the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 164 shares in the last quarter. Lodestone Wealth Management LLC acquired a new position in Genuine Parts in the fourth quarter worth $32,000. Finally, Elyxium Wealth LLC acquired a new position in Genuine Parts in the fourth quarter worth $33,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on GPC shares. Evercore set a $160.00 price objective on Genuine Parts in a research note on Friday, February 20th. UBS Group reduced their price objective on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Truist Financial reduced their price objective on Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.71.

Genuine Parts Trading Up 2.0%

Shares of GPC opened at $99.22 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 1.09 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 firm has a market capitalization of $13.65 billion, a PE ratio of 230.75 and a beta of 0.66. The stock’s fifty day simple moving average is $103.61 and its 200-day simple moving average is $119.08.

Genuine Parts (NYSE:GPC) last issued 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. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the prior year, the firm posted $1.75 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, research analysts predict that Genuine Parts Company will post 7.65 earnings per share for the current year.

Genuine Parts Dividend Announcement

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 dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, June 5th. Genuine Parts’s dividend payout ratio is 988.37%.

Insider Activity

In other news, insider James F. Howe sold 415 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total transaction of $43,296.95. Following the transaction, the insider owned 25,589 shares of the company’s stock, valued at $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 available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by company insiders.

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.