Genuine Parts (NYSE:GPC) Shares Down 4.7% – Should You Sell?

Genuine Parts Company (NYSE:GPC) shares dropped 4.7% during mid-day trading on Monday . The company traded as low as $126.00 and last traded at $126.3380. 507,185 shares were traded during trading, a decline of 71% from the average daily volume of 1,720,859 shares. The stock had previously closed at $132.57.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GPC. DA Davidson upped their price target on Genuine Parts from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Truist Financial lowered their target price on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. UBS Group reduced 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, Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $144.50.

Genuine Parts Trading Up 0.2%

The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $17.74 billion, a P/E ratio of 299.85 and a beta of 0.63. The business has a fifty day moving average price of $105.15 and a 200 day moving average price of $115.63.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $6.17 billion. During the same period last year, the company earned $1.75 earnings per share. Genuine Parts’s quarterly revenue was up 6.8% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, analysts expect that Genuine Parts Company will post 7.69 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a $1.0625 dividend. The ex-dividend date was Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.3%. Genuine Parts’s dividend payout ratio (DPR) is 988.37%.

Insider Buying and Selling

In related news, insider James F. Howe sold 415 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total transaction 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 document filed with the SEC, which can be accessed 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.

Hedge Funds Weigh In On Genuine Parts

Large investors have recently modified their holdings of the business. United Asset Strategies Inc. increased its position in shares of Genuine Parts by 1.6% in the fourth quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock valued at $552,000 after acquiring an additional 72 shares during the last quarter. J2 Capital Management Inc grew its stake in Genuine Parts by 1.9% in the fourth quarter. J2 Capital Management Inc now owns 4,136 shares of the specialty retailer’s stock valued at $509,000 after purchasing an additional 79 shares in the last quarter. Capital Investment Advisors LLC grew its stake in Genuine Parts by 0.6% in the fourth quarter. Capital Investment Advisors LLC now owns 14,173 shares of the specialty retailer’s stock valued at $1,743,000 after purchasing an additional 83 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of Genuine Parts by 1.8% during the 4th quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock worth $571,000 after purchasing an additional 83 shares during the last quarter. Finally, Matrix Trust Co raised its stake in shares of Genuine Parts by 27.6% during the 4th quarter. Matrix Trust Co now owns 393 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 85 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors and hedge funds.

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.