Kentucky Retirement Systems Has $1.35 Million Stock Holdings in Genuine Parts Company $GPC

Kentucky Retirement Systems lifted its position in shares of Genuine Parts Company (NYSE:GPC) by 46.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,744 shares of the specialty retailer’s stock after purchasing an additional 4,036 shares during the period. Kentucky Retirement Systems’ holdings in Genuine Parts were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Genuine Parts in the 4th quarter valued at approximately $293,471,000. Baupost Group LLC MA bought a new stake in Genuine Parts during the 3rd quarter worth approximately $193,347,000. Northwestern Mutual Wealth Management Co. grew its holdings in Genuine Parts by 7,774.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock worth $151,854,000 after acquiring an additional 1,219,300 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Genuine Parts in the 3rd quarter valued at approximately $61,321,000. Finally, Jain Global LLC acquired a new position in Genuine Parts in the 4th quarter valued at approximately $53,782,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Insider Activity

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 transaction, the insider directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by insiders.

Genuine Parts Price Performance

Shares of GPC opened at $124.57 on Friday. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. The business’s 50 day moving average price is $113.71 and its two-hundred day moving average price is $115.63. The firm has a market cap of $17.17 billion, a PE ratio of 498.28 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.07. The firm had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities analysts anticipate that Genuine Parts Company will post 7.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Raymond James Financial reiterated a “strong-buy” rating and issued a $165.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. Truist Financial increased their price target on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Genuine Parts has an average rating of “Moderate Buy” and an average target price of $145.00.

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.