Pine Valley Investments Ltd Liability Co Cuts Stock Position in Genuine Parts Company $GPC

Pine Valley Investments Ltd Liability Co decreased its position in shares of Genuine Parts Company (NYSE:GPC) by 77.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 4,602 shares of the specialty retailer’s stock after selling 15,768 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Genuine Parts were worth $497,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GPC. Vanguard Group Inc. increased its stake in Genuine Parts by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer’s stock worth $2,155,975,000 after purchasing an additional 167,981 shares during the period. State Street Corp lifted its position in shares of Genuine Parts by 1.4% during the fourth quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer’s stock worth $940,940,000 after purchasing an additional 107,440 shares in the last quarter. Barclays PLC boosted its stake in shares of Genuine Parts by 10.6% in the fourth quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock valued at $479,711,000 after purchasing an additional 373,065 shares during the period. Geode Capital Management LLC boosted its stake in shares of Genuine Parts by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock valued at $462,772,000 after purchasing an additional 64,676 shares during the period. Finally, Morgan Stanley grew its holdings in shares of Genuine Parts by 16.6% in the fourth quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer’s stock valued at $308,935,000 after purchasing an additional 357,979 shares in the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Truist Financial upped their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Raymond James Financial reissued a “strong-buy” rating and issued a $165.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. UBS Group restated a “neutral” rating and issued a $122.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. DA Davidson upped their price objective on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Genuine Parts has an average rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Stock Up 3.2%

GPC stock opened at $132.66 on Wednesday. The company’s 50 day moving average price is $115.04 and its 200 day moving average price is $115.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The firm has a market capitalization of $18.29 billion, a price-to-earnings ratio of 530.63 and a beta of 0.63.

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

Genuine Parts 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.