7,685 Genuine Parts Company $GPC Shares Sold by WealthPlan Investment Management LLC

Key Points

• WealthPlan Investment Management reduced its Genuine Parts stake by 32.1%, selling 7,685 shares during the third quarter and retaining 16,289 shares valued at approximately $2.05 million.
• Genuine Parts reported quarterly earnings of $2.15 per share and revenue of $6.54 billion, exceeding analyst expectations; full-year 2026 EPS guidance is $7.50–$8.00.
• Shares recently traded at $133.82, while analysts maintained a “Moderate Buy” consensus with an average price target of $146. The company also offers a $4.25 annualized dividend, yielding about 3.2%.

WealthPlan Investment Management LLC lessened its position in Genuine Parts Company (NYSE:GPC - Free Report) by 32.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,289 shares of the specialty retailer's stock after selling 7,685 shares during the period. WealthPlan Investment Management LLC's holdings in Genuine Parts were worth $2,048,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GPC. Focus Financial Network Inc. lifted its holdings in Genuine Parts by 2.9% in the 3rd quarter. Focus Financial Network Inc. now owns 2,725 shares of the specialty retailer's stock worth $346,000 after purchasing an additional 77 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Genuine Parts by 34.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer's stock worth $42,000 after acquiring an additional 88 shares during the period. Beacon Investment Advisory Services Inc. boosted its holdings in Genuine Parts by 13.8% during the second quarter. Beacon Investment Advisory Services Inc. now owns 727 shares of the specialty retailer's stock valued at $86,000 after purchasing an additional 88 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC boosted its stake in Genuine Parts by 3.2% in the 1st quarter. Blake Schutter Theil Wealth Advisors LLC now owns 3,319 shares of the specialty retailer's stock valued at $351,000 after buying an additional 103 shares in the last quarter. Finally, Integrated Advisors Network LLC grew its holdings in shares of Genuine Parts by 4.6% in the 1st quarter. Integrated Advisors Network LLC now owns 2,436 shares of the specialty retailer's stock worth $258,000 after purchasing an additional 108 shares during the last quarter. 78.83% of the stock is owned by institutional investors.

Genuine Parts Price Performance

GPC traded up $2.19 during midday trading on Thursday, hitting $133.82. The company had a trading volume of 261,489 shares, compared to its average volume of 1,553,249. 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 company has a market capitalization of $18.45 billion, a PE ratio of 535.66, a P/E/G ratio of 2.42 and a beta of 0.67. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. The firm's 50-day simple moving average is $132.22 and its 200-day simple moving average is $118.10.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.07. The company had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The company's revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts predict that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a $1.0625 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $4.25 annualized dividend and a yield of 3.2%. Genuine Parts's dividend payout ratio is presently 1,700.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GPC shares. Raymond James Financial reiterated a "strong-buy" rating and issued a $165.00 target price on shares of Genuine Parts 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 Monday, September 21st. UBS Group reaffirmed a "neutral" rating and set a $122.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. Evercore reaffirmed an "outperform" rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Genuine Parts from $125.00 to $137.00 and gave the company an "overweight" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $146.00.

Genuine Parts Company Profile

Genuine Parts Company NYSE: GPC is a global distributor of automotive replacement parts and industrial components. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional repair businesses, retailers, equipment manufacturers, and other commercial customers through a broad distribution and service network.

In its automotive business, Genuine Parts distributes replacement parts, accessories, tools, and equipment for cars and light trucks. Its operations include the NAPA Auto Parts brand in North America, along with automotive distribution businesses serving customers in Europe and Australasia.

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