Allspring Global Investments Holdings LLC Lowers Stock Holdings in Genuine Parts Company $GPC

Key Points

• Allspring Global Investments Holdings LLC trimmed its stake by 77.1% in Q4, selling 61,740 shares and now holds 18,313 GPC shares valued at about $2.27 million.
• Genuine Parts missed quarterly estimates (EPS $1.55 vs. $1.79 expected; revenue $6.01B vs. $6.06B) but issued FY2026 EPS guidance of $7.50–$8.00 and raised its quarterly dividend to $1.0625 (annual $4.25, ~4.0% yield).
• Shares trade near $107.49 (12‑month range $96.08–$151.57) with a high P/E (~234) while analysts' average price target is about $145.57 and consensus sentiment is a "Moderate Buy."

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 77.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,313 shares of the specialty retailer's stock after selling 61,740 shares during the period. Allspring Global Investments Holdings LLC's holdings in Genuine Parts were worth $2,271,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Hantz Financial Services Inc. grew its holdings in Genuine Parts by 25.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 399 shares of the specialty retailer's stock worth $55,000 after acquiring an additional 82 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in Genuine Parts by 0.6% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 14,806 shares of the specialty retailer's stock worth $2,052,000 after acquiring an additional 83 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in Genuine Parts by 0.6% during the 4th quarter. Capital Investment Advisors LLC now owns 14,173 shares of the specialty retailer's stock worth $1,743,000 after acquiring an additional 83 shares in the last quarter. Voya Financial Advisors Inc. grew its holdings in Genuine Parts by 0.8% during the 3rd quarter. Voya Financial Advisors Inc. now owns 11,160 shares of the specialty retailer's stock worth $1,554,000 after acquiring an additional 85 shares in the last quarter. Finally, Matrix Trust Co grew its holdings in 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 acquiring an additional 85 shares in the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Genuine Parts Trading Up 3.5%

Shares of Genuine Parts stock opened at $107.49 on Thursday. The company has a fifty day simple moving average of $118.92 and a 200-day simple moving average of $126.50. Genuine Parts Company has a 12-month low of $96.08 and a 12-month high of $151.57. The company has a current ratio of 1.08, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. The stock has a market cap of $14.95 billion, a price-to-earnings ratio of 233.67 and a beta of 0.76.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.24). Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The company's quarterly revenue was up 4.1% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities analysts forecast that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, March 6th. This is a positive change from Genuine Parts's previous quarterly dividend of $1.03. Genuine Parts's dividend payout ratio (DPR) is currently 923.91%.

Analysts Set New Price Targets

Several research firms have commented on GPC. Weiss Ratings reiterated a "hold (c-)" rating on shares of Genuine Parts in a report on Friday, March 27th. UBS Group lowered their price target on shares of Genuine Parts from $150.00 to $135.00 and set a "neutral" rating for the company in a report on Wednesday, February 18th. Evercore set a $160.00 price target on shares of Genuine Parts in a report on Friday, February 20th. Raymond James Financial upgraded shares of Genuine Parts from a "market perform" rating to a "strong-buy" rating and set a $145.00 price target for the company in a report on Tuesday, February 24th. Finally, Zacks Research cut shares of Genuine Parts from a "hold" rating to a "strong sell" rating in a report on Wednesday, March 25th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $145.57.

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.

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