CIBC Asset Management Inc Purchases 13,246 Shares of Genuine Parts Company $GPC

Key Points

• CIBC Asset Management boosted its stake in Genuine Parts by 59.2% in the fourth quarter, buying 13,246 additional shares and bringing its total holdings to 35,605 shares worth about $4.38 million.
• Several other institutions also adjusted positions in GPC, and institutional investors now own 78.83% of the company’s stock, signaling continued professional investor interest.
• Analysts remain mixed but generally positive: GPC has an average rating of “Moderate Buy” with an average price target of $143.71, while the stock recently traded around $98.05.

CIBC Asset Management Inc raised its position in Genuine Parts Company (NYSE:GPC - Free Report) by 59.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 35,605 shares of the specialty retailer's stock after acquiring an additional 13,246 shares during the period. CIBC Asset Management Inc's holdings in Genuine Parts were worth $4,378,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Genuine Parts by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,365,970 shares of the specialty retailer's stock valued at $2,406,923,000 after acquiring an additional 56,792 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Genuine Parts during the 3rd quarter worth approximately $4,213,000. Dana Investment Advisors Inc. raised its stake in shares of Genuine Parts by 15.8% during the 3rd quarter. Dana Investment Advisors Inc. now owns 84,427 shares of the specialty retailer's stock worth $11,702,000 after purchasing an additional 11,539 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Genuine Parts by 4.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 549,830 shares of the specialty retailer's stock worth $76,206,000 after purchasing an additional 21,820 shares in the last quarter. Finally, TABR Capital Management LLC bought a new stake in shares of Genuine Parts during the 4th quarter worth approximately $4,217,000. Institutional investors own 78.83% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GPC. Evercore set a $160.00 price objective on Genuine Parts in a research note on Friday, February 20th. Raymond James Financial upgraded Genuine Parts from a "market perform" rating to a "strong-buy" rating and set a $145.00 price objective on the stock in a research note on Tuesday, February 24th. UBS Group dropped their price objective on Genuine Parts from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings reissued a "hold (c-)" rating on shares of Genuine Parts in a report on Friday, March 27th. Finally, Zacks Research raised Genuine Parts from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $143.71.

Insider Activity

In other news, insider James F. Howe sold 415 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total transaction of $43,296.95. Following the sale, the insider directly owned 25,589 shares of the company's stock, valued at approximately $2,669,700.37. This represents a 1.60% decrease in their position. The transaction 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. Company insiders own 0.13% of the company's stock.

Genuine Parts Stock Performance

Shares of NYSE GPC opened at $98.05 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 0.48. The stock's fifty day moving average price is $103.39 and its two-hundred day moving average price is $118.33. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 228.02 and a beta of 0.66.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, beating 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 firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the firm posted $1.75 EPS. The company's revenue for the quarter 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, equities analysts forecast that Genuine Parts Company will post 7.65 EPS for the current year.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, June 5th. Genuine Parts's dividend payout ratio is 988.37%.

About Genuine Parts

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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