Conning Inc. Increases Stake in Genuine Parts Company $GPC

Key Points

• Conning Inc. increased its stake in Genuine Parts by 5.7% in the fourth quarter, bringing its holdings to 246,390 shares valued at about $30.3 million. Other large institutional investors also made sizable moves, and hedge funds and institutions now own 78.83% of the company.
• Genuine Parts reported solid quarterly results, topping expectations with EPS of $1.77 versus $1.75 estimated and revenue of $6.26 billion versus $6.17 billion expected. Revenue rose 6.8% year over year, and the company reaffirmed FY2026 EPS guidance of $7.50 to $8.00.
• The stock has been under pressure despite the earnings beat, falling 1.7% to $97.14 and trading near its 52-week low. Analysts currently rate GPC a consensus Hold, with an average price target of $143.71.

Conning Inc. increased its stake in Genuine Parts Company (NYSE:GPC - Free Report) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 246,390 shares of the specialty retailer's stock after purchasing an additional 13,357 shares during the period. Conning Inc. owned 0.18% of Genuine Parts worth $30,296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Baupost Group LLC MA acquired a new stake in shares of Genuine Parts during the third quarter worth $193,347,000. Interval Partners LP raised its stake in Genuine Parts by 422.5% in the 3rd quarter. Interval Partners LP now owns 932,596 shares of the specialty retailer's stock worth $129,258,000 after acquiring an additional 754,117 shares during the last quarter. Junto Capital Management LP purchased a new position in Genuine Parts in the 3rd quarter worth $65,551,000. Balyasny Asset Management L.P. acquired a new stake in Genuine Parts during the 3rd quarter worth about $61,321,000. Finally, AQR Capital Management LLC grew its stake in Genuine Parts by 252.7% during the 2nd quarter. AQR Capital Management LLC now owns 292,880 shares of the specialty retailer's stock valued at $35,304,000 after purchasing an additional 209,833 shares during the last quarter. Hedge funds and other institutional investors own 78.83% of the company's stock.

Genuine Parts Stock Down 1.7%

Genuine Parts stock opened at $97.14 on Friday. The business's 50-day moving average price is $106.41 and its 200 day moving average price is $121.65. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 225.91 and a beta of 0.70. Genuine Parts Company has a 52 week low of $96.08 and a 52 week high of $151.57.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.02. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.17 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.Genuine Parts's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, sell-side analysts anticipate that Genuine Parts Company will post 7.65 earnings per share for the current year.

Genuine Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a yield of 4.4%. Genuine Parts's dividend payout ratio is 988.37%.

Insider Transactions at Genuine Parts

In related news, insider James F. Howe sold 415 shares of the firm's 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 sale, the insider owned 25,589 shares in the company, valued at approximately $2,669,700.37. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GPC shares. Truist Financial cut their price objective on Genuine Parts from $127.00 to $124.00 and set a "hold" rating on the stock in a report on Wednesday, April 22nd. Zacks Research lowered Genuine Parts from a "hold" rating to a "strong sell" rating in a research report on Wednesday, March 25th. Evercore set a $160.00 price target on shares of Genuine Parts in a report on Friday, February 20th. Raymond James Financial raised 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 research report on Tuesday, February 24th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Genuine Parts in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Genuine Parts currently has an average rating of "Hold" and a consensus target price of $143.71.

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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