DAVENPORT & Co LLC Sells 25,783 Shares of Genuine Parts Company $GPC

Key Points

• DAVENPORT & Co LLC trimmed its stake in Genuine Parts (NYSE: GPC) by 5.5%, selling 25,783 shares and leaving 446,532 shares valued at about $55.05 million (roughly 0.32% ownership).
• Genuine Parts missed quarterly expectations with EPS of $1.55 versus $1.79 expected and revenue of $6.01 billion versus $6.06 billion, while issuing FY2026 guidance of $7.50–$8.00 EPS.
• The board raised the quarterly dividend to $1.0625 (annualized $4.25), implying a ~4.1% yield, despite a reported dividend payout ratio of about 923.9%.

DAVENPORT & Co LLC trimmed its holdings in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 446,532 shares of the specialty retailer's stock after selling 25,783 shares during the quarter. DAVENPORT & Co LLC owned 0.32% of Genuine Parts worth $55,050,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Genuine Parts by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,365,970 shares of the specialty retailer's stock worth $2,406,923,000 after purchasing an additional 56,792 shares during the period. State Street Corp lifted its position in Genuine Parts by 0.9% in the second quarter. State Street Corp now owns 7,797,180 shares of the specialty retailer's stock worth $953,779,000 after buying an additional 73,361 shares during the last quarter. Barclays PLC lifted its position in Genuine Parts by 0.6% in the third quarter. Barclays PLC now owns 3,528,297 shares of the specialty retailer's stock worth $489,022,000 after buying an additional 21,437 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Genuine Parts by 2.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,080,251 shares of the specialty retailer's stock worth $373,425,000 after buying an additional 70,668 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Genuine Parts by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,860,554 shares of the specialty retailer's stock worth $257,878,000 after buying an additional 25,595 shares during the period. Institutional investors own 78.83% of the company's stock.

Genuine Parts Trading Up 1.9%

NYSE GPC opened at $102.99 on Wednesday. The stock has a market cap of $14.33 billion, a PE ratio of 223.88 and a beta of 0.75. Genuine Parts Company has a 12 month low of $96.08 and a 12 month high of $151.57. The company's 50-day moving average price is $125.94 and its 200-day moving average price is $129.10. The company has a current ratio of 1.08, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79.

Genuine Parts (NYSE:GPC - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $6.01 billion during the quarter, compared to analysts' expectations of $6.06 billion. Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. Genuine Parts's quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $1.61 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts forecast that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a $1.0625 dividend. The ex-dividend date is Friday, March 6th. This is a positive change from Genuine Parts's previous quarterly dividend of $1.03. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.1%. Genuine Parts's dividend payout ratio (DPR) is presently 923.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Raymond James Financial raised shares of Genuine Parts from a "market perform" rating to a "strong-buy" rating and set a $145.00 target price on the stock in a research note on Tuesday, February 24th. Evercore set a $160.00 price target on shares of Genuine Parts in a report on Friday, February 20th. Weiss Ratings reissued a "hold (c-)" rating on shares of Genuine Parts in a research report on Monday, December 29th. UBS Group decreased their price objective on shares of Genuine Parts from $150.00 to $135.00 and set a "neutral" rating for the company in a research note on Wednesday, February 18th. Finally, Truist Financial set a $127.00 target price on Genuine Parts and gave the company a "hold" rating in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $145.57.

Genuine Parts Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.