First Trust Advisors LP Sells 62,715 Shares of Genuine Parts Company $GPC

Key Points

• First Trust Advisors LP cut its stake in Genuine Parts Company by 15.5%, selling 62,715 shares and now owns 340,925 shares (about 0.25% of the company) valued at roughly $47.25 million.
• Genuine Parts missed Q results (EPS $1.55 vs. $1.79 expected; revenue $6.01B vs. $6.06B expected) but issued FY2026 guidance of 7.50–8.00 EPS, in line with the sell‑side consensus of about 7.9.
• The company raised its quarterly dividend to $1.0625 ($4.25 annualized), implying a 3.9% yield with an ex‑dividend date of March 6.

First Trust Advisors LP lessened its holdings in Genuine Parts Company (NYSE:GPC - Free Report) by 15.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 340,925 shares of the specialty retailer's stock after selling 62,715 shares during the quarter. First Trust Advisors LP owned 0.25% of Genuine Parts worth $47,252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Peoples Financial Services CORP. purchased a new position in shares of Genuine Parts in the third quarter worth about $29,000. CYBER HORNET ETFs LLC purchased a new stake in Genuine Parts during the 2nd quarter valued at about $44,000. Deseret Mutual Benefit Administrators boosted its holdings in Genuine Parts by 40.0% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 350 shares of the specialty retailer's stock valued at $49,000 after acquiring an additional 100 shares during the period. Steigerwald Gordon & Koch Inc. bought a new position in Genuine Parts during the 3rd quarter worth approximately $52,000. Finally, Investors Research Corp grew its position in Genuine Parts by 36.1% during the 3rd quarter. Investors Research Corp now owns 396 shares of the specialty retailer's stock worth $55,000 after acquiring an additional 105 shares during the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Genuine Parts Price Performance

Shares of NYSE GPC opened at $109.24 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.08 and a quick ratio of 0.46. Genuine Parts Company has a 1 year low of $104.01 and a 1 year high of $151.57. The company's 50-day moving average is $130.23 and its 200 day moving average is $131.48. The stock has a market capitalization of $15.20 billion, a P/E ratio of 237.47 and a beta of 0.75.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share 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 firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.06 billion. During the same period in the previous year, the firm posted $1.61 earnings per share. The business's revenue was up 4.1% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts expect 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 given a dividend of $1.0625 per share. This is a boost from Genuine Parts's previous quarterly dividend of $1.03. This represents a $4.25 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, March 6th. Genuine Parts's dividend payout ratio is presently 923.91%.

Wall Street Analysts Forecast Growth

GPC has been the subject of several recent research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Genuine Parts in a research report on Monday, December 29th. Evercore set a $160.00 target price on shares of Genuine Parts in a report on Friday, February 20th. UBS Group decreased their target price on shares of Genuine Parts from $150.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 18th. The Goldman Sachs Group upgraded shares of Genuine Parts from a "sell" rating to a "neutral" rating and upped their price target for the company from $130.00 to $142.00 in a report on Thursday, November 13th. Finally, 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 on the stock in a report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Genuine Parts presently has an average rating of "Moderate Buy" and a consensus target price 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.

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