Genuine Parts Company $GPC Shares Bought by Alps Advisors Inc.

Key Points

• Alps Advisors Inc. increased its stake in Genuine Parts by 9.8% in the fourth quarter, bringing its holdings to 190,735 shares valued at about $23.5 million.
• Genuine Parts reported better-than-expected quarterly results, with earnings of $1.77 per share versus estimates of $1.75 and revenue of $6.26 billion, up 6.8% year over year.
• The company declared a quarterly dividend of $1.0625 per share, payable July 2, implying an annualized payout of $4.25 and a dividend yield of 4.2%.

Alps Advisors Inc. boosted its position in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,735 shares of the specialty retailer's stock after buying an additional 17,093 shares during the period. Alps Advisors Inc. owned 0.14% of Genuine Parts worth $23,453,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in GPC. Norges Bank acquired a new position in Genuine Parts during the fourth quarter worth approximately $293,471,000. Baupost Group LLC MA acquired a new position in Genuine Parts during the third quarter worth approximately $193,347,000. Northwestern Mutual Wealth Management Co. increased its position in Genuine Parts by 7,774.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer's stock worth $151,854,000 after buying an additional 1,219,300 shares during the period. Interval Partners LP increased its position in Genuine Parts by 422.5% during the third quarter. Interval Partners LP now owns 932,596 shares of the specialty retailer's stock worth $129,258,000 after buying an additional 754,117 shares during the period. Finally, Junto Capital Management LP acquired a new position in Genuine Parts during the third quarter worth approximately $65,551,000. Institutional investors and hedge funds own 78.83% of the company's stock.

Genuine Parts Stock Up 3.9%

Genuine Parts stock opened at $102.27 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. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The company has a market cap of $14.07 billion, a PE ratio of 237.84 and a beta of 0.66. The stock's 50 day moving average price is $102.93 and its 200 day moving average price is $117.52.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share 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 the consensus estimate of $6.17 billion. During the same period in the previous year, the business earned $1.75 earnings per share. The company's revenue for the quarter was up 6.8% 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 predict that Genuine Parts Company will post 7.67 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a $1.0625 dividend. The ex-dividend date is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.2%. Genuine Parts's payout ratio is 988.37%.

Insider Buying and Selling at Genuine Parts

In related news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total value of $43,296.95. Following the sale, the insider directly owned 25,589 shares in the company, valued at $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Zacks Research upgraded Genuine Parts from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. Raymond James Financial upgraded 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 target price on Genuine Parts in a research note on Friday, February 20th. Truist Financial lowered their target price on Genuine Parts from $127.00 to $124.00 and set a "hold" rating on the stock in a research note on Wednesday, April 22nd. Finally, UBS Group lowered their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.

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.