Genuine Parts Company $GPC Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC cut its Genuine Parts position by 21% in the second quarter, selling 136,050 shares and retaining 510,305 shares valued at approximately $60.1 million. Institutional investors and hedge funds collectively own 78.83% of the company.
• Genuine Parts exceeded quarterly expectations, reporting $2.15 in adjusted EPS on $6.54 billion in revenue, with revenue rising 6% year over year. The company reaffirmed fiscal 2026 EPS guidance of $7.50–$8.00.
• The company declared a quarterly dividend of $1.0625, or $4.25 annually, representing a 3.1% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $147.86.

Hsbc Holdings PLC reduced its position in Genuine Parts Company (NYSE:GPC - Free Report) by 21.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 510,305 shares of the specialty retailer's stock after selling 136,050 shares during the period. Hsbc Holdings PLC owned about 0.37% of Genuine Parts worth $60,090,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Genuine Parts by 85.0% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer's stock valued at $3,200,000 after buying an additional 13,900 shares during the period. Paradiem LLC purchased a new position in shares of Genuine Parts during the 1st quarter worth about $3,154,000. Montag A & Associates Inc. lifted its holdings in shares of Genuine Parts by 19.6% during the 1st quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer's stock worth $6,923,000 after acquiring an additional 10,622 shares during the period. Conning Inc. boosted its position in shares of Genuine Parts by 5.7% in the fourth quarter. Conning Inc. now owns 246,390 shares of the specialty retailer's stock worth $30,296,000 after acquiring an additional 13,357 shares during the last quarter. Finally, Bastion Asset Management Inc. acquired a new stake in shares of Genuine Parts in the first quarter worth approximately $16,978,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $138.08 on Tuesday. The stock has a 50-day simple moving average of $130.13 and a 200-day simple moving average of $114.55. The stock has a market capitalization of $19.04 billion, a P/E ratio of 552.32, a PEG ratio of 2.55 and a beta of 0.64. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating the consensus estimate of $2.08 by $0.07. The firm had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. Genuine Parts's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts forecast that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts's dividend payout ratio (DPR) is currently 1,700.00%.

Analyst Ratings Changes

Several equities analysts recently commented on GPC shares. DA Davidson upped their price target on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Genuine Parts in a report on Wednesday, June 24th. Zacks Research upgraded shares of Genuine Parts from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. Raymond James Financial reissued a "strong-buy" rating and set a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, UBS Group restated a "neutral" rating and set a $122.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.86.

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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