Genuine Parts Company $GPC Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management cut its Genuine Parts stake by 21.2% in the second quarter, selling 10,995 shares and retaining 40,854 shares valued at approximately $4.82 million. Institutional investors collectively own 78.83% of GPC.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $147.86; individual targets range from $122 to $170.
• Genuine Parts exceeded quarterly expectations, reporting $2.15 in earnings per share and $6.54 billion in revenue, while declaring a quarterly dividend of $1.0625, equivalent to a 3.1% annual yield.

Wellington Management Group LLP reduced its holdings in Genuine Parts Company (NYSE:GPC - Free Report) by 21.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,854 shares of the specialty retailer's stock after selling 10,995 shares during the period. Wellington Management Group LLP's holdings in Genuine Parts were worth $4,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GPC. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Genuine Parts by 85.0% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer's stock worth $3,200,000 after purchasing an additional 13,900 shares in the last quarter. Paradiem LLC purchased a new position in Genuine Parts in the 1st quarter valued at about $3,154,000. Montag A & Associates Inc. boosted its holdings in Genuine Parts by 19.6% in the 1st quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer's stock worth $6,923,000 after buying an additional 10,622 shares during the last quarter. Hsbc Holdings PLC increased its stake in Genuine Parts by 19.5% during the 4th quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer's stock worth $58,887,000 after buying an additional 77,936 shares in the last quarter. Finally, Conning Inc. raised its holdings in shares of Genuine Parts by 5.7% during the fourth quarter. Conning Inc. now owns 246,390 shares of the specialty retailer's stock valued at $30,296,000 after acquiring an additional 13,357 shares during the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Genuine Parts Stock Up 0.8%

GPC stock opened at $135.16 on Thursday. The firm has a market cap of $18.63 billion, a PE ratio of 540.63, a PEG ratio of 2.48 and a beta of 0.64. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. The firm's 50 day moving average price is $130.81 and its 200-day moving average price is $114.75. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57.

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

Genuine Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, September 4th. Genuine Parts's payout ratio is 1,700.00%.

About Genuine Parts

Genuine Parts Company NYSE: GPC is a global distributor of automotive and industrial replacement parts. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional customers, businesses and consumers through a broad network of distribution centers, stores and service locations.

Through its automotive parts operations, including the NAPA brand in North America and other regional businesses, Genuine Parts distributes replacement parts, accessories, tools and equipment for cars, trucks and other vehicles.

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