Genuine Parts Company $GPC Stock Sold by LongView Wealth Management

Key Points

• LongView Wealth Management cut its Genuine Parts stake by 59.2% in the third quarter, selling 38,938 shares and retaining 26,833 shares valued at approximately $3.37 million. Institutional investors collectively own 78.83% of GPC.
• Analysts maintain a generally positive outlook, with Genuine Parts carrying a consensus “Moderate Buy” rating and an average price target of $146, versus a recent trading price of $132.12.
• Genuine Parts exceeded quarterly earnings and revenue expectations, reporting $2.15 in EPS on $6.54 billion in revenue. The company also pays a quarterly dividend of $1.0625 per share, equivalent to a 3.2% annual yield.

LongView Wealth Management reduced its stake in Genuine Parts Company (NYSE:GPC - Free Report) by 59.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,833 shares of the specialty retailer's stock after selling 38,938 shares during the period. LongView Wealth Management's holdings in Genuine Parts were worth $3,374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GPC. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Genuine Parts by 85.0% during the 1st 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 acquiring an additional 13,900 shares during the last quarter. Paradiem LLC acquired a new position in Genuine Parts in the 1st quarter worth about $3,154,000. Montag A & Associates Inc. raised its position in Genuine Parts by 19.6% in the first quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer's stock valued at $6,923,000 after purchasing an additional 10,622 shares during the last quarter. Hsbc Holdings PLC raised its position in Genuine Parts by 19.5% in the fourth quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer's stock valued at $58,887,000 after purchasing an additional 77,936 shares during the last quarter. Finally, Bastion Asset Management Inc. bought a new position in Genuine Parts in the first quarter valued at about $16,978,000. 78.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on GPC shares. UBS Group reissued a "neutral" rating and set a $122.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. Evercore reiterated an "outperform" rating 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 report on Monday, August 3rd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Genuine Parts in a research report on Monday, September 21st. Finally, Truist Financial boosted their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a "hold" rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Genuine Parts has a consensus rating of "Moderate Buy" and an average price target of $146.00.

Genuine Parts Trading Down 1.4%

GPC traded down $1.84 during midday trading on Monday, hitting $132.12. 360,374 shares of the company were exchanged, compared to its average volume of 1,550,066. The firm's 50 day moving average price is $132.20 and its 200-day moving average price is $118.51. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The firm has a market capitalization of $18.21 billion, a P/E ratio of 528.32, a P/E/G ratio of 2.48 and a beta of 0.67. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88.

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

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were given a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, September 4th. Genuine Parts's dividend payout ratio is currently 1,700.00%.

Genuine Parts Profile

Genuine Parts Company NYSE: GPC is a distributor of automotive and industrial replacement parts. Its Automotive Parts Group supplies components and accessories for cars, trucks and other vehicles, serving professional repair shops, commercial customers and do-it-yourself consumers through distribution networks, stores and digital channels.

The company's Industrial Parts Group distributes products used to maintain and repair manufacturing, commercial and other industrial equipment. Its offerings include bearings, power-transmission components, motion-control products, industrial supplies and related maintenance, repair and operations products.

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