Kornitzer Capital Management Inc. KS Sells 24,537 Shares of Genuine Parts Company $GPC

Key Points

• Kornitzer Capital Management cut its stake in Genuine Parts by 50.2% in Q4, selling 24,537 shares and leaving 24,352 shares valued at about $2.99 million.
• Genuine Parts slightly beat Q results (EPS $1.77 vs. $1.75; revenue $6.26B vs. $6.17B), set FY2026 guidance of $7.50–$8.00 EPS, announced a quarterly dividend of $1.0625 (annual $4.25, ~4.1% yield), and its stock is trading near $104.71 (down ~2.3%) with a consensus analyst rating of Hold.

Kornitzer Capital Management Inc. KS cut its stake in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 50.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,352 shares of the specialty retailer's stock after selling 24,537 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Genuine Parts were worth $2,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Community Bank N.A. acquired a new stake in Genuine Parts during the 3rd quarter worth approximately $27,000. Olistico Wealth LLC acquired a new stake in Genuine Parts during the 4th quarter worth approximately $25,000. Peoples Financial Services CORP. acquired a new stake in Genuine Parts during the 3rd quarter worth approximately $29,000. WPG Advisers LLC boosted its position in Genuine Parts by 213.0% during the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer's stock worth $30,000 after buying an additional 164 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in Genuine Parts by 6,225.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer's stock worth $35,000 after buying an additional 249 shares during the period. 78.83% of the stock is owned by institutional investors.

Genuine Parts Trading Down 2.3%

NYSE:GPC opened at $104.71 on Friday. The firm's fifty day moving average is $108.86 and its 200-day moving average is $123.45. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09. Genuine Parts Company has a 52 week low of $96.08 and a 52 week high of $151.57. The firm has a market cap of $14.41 billion, a P/E ratio of 243.51 and a beta of 0.70.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.02. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the firm posted $1.75 EPS. The company's quarterly revenue was up 6.8% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, June 5th. Genuine Parts's dividend payout ratio is currently 988.37%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group cut their target price on shares of Genuine Parts from $135.00 to $125.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 22nd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Genuine Parts in a research report on Friday, March 27th. Raymond James Financial upgraded shares of 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 report on Tuesday, February 24th. Evercore set a $160.00 target price on shares of Genuine Parts in a research report on Friday, February 20th. Finally, Zacks Research downgraded shares of Genuine Parts from a "hold" rating to a "strong sell" rating in a research report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $143.71.

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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