Legal & General Group Plc Sells 11,105 Shares of Genuine Parts Company $GPC

Key Points

• Legal & General Group Plc trimmed its stake in Genuine Parts Company by 1.3% in the fourth quarter, selling 11,105 shares and still holding 864,172 shares valued at about $106.3 million.
• Genuine Parts reported quarterly results that beat expectations, with EPS of $1.77 on revenue of $6.26 billion, and the company reiterated FY 2026 EPS guidance of $7.50 to $8.00.
• Analysts remain cautious but mostly positive overall: the stock has a Moderate Buy consensus rating, a $143.71 price target, and the company also announced a quarterly dividend of $1.0625 per share, yielding about 4.3% annualized.

Legal & General Group Plc reduced its position in Genuine Parts Company (NYSE:GPC - Free Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 864,172 shares of the specialty retailer's stock after selling 11,105 shares during the quarter. Legal & General Group Plc owned 0.62% of Genuine Parts worth $106,259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GPC. Vanguard Group Inc. grew its stake in shares of Genuine Parts by 0.3% during the third quarter. Vanguard Group Inc. now owns 17,365,970 shares of the specialty retailer's stock worth $2,406,923,000 after acquiring an additional 56,792 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Genuine Parts during the third quarter worth about $4,213,000. Dana Investment Advisors Inc. grew its stake in shares of Genuine Parts by 15.8% during the third quarter. Dana Investment Advisors Inc. now owns 84,427 shares of the specialty retailer's stock worth $11,702,000 after acquiring an additional 11,539 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Genuine Parts by 4.1% during the third quarter. Envestnet Asset Management Inc. now owns 549,830 shares of the specialty retailer's stock worth $76,206,000 after acquiring an additional 21,820 shares during the last quarter. Finally, TABR Capital Management LLC purchased a new stake in shares of Genuine Parts during the fourth quarter worth about $4,217,000. 78.83% of the stock is currently owned by institutional investors.

Insider Transactions at Genuine Parts

In other Genuine Parts news, insider James F. Howe sold 415 shares of the business's 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 completion of the transaction, the insider directly owned 25,589 shares of the company's stock, valued at approximately $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GPC shares. Weiss Ratings restated a "hold (c-)" rating on shares of Genuine Parts in a research note on Friday, March 27th. UBS Group dropped their price target 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. Raymond James Financial raised Genuine Parts from a "market perform" rating to a "strong-buy" rating and set a $145.00 price objective on the stock in a report on Tuesday, February 24th. Zacks Research raised Genuine Parts from a "strong sell" rating to a "hold" rating in a report on Monday. Finally, Evercore set a $160.00 price objective on Genuine Parts in a report on Friday, February 20th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $143.71.

Trending Headlines about Genuine Parts

Here are the key news stories impacting Genuine Parts this week:

• Positive Sentiment: Zacks Research raised its FY2027 EPS estimate for Genuine Parts to $8.41 from $8.18 and lifted FY2028 EPS to $9.76 from $9.75, suggesting stronger profit expectations ahead.
• Positive Sentiment: The firm also increased quarterly estimates for Q2 2027, Q3 2027, and Q4 2027, indicating improving earnings visibility over the next several reporting periods.
• Neutral Sentiment: Zacks Research upgraded Genuine Parts from “strong sell” to “hold,” a less bearish stance that may temper some downside pressure, though it is not a bullish endorsement. Zacks.com
• Neutral Sentiment: A separate Zacks note trimmed Q1 2028 EPS slightly to $2.49 from $2.51, showing that not all outlook changes were positive.
• Negative Sentiment: Zacks still rates Genuine Parts “hold” or “strong sell” depending on the note, so the research house remains cautious overall despite the higher estimates.

Genuine Parts Stock Up 0.9%

Shares of GPC stock opened at $99.25 on Friday. The stock's 50-day simple moving average is $103.69 and its 200-day simple moving average is $119.48. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09. The firm has a market capitalization of $13.66 billion, a PE ratio of 230.82 and a beta of 0.70. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.17 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The company's revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.75 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts expect that Genuine Parts Company will post 7.65 earnings per share for the current year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $1.0625 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a yield of 4.3%. Genuine Parts's payout ratio is presently 988.37%.

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.

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