Royce & Associates LP Trims Position in Genuine Parts Company $GPC

Key Points

• Royce & Associates LP trimmed its stake in Genuine Parts by 89.7% in Q3, selling 13,000 shares and leaving 1,500 shares valued at about $208,000.
• Genuine Parts missed Q4 estimates, reporting $1.55 EPS vs. $1.79 expected and $6.01B revenue vs. $6.06B, while issuing FY2026 guidance of $7.50–$8.00 EPS (sell-side consensus ~7.9).
• The company raised its quarterly dividend to $1.0625 (annualized $4.25), a yield of roughly 3.7% with an ex-dividend date of March 6, though its reported payout ratio is unusually high at about 895.65%.

Royce & Associates LP trimmed its position in Genuine Parts Company (NYSE:GPC - Free Report) by 89.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,500 shares of the specialty retailer's stock after selling 13,000 shares during the quarter. Royce & Associates LP's holdings in Genuine Parts were worth $208,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Peoples Financial Services CORP. purchased a new stake in Genuine Parts in the 3rd quarter valued at about $29,000. Golden State Wealth Management LLC increased its position in shares of Genuine Parts by 8,833.3% during the second quarter. Golden State Wealth Management LLC now owns 268 shares of the specialty retailer's stock valued at $33,000 after acquiring an additional 265 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Genuine Parts by 7,825.0% during the second quarter. Hantz Financial Services Inc. now owns 317 shares of the specialty retailer's stock valued at $38,000 after acquiring an additional 313 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Genuine Parts in the 2nd quarter valued at approximately $44,000. Finally, Deseret Mutual Benefit Administrators raised its stake in shares of Genuine Parts by 40.0% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 350 shares of the specialty retailer's stock valued at $49,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 78.83% of the company's stock.

Genuine Parts Trading Down 1.2%

NYSE:GPC opened at $115.73 on Friday. Genuine Parts Company has a 12-month low of $104.01 and a 12-month high of $151.57. The firm has a market cap of $16.10 billion, a PE ratio of 251.59 and a beta of 0.75. The company has a current ratio of 1.08, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. The stock has a fifty day moving average price of $131.06 and a 200 day moving average price of $132.10.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.24). Genuine Parts had a return on equity of 22.28% and a net margin of 0.27%.The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.06 billion. During the same quarter last year, the firm earned $1.61 EPS. The company's revenue was up 4.1% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts anticipate that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a $1.0625 dividend. This is an increase from Genuine Parts's previous quarterly dividend of $1.03. This represents a $4.25 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, March 6th. Genuine Parts's payout ratio is currently 895.65%.

Analyst Ratings Changes

GPC has been the topic of a number of research reports. UBS Group decreased their price target on Genuine Parts from $150.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 18th. Raymond James Financial raised Genuine Parts from a "market perform" rating to a "strong-buy" rating and set a $145.00 price objective for the company in a research note on Tuesday, February 24th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Genuine Parts in a report on Monday, December 29th. Truist Financial set a $127.00 target price on Genuine Parts and gave the stock a "hold" rating in a research note on Wednesday, February 18th. Finally, The Goldman Sachs Group upgraded Genuine Parts from a "sell" rating to a "neutral" rating and raised their target price for the company from $130.00 to $142.00 in a report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Genuine Parts currently has an average rating of "Moderate Buy" and an average target price of $145.57.

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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