Victory Capital Management Inc. Cuts Position in Genuine Parts Company $GPC

Key Points

• Victory Capital trimmed its stake in Genuine Parts by 5.5% in Q3 to 309,833 shares (~$42.94M), while other major institutions (Vanguard, State Street, Geode, Charles Schwab) increased positions and Norges Bank initiated a roughly $211.7M stake, leaving institutional ownership around 78.8%.
• Genuine Parts missed quarterly estimates with EPS of $1.55 vs. $1.79 expected and slightly missed revenue, but set FY2026 guidance of $7.50–$8.00 EPS (analysts ~7.9 EPS); analyst sentiment is mixed with an average rating of "Moderate Buy" and an average target of $145.57.
• The company raised its quarterly dividend to $1.0625 (annualized $4.25, ~3.7% yield), despite a reported dividend payout ratio of 895.65% and a high trailing PE of 251.59.

Victory Capital Management Inc. decreased its holdings in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 5.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 309,833 shares of the specialty retailer's stock after selling 17,950 shares during the period. Victory Capital Management Inc. owned 0.22% of Genuine Parts worth $42,943,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Genuine Parts by 0.3% in 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. State Street Corp raised its position in shares of Genuine Parts by 0.9% in the 2nd quarter. State Street Corp now owns 7,797,180 shares of the specialty retailer's stock worth $953,779,000 after purchasing an additional 73,361 shares during the last quarter. Geode Capital Management LLC boosted its stake in Genuine Parts by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 3,511,008 shares of the specialty retailer's stock worth $424,367,000 after purchasing an additional 40,970 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Genuine Parts by 2.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,080,251 shares of the specialty retailer's stock worth $373,425,000 after purchasing an additional 70,668 shares in the last quarter. Finally, Norges Bank purchased a new stake in Genuine Parts during the 2nd quarter valued at about $211,661,000. 78.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GPC shares. Weiss Ratings restated a "hold (c-)" rating on shares of Genuine Parts in a research note on Monday, December 29th. Evercore set a $160.00 target price on shares of Genuine Parts in a research note on Friday, February 20th. UBS Group reduced their price target on shares of Genuine Parts from $150.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, February 18th. Truist Financial set a $127.00 price objective on shares of Genuine Parts and gave the stock a "hold" rating in a report on Wednesday, February 18th. Finally, The Goldman Sachs Group raised Genuine Parts from a "sell" rating to a "neutral" rating and upped their price objective for the company from $130.00 to $142.00 in a research report on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $145.57.

Genuine Parts Stock Performance

Shares of NYSE GPC opened at $115.73 on Friday. The firm's 50-day moving average price is $131.06 and its 200-day moving average price is $132.06. Genuine Parts Company has a 52-week low of $104.01 and a 52-week high of $151.57. The company has a market cap of $16.10 billion, a PE ratio of 251.59 and a beta of 0.75. The company has a quick ratio of 0.46, a current ratio of 1.08 and a debt-to-equity ratio of 0.79.

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

Genuine Parts Increases Dividend

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

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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