Zurcher Kantonalbank Zurich Cantonalbank Lowers Stake in Genuine Parts Company $GPC

Key Points

• Zurcher Kantonalbank cut its stake in Genuine Parts Company (NYSE:GPC) by 52.1% in Q4, selling 38,622 shares and leaving it with 35,562 shares valued at about $4.37 million at period end.
• Genuine Parts beat quarterly expectations with $1.77 EPS and $6.26 billion revenue (up 6.8% YoY) and set FY2026 guidance of $7.50–$8.00 EPS (consensus ~7.73).
• The company raised its quarterly dividend to $1.0625 (annualized $4.25) for a yield of roughly 3.9%, and about 78.8% of the stock is owned by institutional investors.

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 52.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,562 shares of the specialty retailer's stock after selling 38,622 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Genuine Parts were worth $4,373,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Genuine Parts by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 17,365,970 shares of the specialty retailer's stock valued at $2,406,923,000 after purchasing an additional 56,792 shares in the last quarter. Barclays PLC increased its stake in Genuine Parts by 0.6% during the 3rd quarter. Barclays PLC now owns 3,528,297 shares of the specialty retailer's stock valued at $489,022,000 after purchasing an additional 21,437 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Genuine Parts by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,860,554 shares of the specialty retailer's stock valued at $257,878,000 after purchasing an additional 25,595 shares in the last quarter. Bank of America Corp DE increased its stake in Genuine Parts by 3.2% during the 3rd quarter. Bank of America Corp DE now owns 1,746,350 shares of the specialty retailer's stock valued at $242,044,000 after purchasing an additional 54,754 shares in the last quarter. Finally, Baupost Group LLC MA bought a new stake in Genuine Parts during the 3rd quarter valued at about $193,347,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GPC has been the subject of a number of analyst reports. Zacks Research lowered shares of Genuine Parts from a "hold" rating to a "strong sell" rating in a research note on Wednesday, March 25th. Raymond James Financial upgraded shares of 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. Truist Financial reduced their price objective on shares of Genuine Parts from $127.00 to $124.00 and set a "hold" rating for the company in a research note on Wednesday. Weiss Ratings restated a "hold (c-)" rating on shares of Genuine Parts in a research note on Friday, March 27th. Finally, Evercore set a $160.00 price objective on shares of Genuine Parts in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Genuine Parts presently has a consensus rating of "Hold" and an average price target of $143.71.

Genuine Parts Stock Performance

Shares of GPC stock opened at $108.80 on Friday. The company has a 50 day moving average price of $110.69 and a 200-day moving average price of $124.26. Genuine Parts Company has a 52 week low of $96.08 and a 52 week high of $151.57. The firm has a market capitalization of $14.97 billion, a PE ratio of 253.03 and a beta of 0.76. The company has a quick ratio of 0.46, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping 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 firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the business posted $1.75 earnings per share. The business's revenue for the quarter was up 6.8% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities research analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were paid a $1.0625 dividend. This is a boost from Genuine Parts's previous quarterly dividend of $1.03. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, March 6th. Genuine Parts's dividend payout ratio (DPR) is presently 988.37%.

About Genuine Parts

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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