Royal Bank of Canada Buys 86,222 Shares of Genuine Parts Company $GPC

Royal Bank of Canada raised its stake in shares of Genuine Parts Company (NYSE:GPC) by 15.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 635,191 shares of the specialty retailer’s stock after purchasing an additional 86,222 shares during the quarter. Royal Bank of Canada’s holdings in Genuine Parts were worth $67,172,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. United Asset Strategies Inc. raised its position in shares of Genuine Parts by 1.6% in the 4th quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock valued at $552,000 after acquiring an additional 72 shares during the period. J2 Capital Management Inc grew its holdings in Genuine Parts by 1.9% during the fourth quarter. J2 Capital Management Inc now owns 4,136 shares of the specialty retailer’s stock valued at $509,000 after purchasing an additional 79 shares during the period. IHT Wealth Management LLC grew its holdings in Genuine Parts by 1.8% during the fourth quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock valued at $571,000 after purchasing an additional 83 shares during the period. Oakworth Capital Inc. increased its stake in Genuine Parts by 1.9% in the fourth quarter. Oakworth Capital Inc. now owns 4,680 shares of the specialty retailer’s stock valued at $575,000 after purchasing an additional 88 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Genuine Parts by 34.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 88 shares in the last quarter. 78.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider James F. Howe sold 415 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total value of $43,296.95. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. UBS Group reiterated a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson boosted their price target on shares of Genuine Parts from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 6th. Raymond James Financial restated a “strong-buy” rating and issued a $165.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. Truist Financial lifted their target price on Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Finally, Evercore reissued an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.00.

Genuine Parts Stock Performance

Shares of GPC stock opened at $124.57 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. The company has a market capitalization of $17.17 billion, a P/E ratio of 498.28 and a beta of 0.63. The company’s 50 day moving average price is $113.71 and its two-hundred day moving average price is $115.63. Genuine Parts Company has a 52 week low of $90.78 and a 52 week high of $151.57.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The firm had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the previous year, the firm posted $2.10 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, analysts expect that Genuine Parts Company will post 7.72 earnings per share for the current fiscal year.

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.