Quantinno Capital Management LP Reduces Holdings in Genuine Parts Company $GPC

Quantinno Capital Management LP lessened its holdings in Genuine Parts Company (NYSE:GPC) by 13.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,554 shares of the specialty retailer’s stock after selling 9,815 shares during the period. Quantinno Capital Management LP’s holdings in Genuine Parts were worth $6,932,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GPC. Vanguard Group Inc. increased its position in Genuine Parts by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer’s stock worth $2,155,975,000 after buying an additional 167,981 shares in the last quarter. State Street Corp lifted its position in shares of Genuine Parts by 1.4% in the fourth quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer’s stock valued at $940,940,000 after acquiring an additional 107,440 shares in the last quarter. Barclays PLC boosted its stake in shares of Genuine Parts by 10.6% during the fourth quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock valued at $479,711,000 after acquiring an additional 373,065 shares during the last quarter. Geode Capital Management LLC increased its position in Genuine Parts by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock worth $462,772,000 after purchasing an additional 64,676 shares in the last quarter. Finally, Morgan Stanley increased its position in Genuine Parts by 16.6% during the 4th quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer’s stock worth $308,935,000 after purchasing an additional 357,979 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Stock Down 0.8%

Shares of NYSE:GPC opened at $131.46 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. The firm has a market cap of $18.12 billion, a price-to-earnings ratio of 525.84 and a beta of 0.63. The stock’s 50-day moving average price is $115.70 and its two-hundred day moving average price is $115.47. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57.

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Evercore reissued an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. UBS Group reissued a “neutral” rating and issued a $122.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. DA Davidson upped their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Monday. Truist Financial raised their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Finally, Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.86.

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.