Genuine Parts Company $GPC Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC cut its holdings in shares of Genuine Parts Company (NYSE:GPC) by 1.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 648,838 shares of the specialty retailer’s stock after selling 12,126 shares during the period. Clearbridge Investments LLC’s holdings in Genuine Parts were worth $79,781,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Genuine Parts by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer’s stock valued at $2,155,975,000 after acquiring an additional 167,981 shares during the period. Geode Capital Management LLC lifted its stake in Genuine Parts by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock valued at $462,772,000 after buying an additional 64,676 shares in the last quarter. Barclays PLC lifted its stake in Genuine Parts by 0.6% in the 3rd quarter. Barclays PLC now owns 3,528,297 shares of the specialty retailer’s stock valued at $489,022,000 after buying an additional 21,437 shares in the last quarter. Norges Bank purchased a new position in Genuine Parts in the 4th quarter valued at about $293,471,000. Finally, Dimensional Fund Advisors LP lifted its stake in Genuine Parts by 1.4% in 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 buying an additional 25,595 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Trading Down 1.0%

GPC opened at $97.13 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 0.48. The company’s 50 day simple moving average is $103.22 and its two-hundred day simple moving average is $118.07. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 225.88 and a beta of 0.67.

Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share 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 business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period last year, the company posted $1.75 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts expect that Genuine Parts Company will post 7.65 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, June 5th. Genuine Parts’s dividend payout ratio (DPR) is 988.37%.

Insiders Place Their Bets

In other Genuine Parts news, insider James F. Howe sold 415 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 25,589 shares of the company’s stock, valued at $2,669,700.37. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group decreased their price target on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Truist Financial decreased their price target on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Evercore set a $160.00 price target on shares of Genuine Parts in a research note on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.71.

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.