Rockefeller Capital Management L.P. Sells 8,559 Shares of Genuine Parts Company $GPC

Rockefeller Capital Management L.P. decreased its holdings in shares of Genuine Parts Company (NYSE:GPC) by 29.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 20,636 shares of the specialty retailer’s stock after selling 8,559 shares during the period. Rockefeller Capital Management L.P.’s holdings in Genuine Parts were worth $2,537,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GPC. Community Bank N.A. purchased a new stake in shares of Genuine Parts in the 3rd quarter worth approximately $27,000. Strive Financial Group LLC purchased a new position in Genuine Parts during the fourth quarter valued at approximately $25,000. Olistico Wealth LLC purchased a new position in Genuine Parts during the fourth quarter valued at approximately $25,000. WPG Advisers LLC raised its stake in Genuine Parts by 213.0% in the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after buying an additional 164 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in Genuine Parts during the fourth quarter worth $31,000. Institutional investors own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GPC. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. DA Davidson assumed coverage on Genuine Parts in a research note on Tuesday, June 16th. They issued a “strong-buy” rating and a $145.00 target price on the stock. Truist Financial reduced their target price on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, UBS Group lowered their price target on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.88.

Insider Buying and Selling at Genuine Parts

In other news, insider James F. Howe sold 415 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total transaction of $43,296.95. Following the transaction, the insider owned 25,589 shares in the company, valued at $2,669,700.37. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.13% of the company’s stock.

Genuine Parts Stock Up 0.7%

Genuine Parts stock opened at $116.88 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 stock has a market capitalization of $16.09 billion, a price-to-earnings ratio of 271.82 and a beta of 0.67. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The business has a fifty day moving average price of $103.39 and a 200-day moving average price of $115.81.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the previous year, the business earned $1.75 EPS. The firm’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. Equities research analysts forecast that Genuine Parts Company will post 7.69 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a dividend of $1.0625 per share. The ex-dividend date is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.6%. Genuine Parts’s payout ratio is presently 988.37%.

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.