Greenwood Capital Associates LLC Invests $894,000 in Genuine Parts Company $GPC

Greenwood Capital Associates LLC acquired a new position in shares of Genuine Parts Company (NYSE:GPC) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,452 shares of the specialty retailer’s stock, valued at approximately $894,000.

Other hedge funds have also bought and sold shares of the company. United Asset Strategies Inc. boosted its position in Genuine Parts by 1.6% during the fourth 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 last quarter. J2 Capital Management Inc grew its holdings in Genuine Parts by 1.9% during the 4th quarter. J2 Capital Management Inc now owns 4,136 shares of the specialty retailer’s stock worth $509,000 after acquiring an additional 79 shares during the period. Capital Investment Advisors LLC raised its position in shares of Genuine Parts by 0.6% in the 4th quarter. Capital Investment Advisors LLC now owns 14,173 shares of the specialty retailer’s stock worth $1,743,000 after acquiring an additional 83 shares in the last quarter. IHT Wealth Management LLC raised its position in shares of Genuine Parts by 1.8% in the 4th quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock worth $571,000 after acquiring an additional 83 shares in the last quarter. Finally, Matrix Trust Co raised its position in shares of Genuine Parts by 27.6% in the 4th quarter. Matrix Trust Co now owns 393 shares of the specialty retailer’s stock worth $48,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Insider Buying and Selling at Genuine Parts

In related news, insider James F. Howe sold 415 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total transaction of $43,296.95. Following the completion of the sale, the insider owned 25,589 shares in the company, valued at approximately $2,669,700.37. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by corporate insiders.

Genuine Parts Trading Down 0.3%

NYSE GPC opened at $124.32 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. Genuine Parts Company has a 52 week low of $90.78 and a 52 week high of $151.57. The business has a 50 day moving average price of $105.90 and a 200-day moving average price of $115.61. The company has a market cap of $17.11 billion, a price-to-earnings ratio of 289.12 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same period last year, the business earned $1.75 EPS. Genuine Parts’s quarterly revenue was up 6.8% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts expect that Genuine Parts Company will post 7.69 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, June 5th. Genuine Parts’s dividend payout ratio is currently 988.37%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GPC. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Truist Financial lowered their target price on Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. UBS Group dropped their price target on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Finally, DA Davidson raised their price objective on shares of Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Genuine Parts has an average rating of “Moderate Buy” and an average price target of $144.50.

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.