Saturna Capital Corp Has $16.07 Million Stock Position in Genuine Parts Company $GPC

Saturna Capital Corp lowered its position in Genuine Parts Company (NYSE:GPCFree Report) by 60.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 152,010 shares of the specialty retailer’s stock after selling 232,000 shares during the period. Saturna Capital Corp’s holdings in Genuine Parts were worth $16,075,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Strive Financial Group LLC acquired a new position in Genuine Parts during the 4th quarter valued at about $25,000. Olistico Wealth LLC purchased a new stake in shares of Genuine Parts in the fourth quarter worth approximately $25,000. WPG Advisers LLC raised its stake in shares of 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 purchasing an additional 164 shares during the last quarter. Motiv8 Investments LLC bought a new position in shares of Genuine Parts in the fourth quarter valued at approximately $31,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Genuine Parts by 6,225.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 249 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Insider Buying and Selling

In related 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 completion of the transaction, the insider directly owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.13% of the company’s stock.

Genuine Parts News Roundup

Here are the key news stories impacting Genuine Parts this week:

Genuine Parts Stock Performance

NYSE:GPC opened at $119.70 on Wednesday. The company has a market capitalization of $16.47 billion, a P/E ratio of 278.38 and a beta of 0.63. The business has a fifty day simple moving average of $108.96 and a two-hundred day simple moving average of $115.53. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 0.48. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57.

Genuine Parts (NYSE:GPCGet Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. The business had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, analysts expect that Genuine Parts Company will post 7.69 earnings per share for the current year.

Genuine Parts Announces Dividend

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

Wall Street Analysts Forecast Growth

GPC has been the subject of several recent research reports. UBS Group decreased their price target on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Truist Financial cut their price objective on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. DA Davidson upped their target price on shares of Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Finally, Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned 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 $144.50.

Read Our Latest Analysis on Genuine Parts

Genuine Parts Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Genuine Parts (NYSE:GPC)

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