7,691 Genuine Parts Company $GPC Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its holdings in shares of Genuine Parts Company (NYSE:GPC) by 11.0% in the third quarter, Holdings Channel reports. The firm owned 62,539 shares of the specialty retailer’s stock after selling 7,691 shares during the period. Illinois Municipal Retirement Fund’s holdings in Genuine Parts were worth $7,864,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GPC. Focus Financial Network Inc. lifted its position in Genuine Parts by 2.9% during the third quarter. Focus Financial Network Inc. now owns 2,725 shares of the specialty retailer’s stock valued at $346,000 after buying an additional 77 shares in the last quarter. North Dakota State Investment Board grew its stake in Genuine Parts by 2.0% during the third quarter. North Dakota State Investment Board now owns 4,208 shares of the specialty retailer’s stock worth $529,000 after buying an additional 83 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC increased its position in shares of Genuine Parts by 4.9% in the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 1,799 shares of the specialty retailer’s stock worth $226,000 after acquiring an additional 84 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its position in shares of Genuine Parts by 13.8% in the second quarter. Beacon Investment Advisory Services Inc. now owns 727 shares of the specialty retailer’s stock worth $86,000 after acquiring an additional 88 shares in the last quarter. Finally, C2C Wealth Management LLC increased its position in shares of Genuine Parts by 3.8% in the third quarter. C2C Wealth Management LLC now owns 2,750 shares of the specialty retailer’s stock worth $346,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Down 0.8%

Shares of NYSE:GPC opened at $122.78 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.22 and a debt-to-equity ratio of 0.96. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The company has a 50 day moving average of $127.91 and a two-hundred day moving average of $119.75. The company has a market capitalization of $16.93 billion, a price-to-earnings ratio of 491.12, a price-to-earnings-growth ratio of 2.71 and a beta of 0.65.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, October 20th. The specialty retailer reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.03. Genuine Parts had a net margin of 0.12% and a return on equity of 23.00%. The business had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.49 billion. During the same period in the previous year, the company posted $1.98 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, analysts forecast that Genuine Parts Company will post 7.60 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 5th. Investors of record on Friday, December 4th will be paid a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $4.25 annualized dividend and a yield of 3.5%. Genuine Parts’s payout ratio is 1,700.00%.

Recent Genuine Parts Headlines

These are some of the GPC headlines that stood out recently:

• Positive Sentiment: Sell-side brokerages collectively rate GPC “Moderate Buy,” a supportive signal for investor sentiment. Genuine Parts Company Stock Now Rated Moderate Buy by Sell-Side Brokerages
• Positive Sentiment: Zacks Research raised its Q3 2027 EPS forecast to $2.18 from $2.11 and its Q2 2027 estimate slightly to $2.22 from $2.21.
• Negative Sentiment: Zacks Research cut several forecasts, including FY2026 EPS to $7.58 from $7.68 and FY2028 EPS to $9.09 from $9.57. It also reduced estimates for Q4 2026, Q1 2028, Q2 2028, Q3 2028, and Q4 2027, signaling softer expectations across multiple periods.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Truist Financial raised their target price on shares of Genuine Parts from $126.00 to $131.00 and gave the company a “hold” rating in a research note on Tuesday, October 20th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $165.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price target on Genuine Parts from $125.00 to $137.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Finally, DA Davidson raised their price objective on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.00.

Genuine Parts Profile

Genuine Parts Company is a distributor of automotive replacement parts and industrial products. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves businesses and consumers through its distribution networks and brands. Its automotive business distributes replacement parts, accessories and related products, including through the NAPA Auto Parts brand. Its industrial business, operating primarily as Motion, supplies products such as bearings, power-transmission components, fluid-power equipment and other maintenance and repair items to industrial customers.