Genuine Parts Company $GPC Stock Position Cut by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. decreased its position in shares of Genuine Parts Company (NYSE:GPC) by 15.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,263 shares of the specialty retailer’s stock after selling 30,584 shares during the period. Tocqueville Asset Management L.P. owned 0.12% of Genuine Parts worth $22,628,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Genuine Parts in the second quarter valued at $211,661,000. Federated Hermes Inc. acquired a new position in shares of Genuine Parts in the 2nd quarter valued at about $107,015,000. Nomura Holdings Inc. lifted its position in Genuine Parts by 142.1% in the 2nd quarter. Nomura Holdings Inc. now owns 529,330 shares of the specialty retailer’s stock worth $64,213,000 after buying an additional 310,715 shares in the last quarter. Vanguard Group Inc. increased its position in Genuine Parts by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 17,309,178 shares of the specialty retailer’s stock worth $2,099,776,000 after purchasing an additional 260,787 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Genuine Parts by 119.2% in the second quarter. First Trust Advisors LP now owns 403,640 shares of the specialty retailer’s stock worth $48,966,000 after buying an additional 219,524 shares during the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. The Goldman Sachs Group raised Genuine Parts from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $130.00 to $142.00 in a research report on Thursday, November 13th. Evercore set a $160.00 price objective on shares of Genuine Parts in a research report on Friday, February 20th. UBS Group decreased their price target on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Truist Financial set a $127.00 target price on Genuine Parts and gave the stock a “hold” rating in a report on Wednesday, February 18th. Finally, Raymond James Financial upgraded shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price target on the stock in a research report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $145.57.

Genuine Parts Trading Down 1.0%

GPC traded down $1.05 during trading on Friday, reaching $105.96. 218,219 shares of the company’s stock were exchanged, compared to its average volume of 1,440,407. The company’s fifty day moving average price is $129.90 and its 200-day moving average price is $131.31. The firm has a market capitalization of $14.74 billion, a PE ratio of 229.95 and a beta of 0.75. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.46 and a current ratio of 1.08. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week high of $151.57.

Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.24). Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same period in the previous year, the company posted $1.61 EPS. The company’s quarterly revenue was up 4.1% 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 forecast that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a dividend of $1.0625 per share. This is a boost from Genuine Parts’s previous quarterly dividend of $1.03. This represents a $4.25 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, March 6th. Genuine Parts’s dividend payout ratio is presently 923.91%.

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.