Synergy Asset Management LLC Lowers Position in Genuine Parts Company $GPC

Synergy Asset Management LLC lessened its holdings in shares of Genuine Parts Company (NYSE:GPC) by 65.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,898 shares of the specialty retailer’s stock after selling 71,130 shares during the quarter. Synergy Asset Management LLC’s holdings in Genuine Parts were worth $4,537,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. LongView Wealth Management raised its stake in Genuine Parts by 15.4% in the fourth quarter. LongView Wealth Management now owns 69,594 shares of the specialty retailer’s stock valued at $8,992,000 after purchasing an additional 9,271 shares in the last quarter. Butensky & Cohen Financial Security Inc. increased its holdings in shares of Genuine Parts by 2.6% in the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 39,660 shares of the specialty retailer’s stock worth $4,877,000 after buying an additional 1,017 shares during the last quarter. Olistico Wealth LLC bought a new stake in shares of Genuine Parts during the 4th quarter worth $25,000. Czech National Bank grew its position in Genuine Parts by 3.8% in the fourth quarter. Czech National Bank now owns 36,677 shares of the specialty retailer’s stock worth $4,510,000 after acquiring an additional 1,350 shares in the last quarter. Finally, Pensionfund Sabic bought a new position in Genuine Parts in the fourth quarter valued at $1,057,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Monday, December 29th. Evercore set a $160.00 price target on shares of Genuine Parts in a research note on Friday, February 20th. Truist Financial set a $127.00 price objective on shares of Genuine Parts and gave the stock a “hold” rating in a report on Wednesday, February 18th. Raymond James Financial raised shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 target price on the stock in a report on Tuesday, February 24th. Finally, UBS Group lowered their price target on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.57.

Genuine Parts Stock Up 0.1%

Shares of NYSE GPC opened at $105.24 on Friday. The firm’s fifty day moving average is $124.75 and its 200 day moving average is $128.76. Genuine Parts Company has a 52 week low of $96.08 and a 52 week high of $151.57. The company has a quick ratio of 0.46, a current ratio of 1.08 and a debt-to-equity ratio of 0.79. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 228.78 and a beta of 0.75.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.24). The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.06 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.27%.Genuine Parts’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the business earned $1.61 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities research analysts expect that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

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