Genuine Parts Company $GPC Shares Acquired by ING Groep NV

ING Groep NV lifted its position in shares of Genuine Parts Company (NYSE:GPC) by 111.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 73,542 shares of the specialty retailer’s stock after purchasing an additional 38,774 shares during the period. ING Groep NV’s holdings in Genuine Parts were worth $9,043,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Olistico Wealth LLC purchased a new stake in Genuine Parts during the 4th quarter worth about $25,000. Community Bank N.A. acquired a new stake in shares of Genuine Parts during the 3rd quarter worth about $27,000. WPG Advisers LLC boosted its holdings in Genuine Parts by 213.0% in the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 164 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in Genuine Parts in the fourth quarter valued at approximately $32,000. Finally, Elyxium Wealth LLC acquired a new stake in Genuine Parts during the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Down 0.1%

Shares of NYSE:GPC opened at $98.05 on Monday. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 0.48. The stock has a market cap of $13.49 billion, a P/E ratio of 228.02 and a beta of 0.67. The firm has a fifty day moving average price of $103.39 and a 200 day moving average price of $118.28.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.02. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same period in the prior year, the company earned $1.75 earnings per share. The business’s 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. Sell-side analysts predict that Genuine Parts Company will post 7.65 EPS for the current year.

Genuine Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, June 5th. Genuine Parts’s dividend payout ratio (DPR) is presently 988.37%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Raymond James Financial raised Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 target price for the company in a report on Tuesday, February 24th. Finally, UBS Group decreased their target price on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Genuine Parts presently has an average rating of “Moderate Buy” and an average target price of $143.71.

Insiders Place Their Bets

In other Genuine Parts news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total value of $43,296.95. Following the transaction, the insider directly owned 25,589 shares in the company, valued at approximately $2,669,700.37. This trade represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.13% of the company’s stock.

Genuine Parts Company 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.