Opal Capital LLC Purchases Shares of 30,690 Genuine Parts Company $GPC

Opal Capital LLC purchased a new stake in shares of Genuine Parts Company (NYSE:GPC) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 30,690 shares of the specialty retailer’s stock, valued at approximately $3,776,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. United Asset Strategies Inc. lifted its position in Genuine Parts by 1.6% during the fourth quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock valued at $552,000 after buying an additional 72 shares in the last quarter. J2 Capital Management Inc raised its stake in shares of Genuine Parts by 1.9% during the fourth quarter. J2 Capital Management Inc now owns 4,136 shares of the specialty retailer’s stock valued at $509,000 after purchasing an additional 79 shares during the period. Wealthcare Advisory Partners LLC raised its stake in shares of Genuine Parts by 0.6% during the third quarter. Wealthcare Advisory Partners LLC now owns 14,806 shares of the specialty retailer’s stock valued at $2,052,000 after purchasing an additional 83 shares during the period. Capital Investment Advisors LLC raised its stake in shares of Genuine Parts by 0.6% during the fourth quarter. Capital Investment Advisors LLC now owns 14,173 shares of the specialty retailer’s stock valued at $1,743,000 after purchasing an additional 83 shares during the period. Finally, Matrix Trust Co raised its stake in shares of Genuine Parts by 27.6% during the fourth quarter. Matrix Trust Co now owns 393 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 85 shares during the period. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Trading Up 2.4%

GPC opened at $107.13 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm’s 50 day moving average is $103.00 and its 200-day moving average is $117.03. The firm has a market capitalization of $14.74 billion, a P/E ratio of 249.14 and a beta of 0.66. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.02. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.17 billion. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts expect that Genuine Parts Company will post 7.67 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, June 5th. Genuine Parts’s payout ratio is 988.37%.

Analyst Ratings Changes

A number of research firms have recently issued reports on GPC. Truist Financial dropped their price objective on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Raymond James Financial upgraded shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, February 24th. UBS Group dropped their price objective on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th. Finally, Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Genuine Parts has a consensus rating of “Moderate Buy” and a consensus target price of $143.88.

Insider Activity

In related news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction 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 sale, the insider owned 25,589 shares in the company, valued at approximately $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 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.