Hunter Associates Investment Management LLC Acquires 5,436 Shares of Genuine Parts Company $GPC

Hunter Associates Investment Management LLC boosted its holdings in Genuine Parts Company (NYSE:GPC) by 26.8% during the 1st quarter, Holdings Channel reports. The firm owned 25,717 shares of the specialty retailer’s stock after acquiring an additional 5,436 shares during the period. Hunter Associates Investment Management LLC’s holdings in Genuine Parts were worth $2,723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Olistico Wealth LLC purchased a new stake in shares of Genuine Parts during the 4th quarter valued at $25,000. Strive Financial Group LLC purchased a new position in shares of Genuine Parts in the 4th quarter worth about $25,000. Community Bank N.A. purchased a new position in shares of Genuine Parts in the 3rd quarter worth about $27,000. WPG Advisers LLC grew its position in Genuine Parts by 213.0% during the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 164 shares during the period. Finally, Motiv8 Investments LLC bought a new position in Genuine Parts during the fourth quarter valued at about $31,000. Institutional investors own 78.83% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. UBS Group reduced their target price on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. DA Davidson initiated coverage on shares of Genuine Parts in a research report on Tuesday, June 16th. They set a “strong-buy” rating and a $145.00 target price for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Finally, Truist Financial lowered their price target on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Genuine Parts presently has a consensus rating of “Moderate Buy” and an average target price of $143.88.

Insider Activity at Genuine Parts

In related news, insider James F. Howe sold 415 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total transaction of $43,296.95. Following the sale, the insider directly owned 25,589 shares in the company, valued at approximately $2,669,700.37. This represents a 1.60% decrease in their position. The sale was disclosed in a filing 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 Trading Up 0.5%

Shares of GPC opened at $133.24 on Friday. The business has a 50-day moving average of $104.37 and a 200 day moving average of $115.74. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The firm has a market cap of $18.34 billion, a P/E ratio of 309.85 and a beta of 0.63. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.02. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.17 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, research analysts forecast that Genuine Parts Company will post 7.69 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a $1.0625 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. Genuine Parts’s payout ratio is 988.37%.

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.