Genuine Parts Company $GPC Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC lessened its holdings in Genuine Parts Company (NYSE:GPC) by 11.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,037 shares of the specialty retailer’s stock after selling 5,715 shares during the quarter. KCM Investment Advisors LLC’s holdings in Genuine Parts were worth $4,868,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GPC. SummitTX Capital L.P. raised its holdings in shares of Genuine Parts by 72.6% during the first quarter. SummitTX Capital L.P. now owns 43,070 shares of the specialty retailer’s stock worth $4,555,000 after purchasing an additional 18,115 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Genuine Parts during the 1st quarter worth about $3,257,000. OMERS ADMINISTRATION Corp raised its stake in shares of Genuine Parts by 31.4% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 6,571 shares of the specialty retailer’s stock valued at $695,000 after buying an additional 1,572 shares during the last quarter. Waverly Advisors LLC lifted its holdings in shares of Genuine Parts by 7.3% in the 1st quarter. Waverly Advisors LLC now owns 21,808 shares of the specialty retailer’s stock valued at $2,306,000 after buying an additional 1,486 shares during the period. Finally, Entropy Technologies LP purchased a new stake in shares of Genuine Parts in the first quarter worth about $581,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Stock Up 2.9%

GPC stock opened at $127.75 on Tuesday. Genuine Parts Company has a 52 week low of $90.78 and a 52 week high of $151.57. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88. The firm has a 50-day simple moving average of $111.17 and a 200-day simple moving average of $115.51. The stock has a market capitalization of $17.61 billion, a P/E ratio of 511.00 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The company had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same period in the previous year, the firm posted $2.10 EPS. Genuine Parts’s revenue was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts forecast that Genuine Parts Company will post 7.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on GPC shares. Truist Financial lifted their price target on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. DA Davidson raised their price objective on shares of Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Finally, UBS Group reiterated a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $145.00.

Insider Activity

In other 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 sale, the insider directly owned 25,589 shares of the company’s stock, valued at $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by corporate insiders.

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.