Genuine Parts Company $GPC Shares Sold by Kennon Green & Company LLC

Kennon Green & Company LLC trimmed its holdings in shares of Genuine Parts Company (NYSE:GPC) by 60.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,639 shares of the specialty retailer’s stock after selling 5,525 shares during the period. Kennon Green & Company LLC’s holdings in Genuine Parts were worth $458,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GPC. CX Institutional grew its holdings in shares of Genuine Parts by 20.0% in the 3rd quarter. CX Institutional now owns 2,892 shares of the specialty retailer’s stock worth $364,000 after acquiring an additional 483 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Genuine Parts by 14.7% during the third quarter. Versant Capital Management Inc now owns 2,399 shares of the specialty retailer’s stock valued at $302,000 after purchasing an additional 308 shares during the last quarter. Montecito Bank & Trust purchased a new stake in shares of Genuine Parts during the third quarter valued at $243,000. Cacti Asset Management LLC boosted its position in shares of Genuine Parts by 58.0% in the 3rd quarter. Cacti Asset Management LLC now owns 139,005 shares of the specialty retailer’s stock valued at $17,647,000 after purchasing an additional 51,051 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of Genuine Parts by 4.4% in the 2nd quarter. QRG Capital Management Inc. now owns 8,372 shares of the specialty retailer’s stock valued at $988,000 after purchasing an additional 356 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GPC. Truist Financial upped their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Evercore reissued an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. DA Davidson boosted their price target on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Raymond James Financial restated a “strong-buy” rating and issued a $165.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $147.86.

Genuine Parts Stock Down 0.7%

Genuine Parts stock traded down $0.85 during mid-day trading on Monday, hitting $126.39. The company’s stock had a trading volume of 707,943 shares, compared to its average volume of 1,588,099. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The company has a market cap of $17.42 billion, a PE ratio of 505.54, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The firm’s 50 day moving average is $132.31 and its 200 day moving average is $116.60.

Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.07. The company had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, analysts anticipate that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were given a dividend of $1.0625 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a yield of 3.4%. Genuine Parts’s payout ratio is presently 1,700.00%.

Genuine Parts Company Profile

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts and industrial components. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional repair businesses, retailers, equipment manufacturers, and other commercial customers through a broad distribution and service network.

In its automotive business, Genuine Parts distributes replacement parts, accessories, tools, and equipment for cars and light trucks. Its operations include the NAPA Auto Parts brand in North America, along with automotive distribution businesses serving customers in Europe and Australasia.