Royce & Associates LP Reduces Position in Genuine Parts Company $GPC

Royce & Associates LP lowered its position in Genuine Parts Company (NYSE:GPC) by 89.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,500 shares of the specialty retailer’s stock after selling 13,000 shares during the quarter. Royce & Associates LP’s holdings in Genuine Parts were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. 49 Wealth Management LLC increased its stake in Genuine Parts by 7.3% in the third quarter. 49 Wealth Management LLC now owns 2,899 shares of the specialty retailer’s stock valued at $402,000 after purchasing an additional 196 shares during the period. Tounjian Advisory Partners LLC boosted its stake in shares of Genuine Parts by 333.4% during the third quarter. Tounjian Advisory Partners LLC now owns 9,812 shares of the specialty retailer’s stock worth $1,360,000 after buying an additional 7,548 shares during the period. Rafferty Asset Management LLC boosted its stake in shares of Genuine Parts by 1.6% during the third quarter. Rafferty Asset Management LLC now owns 12,437 shares of the specialty retailer’s stock worth $1,724,000 after buying an additional 190 shares during the period. Argent Trust Co grew its holdings in shares of Genuine Parts by 28.2% during the third quarter. Argent Trust Co now owns 7,203 shares of the specialty retailer’s stock worth $998,000 after buying an additional 1,583 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in Genuine Parts by 1.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 77,766 shares of the specialty retailer’s stock valued at $10,778,000 after acquiring an additional 1,079 shares during the period. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Trading Down 1.2%

NYSE GPC opened at $115.73 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.08 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $16.10 billion, a P/E ratio of 251.59 and a beta of 0.75. Genuine Parts Company has a 52-week low of $104.01 and a 52-week high of $151.57. The firm has a 50-day moving average price of $131.06 and a 200 day moving average price of $132.10.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.24). Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.06 billion. During the same period in the prior year, the firm posted $1.61 EPS. Genuine Parts’s revenue for the quarter was up 4.1% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts expect that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $1.0625 per share. The ex-dividend date is Friday, March 6th. This is an increase from Genuine Parts’s previous quarterly dividend of $1.03. This represents a $4.25 annualized dividend and a yield of 3.7%. Genuine Parts’s dividend payout ratio (DPR) is currently 895.65%.

Analyst Ratings Changes

Several research firms have commented on GPC. Raymond James Financial raised Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective for the company in a research note on Tuesday, February 24th. The Goldman Sachs Group upgraded Genuine Parts from a “sell” rating to a “neutral” rating and lifted their target price for the company from $130.00 to $142.00 in a research note on Thursday, November 13th. Truist Financial set a $127.00 target price on Genuine Parts and gave the company a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, December 29th. Finally, UBS Group lowered their price objective on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.57.

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.