Hsbc Holdings PLC Boosts Stake in Genuine Parts Company $GPC

Hsbc Holdings PLC boosted its holdings in Genuine Parts Company (NYSE:GPC) by 19.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 477,970 shares of the specialty retailer’s stock after buying an additional 77,936 shares during the quarter. Hsbc Holdings PLC’s holdings in Genuine Parts were worth $58,887,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GPC. SHP Wealth Management bought a new stake in shares of Genuine Parts during the 4th quarter valued at about $84,000. Employees Provident Fund Board bought a new position in shares of Genuine Parts in the fourth quarter worth approximately $27,051,000. Caitong International Asset Management Co. Ltd raised its stake in Genuine Parts by 34.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 88 shares in the last quarter. MidFirst Bank bought a new stake in Genuine Parts during the fourth quarter valued at approximately $205,000. Finally, Pacer Advisors Inc. lifted its position in Genuine Parts by 2.9% during the fourth quarter. Pacer Advisors Inc. now owns 11,416 shares of the specialty retailer’s stock valued at $1,404,000 after purchasing an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Truist Financial decreased 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. Raymond James Financial upgraded shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 target price for the company in a research report on Tuesday, February 24th. UBS Group reduced their target price on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Finally, DA Davidson assumed coverage on Genuine Parts in a research report on Tuesday, June 16th. They set a “strong-buy” rating and a $145.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.88.

Insider Transactions at Genuine Parts

In other news, insider James F. Howe sold 415 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total transaction of $43,296.95. Following the transaction, the insider directly owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by insiders.

Genuine Parts Trading Down 3.0%

GPC stock opened at $105.40 on Tuesday. The company has a market capitalization of $14.51 billion, a PE ratio of 245.12 and a beta of 0.67. 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 Company has a one year low of $90.78 and a one year high of $151.57. The company’s 50 day moving average price is $103.09 and its two-hundred day moving average price is $116.39.

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. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter in the prior year, the company earned $1.75 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, analysts predict that Genuine Parts Company will post 7.7 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

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

Genuine Parts Company 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.