BXM Wealth LLC Has $270,000 Holdings in Genuine Parts Company $GPC

BXM Wealth LLC cut its holdings in shares of Genuine Parts Company (NYSE:GPC) by 95.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,556 shares of the specialty retailer’s stock after selling 48,540 shares during the period. BXM Wealth LLC’s holdings in Genuine Parts were worth $270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in Genuine Parts in the fourth quarter worth $293,471,000. Baupost Group LLC MA acquired a new stake in shares of Genuine Parts in the third quarter valued at $193,347,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Genuine Parts by 7,774.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock valued at $151,854,000 after buying an additional 1,219,300 shares in the last quarter. Interval Partners LP raised its holdings in shares of Genuine Parts by 422.5% in the third quarter. Interval Partners LP now owns 932,596 shares of the specialty retailer’s stock valued at $129,258,000 after buying an additional 754,117 shares during the last quarter. Finally, Junto Capital Management LP bought a new position in shares of Genuine Parts in the third quarter valued at about $65,551,000. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Price Performance

Shares of GPC stock opened at $116.88 on Tuesday. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The stock has a market cap of $16.09 billion, a PE ratio of 271.82 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. The firm’s 50 day moving average price is $103.39 and its two-hundred day moving average price is $115.81.

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

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be paid a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.6%. Genuine Parts’s payout ratio is 988.37%.

Wall Street Analyst Weigh In

GPC has been the subject of several research reports. DA Davidson began coverage on shares of Genuine Parts in a research report on Tuesday, June 16th. They issued a “strong-buy” rating and a $145.00 price objective for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. UBS Group lowered their price target on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Truist Financial reduced their price objective on 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $143.88.

Insider Buying and Selling

In related news, insider James F. Howe sold 415 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total value of $43,296.95. Following the completion of the sale, the insider owned 25,589 shares in the company, valued at approximately $2,669,700.37. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.13% of the company’s stock.

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.