SG Americas Securities LLC Buys 39,113 Shares of Genuine Parts Company $GPC

SG Americas Securities LLC raised its stake in Genuine Parts Company (NYSE:GPC) by 1,374.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,958 shares of the specialty retailer’s stock after acquiring an additional 39,113 shares during the period. SG Americas Securities LLC’s holdings in Genuine Parts were worth $5,159,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of GPC. Community Bank N.A. bought a new position in shares of Genuine Parts in the third quarter worth $27,000. Peoples Financial Services CORP. bought a new stake in Genuine Parts during the third quarter worth about $29,000. Caitong International Asset Management Co. Ltd lifted its position in Genuine Parts by 6,225.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 249 shares during the period. Strategic Advocates LLC acquired a new stake in Genuine Parts during the third quarter worth about $37,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Genuine Parts during the second quarter worth about $44,000. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Stock Down 0.6%

GPC stock opened at $105.09 on Thursday. The firm has a 50-day moving average price of $122.32 and a 200-day moving average price of $127.69. Genuine Parts Company has a 12 month low of $96.08 and a 12 month high of $151.57. The company has a current ratio of 1.08, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $14.62 billion, a P/E ratio of 228.47 and a beta of 0.76.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.24). The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.06 billion. Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $1.61 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities research analysts anticipate that Genuine Parts Company will post 7.9 EPS for the current fiscal 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 paid a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, March 6th. This is a boost from Genuine Parts’s previous quarterly dividend of $1.03. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.0%. Genuine Parts’s payout ratio is presently 923.91%.

Wall Street Analysts Forecast Growth

GPC has been the subject of several analyst reports. UBS Group dropped their target price on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Raymond James Financial upgraded shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price target on the stock in a research report on Tuesday, February 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th. Zacks Research downgraded shares of Genuine Parts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 25th. Finally, Evercore set a $160.00 target price on Genuine Parts in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock 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.