Allstate Corp Boosts Holdings in Genuine Parts Company $GPC

Allstate Corp lifted its position in shares of Genuine Parts Company (NYSE:GPC) by 153.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,270 shares of the specialty retailer’s stock after acquiring an additional 6,821 shares during the quarter. Allstate Corp’s holdings in Genuine Parts were worth $1,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GPC. Olistico Wealth LLC purchased a new position in shares of Genuine Parts during the 4th quarter worth approximately $25,000. Community Bank N.A. acquired a new stake in Genuine Parts during the 3rd quarter worth approximately $27,000. WPG Advisers LLC lifted its holdings in Genuine Parts by 213.0% during the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after buying an additional 164 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in Genuine Parts during the 4th quarter worth approximately $32,000. Finally, Elyxium Wealth LLC acquired a new stake in Genuine Parts during the 4th quarter worth approximately $33,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Stock Down 0.7%

Shares of NYSE GPC opened at $98.55 on Friday. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. The company has a market capitalization of $13.56 billion, a PE ratio of 229.19 and a beta of 0.70. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 0.48. The firm’s 50-day moving average is $103.65 and its two-hundred day moving average is $119.33.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the firm earned $1.75 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts anticipate that Genuine Parts Company will post 7.65 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, June 5th. Genuine Parts’s payout ratio is currently 988.37%.

Insider Buying and Selling at Genuine Parts

In other news, insider James F. Howe sold 415 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total value of $43,296.95. Following the completion of the transaction, the insider owned 25,589 shares of the company’s stock, valued at $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Truist Financial reduced their target price 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. Evercore set a $160.00 target price on shares of Genuine Parts in a report on Friday, February 20th. 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 on the stock in a report on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. One investment analyst has 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. According to MarketBeat, Genuine Parts currently has an average rating of “Moderate Buy” and an average price target of $143.71.

About Genuine Parts

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.