Bank of New York Mellon Corp Has $114.48 Million Stock Position in Genuine Parts Company $GPC

Bank of New York Mellon Corp lifted its stake in Genuine Parts Company (NYSE:GPC) by 13.0% during the 4th quarter, Holdings Channel reports. The firm owned 931,028 shares of the specialty retailer’s stock after acquiring an additional 107,006 shares during the period. Bank of New York Mellon Corp’s holdings in Genuine Parts were worth $114,479,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in Genuine Parts in the fourth quarter valued at about $293,471,000. Baupost Group LLC MA bought a new position in Genuine Parts during the 3rd quarter worth approximately $193,347,000. Northwestern Mutual Wealth Management Co. grew its holdings in Genuine Parts by 7,774.2% during 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 purchasing an additional 1,219,300 shares during the period. Interval Partners LP increased its stake in 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 purchasing an additional 754,117 shares in the last quarter. Finally, Junto Capital Management LP bought a new stake in Genuine Parts in the third quarter valued at approximately $65,551,000. 78.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Truist Financial lowered their price objective on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. Raymond James Financial raised 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 note on Tuesday, February 24th. Finally, Evercore set a $160.00 price target on Genuine Parts in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $143.71.

Genuine Parts Stock Down 0.1%

Shares of GPC stock opened at $98.05 on Monday. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average of $103.39 and a 200-day moving average of $118.28. The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 228.02 and a beta of 0.67.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.75 by $0.02. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.17 billion. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities research analysts predict that Genuine Parts Company will post 7.65 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued 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 is Friday, June 5th. Genuine Parts’s payout ratio is 988.37%.

Insider Activity at Genuine Parts

In other 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 transaction of $43,296.95. Following the completion of the transaction, the insider directly owned 25,589 shares of the company’s stock, valued at $2,669,700.37. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by company insiders.

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.