Equity Investment Corp Grows Stock Holdings in Genuine Parts Company $GPC

Equity Investment Corp grew its holdings in shares of Genuine Parts Company (NYSE:GPC) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 757,432 shares of the specialty retailer’s stock after purchasing an additional 7,719 shares during the period. Equity Investment Corp owned approximately 0.54% of Genuine Parts worth $93,134,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Olistico Wealth LLC purchased a new position in shares of Genuine Parts during the fourth quarter valued at approximately $25,000. Community Bank N.A. purchased a new position in shares of Genuine Parts during the third quarter valued at approximately $27,000. WPG Advisers LLC lifted its holdings in shares of Genuine Parts by 213.0% during the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 164 shares during the last quarter. Lodestone Wealth Management LLC purchased a new position in shares of Genuine Parts during the fourth quarter valued at approximately $32,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Genuine Parts during the fourth quarter valued at approximately $33,000. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Genuine Parts news, insider James F. Howe sold 415 shares of Genuine Parts 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 sale, the insider owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. The trade was a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.13% of the company’s stock.

Genuine Parts Trading Up 3.9%

NYSE:GPC opened at $102.27 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57. The company has a market cap of $14.07 billion, a PE ratio of 237.84 and a beta of 0.66. The company has a 50 day simple moving average of $102.93 and a two-hundred day simple moving average of $117.52.

Genuine Parts (NYSE:GPC) last posted 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. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the firm posted $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. Research analysts forecast that Genuine Parts Company will post 7.67 earnings per share for the current year.

Genuine Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders 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 yield of 4.2%. The ex-dividend date of this dividend is Friday, June 5th. Genuine Parts’s payout ratio is 988.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently 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. Weiss Ratings restated 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 price objective for the company in a report on Tuesday, February 24th. UBS Group decreased their price objective 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. Finally, Truist Financial decreased their price objective on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. 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. Based on data from 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.