Assenagon Asset Management S.A. Has $7.15 Million Holdings in Genuine Parts Company $GPC

Assenagon Asset Management S.A. grew its position in shares of Genuine Parts Company (NYSE:GPC) by 15.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,616 shares of the specialty retailer’s stock after purchasing an additional 8,828 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Genuine Parts were worth $7,150,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GPC. Norges Bank acquired a new position in Genuine Parts in the fourth quarter valued at $293,471,000. Baupost Group LLC MA bought a new position in shares of Genuine Parts during the 3rd quarter worth approximately $193,347,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Genuine Parts by 7,774.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock worth $151,854,000 after buying an additional 1,219,300 shares during the period. Interval Partners LP grew its position in shares of Genuine Parts by 422.5% during the 3rd quarter. Interval Partners LP now owns 932,596 shares of the specialty retailer’s stock worth $129,258,000 after buying an additional 754,117 shares during the period. Finally, Junto Capital Management LP bought a new stake in shares of Genuine Parts in the 3rd quarter valued at $65,551,000. Institutional investors own 78.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. DA Davidson started coverage on shares of Genuine Parts in a research report on Tuesday, June 16th. They set a “strong-buy” rating and a $145.00 target price 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 reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday. Truist Financial cut their price objective on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Finally, UBS Group reduced their target price on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Two investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.88.

Genuine Parts Stock Performance

Shares of Genuine Parts stock opened at $116.20 on Monday. The company has a market cap of $15.99 billion, a PE ratio of 270.23 and a beta of 0.67. Genuine Parts Company has a 52 week low of $90.78 and a 52 week high of $151.57. The business has a 50 day moving average price of $103.27 and a 200-day moving average price of $115.88. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.02. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.17 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $1.75 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts anticipate that Genuine Parts Company will post 7.69 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a dividend of $1.0625 per share. The ex-dividend date is Friday, June 5th. This represents a $4.25 annualized dividend and a yield of 3.7%. Genuine Parts’s dividend payout ratio (DPR) is 988.37%.

Insiders Place Their Bets

In other Genuine Parts news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total transaction of $43,296.95. Following the transaction, the insider directly owned 25,589 shares of the company’s stock, valued at $2,669,700.37. The trade was a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Company 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.