4,807 Shares in Genuine Parts Company $GPC Bought by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC acquired a new position in shares of Genuine Parts Company (NYSE:GPC) in the first quarter, Holdings Channel.com reports. The firm acquired 4,807 shares of the specialty retailer’s stock, valued at approximately $508,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GPC. Vanguard Group Inc. raised its holdings in shares of Genuine Parts by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer’s stock valued at $2,155,975,000 after acquiring an additional 167,981 shares during the last quarter. State Street Corp raised its holdings in Genuine Parts by 1.4% in the 4th quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer’s stock valued at $940,940,000 after acquiring an additional 107,440 shares during the last quarter. Barclays PLC raised its holdings in Genuine Parts by 10.6% in the 4th quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock valued at $479,711,000 after acquiring an additional 373,065 shares during the last quarter. Geode Capital Management LLC lifted its stake in Genuine Parts by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock worth $462,772,000 after purchasing an additional 64,676 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Genuine Parts by 16.6% in the 4th quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer’s stock worth $308,935,000 after purchasing an additional 357,979 shares in the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on GPC. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. DA Davidson began coverage on Genuine Parts in a report on Tuesday, June 16th. They set a “strong-buy” rating and a $145.00 price target 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 target 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 dropped 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. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $143.88.

Genuine Parts Stock Performance

NYSE GPC opened at $133.24 on Friday. The stock has a fifty day simple moving average of $104.37 and a 200-day simple moving average of $115.74. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. The stock has a market cap of $18.34 billion, a PE ratio of 309.85 and a beta of 0.63. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data 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 firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the firm earned $1.75 EPS. Genuine Parts’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. Equities analysts anticipate that Genuine Parts Company will post 7.69 earnings per share for the current year.

Genuine Parts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, June 5th. Genuine Parts’s payout ratio is 988.37%.

Insider Activity

In other news, insider James F. Howe sold 415 shares of the company’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 transaction, the insider directly owned 25,589 shares in the company, valued at approximately $2,669,700.37. This represents a 1.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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.

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.