Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 13,900 Shares of Genuine Parts Company $GPC

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Genuine Parts Company (NYSE:GPC) by 85.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 30,262 shares of the specialty retailer’s stock after acquiring an additional 13,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Genuine Parts were worth $3,200,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Jefferies Financial Group Inc. bought a new stake in Genuine Parts during the 3rd quarter worth about $4,213,000. TABR Capital Management LLC bought a new position in shares of Genuine Parts in the fourth quarter worth about $4,217,000. California Public Employees Retirement System lifted its position in shares of Genuine Parts by 12.1% during the third quarter. California Public Employees Retirement System now owns 533,603 shares of the specialty retailer’s stock worth $73,957,000 after purchasing an additional 57,694 shares in the last quarter. Conning Inc. lifted its position in shares of Genuine Parts by 5.7% during the fourth quarter. Conning Inc. now owns 246,390 shares of the specialty retailer’s stock worth $30,296,000 after purchasing an additional 13,357 shares in the last quarter. Finally, Swiss Life Asset Management Ltd grew its stake in shares of Genuine Parts by 103.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 247,195 shares of the specialty retailer’s stock valued at $30,395,000 after purchasing an additional 125,491 shares during the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GPC shares. Zacks Research raised 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 report on Wednesday, June 24th. Truist Financial lowered their target price on Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. UBS Group dropped their target price on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Finally, DA Davidson upped their price target on Genuine Parts from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Genuine Parts has a consensus rating of “Moderate Buy” and a consensus target price of $144.50.

Genuine Parts Price Performance

Shares of GPC stock opened at $128.77 on Tuesday. The firm’s 50 day moving average price is $104.75 and its two-hundred day moving average price is $115.62. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The stock has a market cap of $17.72 billion, a PE ratio of 299.47 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last issued its earnings results 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 company had revenue of $6.26 billion during 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 business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, analysts forecast that Genuine Parts Company will post 7.69 EPS for the current year.

Genuine Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, June 5th. Genuine Parts’s dividend payout ratio is currently 988.37%.

Insiders Place Their Bets

In other Genuine Parts news, insider James F. Howe sold 415 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total value of $43,296.95. Following the transaction, the insider owned 25,589 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.