Greenwood Capital Associates LLC Invests $894,000 in Genuine Parts Company $GPC

Greenwood Capital Associates LLC purchased a new stake in Genuine Parts Company (NYSE:GPC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,452 shares of the specialty retailer’s stock, valued at approximately $894,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GPC. Norges Bank acquired a new position in Genuine Parts during the 4th quarter worth approximately $293,471,000. Baupost Group LLC MA bought a new position in Genuine Parts in the 3rd quarter valued at approximately $193,347,000. Northwestern Mutual Wealth Management Co. boosted its position in Genuine Parts by 7,774.2% in 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 buying an additional 1,219,300 shares in the last quarter. Interval Partners LP boosted its position 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 buying an additional 754,117 shares in the last quarter. Finally, Junto Capital Management LP bought a new stake in shares of Genuine Parts during the third quarter worth $65,551,000. 78.83% of the stock is owned by institutional investors.

Genuine Parts Stock Performance

Shares of Genuine Parts stock opened at $124.32 on Friday. The stock has a market cap of $17.11 billion, a price-to-earnings ratio of 289.12 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. The company’s fifty day moving average is $105.90 and its 200 day moving average is $115.61. 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 announced its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.02. The business had revenue of $6.26 billion during 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%.Genuine Parts’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts forecast that Genuine Parts Company will post 7.69 EPS 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. The ex-dividend date of this dividend was Friday, June 5th. This represents a $4.25 annualized dividend and a dividend yield of 3.4%. Genuine Parts’s dividend payout ratio is presently 988.37%.

Insider Activity

In other news, insider James F. Howe sold 415 shares of the firm’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 in the company, valued at $2,669,700.37. This trade represents a 1.60% decrease in their ownership of the stock. The sale 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. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

GPC has been the subject of several research analyst reports. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. DA Davidson raised their price objective on Genuine Parts from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research 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 report on Wednesday, April 22nd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $144.50.

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.