Bessemer Group Inc. Has $1.11 Million Position in Genuine Parts Company $GPC

Bessemer Group Inc. cut its stake in shares of Genuine Parts Company (NYSE:GPC) by 96.8% during the first quarter, HoldingsChannel.com reports. The firm owned 10,502 shares of the specialty retailer’s stock after selling 313,935 shares during the period. Bessemer Group Inc.’s holdings in Genuine Parts were worth $1,111,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Olistico Wealth LLC acquired a new position in shares of Genuine Parts in the fourth quarter worth $25,000. Strive Financial Group LLC acquired a new stake in Genuine Parts during the fourth quarter valued at $25,000. WPG Advisers LLC grew its stake in Genuine Parts by 213.0% in 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 in the last quarter. Motiv8 Investments LLC acquired a new position in Genuine Parts in the 4th quarter worth about $31,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Genuine Parts during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Truist Financial boosted their price target on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research report on Wednesday. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Raymond James Financial reissued a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a research report on Wednesday. Finally, DA Davidson increased their price target on shares of Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.00.

Genuine Parts Stock Performance

Shares of NYSE GPC opened at $119.94 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.48 and a current ratio of 1.16. The firm has a market cap of $16.54 billion, a price-to-earnings ratio of 479.77 and a beta of 0.63. The business’s 50-day simple moving average is $109.85 and its 200-day simple moving average is $115.48. Genuine Parts Company has a 52 week low of $90.78 and a 52 week high of $151.57.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.07. The firm had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities research analysts expect that Genuine Parts Company will post 7.69 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently disclosed 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 3.5%. The ex-dividend date was Friday, June 5th. Genuine Parts’s payout ratio is presently 1,700.00%.

Insider Activity

In related news, insider James F. Howe sold 415 shares of the company’s 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 completion of the sale, the insider directly owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. This represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.13% of the company’s stock.

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.