BI Asset Management Fondsmaeglerselskab A S Boosts Stock Holdings in Genuine Parts Company $GPC

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Genuine Parts Company (NYSE:GPC) by 63.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,572 shares of the specialty retailer’s stock after purchasing an additional 6,848 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Genuine Parts were worth $1,858,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GPC. Olistico Wealth LLC bought a new position in shares of Genuine Parts during the fourth quarter valued at approximately $25,000. Strive Financial Group LLC purchased a new position in Genuine Parts during the fourth quarter valued at approximately $25,000. Community Bank N.A. bought a new position in Genuine Parts in the third quarter worth approximately $27,000. WPG Advisers LLC raised 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 worth $30,000 after buying an additional 164 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in Genuine Parts during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Trading Up 1.4%

Shares of NYSE:GPC opened at $106.54 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. The business has a 50 day moving average of $103.07 and a two-hundred day moving average of $116.23. The company has a market capitalization of $14.66 billion, a PE ratio of 247.77 and a beta of 0.66.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.02. The business had revenue of $6.26 billion for 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 was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $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 7.7 EPS for the current year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a yield of 4.0%. Genuine Parts’s dividend payout ratio is 988.37%.

Insider Buying and Selling

In related news, insider James F. Howe sold 415 shares of the firm’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 sale, the insider owned 25,589 shares in the company, valued at approximately $2,669,700.37. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GPC shares. UBS Group dropped their target price on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th. DA Davidson began coverage on Genuine Parts in a research report on Tuesday, June 16th. They set a “strong-buy” rating and a $145.00 price objective on the stock. Finally, Raymond James Financial raised Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective on the stock in a research report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.88.

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.