Hunter Associates Investment Management LLC Buys 5,436 Shares of Genuine Parts Company $GPC

Hunter Associates Investment Management LLC boosted its stake in Genuine Parts Company (NYSE:GPC) by 26.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,717 shares of the specialty retailer’s stock after purchasing an additional 5,436 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Genuine Parts were worth $2,723,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Genuine Parts by 3.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock valued at $2,111,000 after buying an additional 671 shares during the period. Woodline Partners LP raised its stake in Genuine Parts by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock worth $1,399,000 after buying an additional 3,396 shares during the period. EverSource Wealth Advisors LLC raised its stake in Genuine Parts by 15.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer’s stock worth $122,000 after buying an additional 137 shares during the period. Daiwa Securities Group Inc. raised its stake in Genuine Parts by 5.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer’s stock worth $3,027,000 after buying an additional 1,323 shares during the period. Finally, AXA S.A. boosted its holdings in Genuine Parts by 37.2% in the second quarter. AXA S.A. now owns 51,292 shares of the specialty retailer’s stock worth $6,222,000 after acquiring an additional 13,898 shares in the last quarter. 78.83% of the stock is owned by institutional investors.

Insider Transactions at Genuine Parts

In other Genuine Parts news, insider James F. Howe sold 415 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total value 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 sale was disclosed in a document filed with the SEC, which is accessible 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. UBS Group cut their target price on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. DA Davidson assumed coverage on shares of Genuine Parts in a research note on Tuesday, June 16th. They set a “strong-buy” rating and a $145.00 price target for the company. Finally, Truist Financial decreased their price target on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.88.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $133.24 on Friday. 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’s fifty day simple moving average is $104.37 and its two-hundred day simple moving average is $115.74. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The stock has a market cap of $18.34 billion, a PE ratio of 309.85 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $6.17 billion. During the same period in the previous year, the firm earned $1.75 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. 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 fiscal year.

Genuine Parts Dividend Announcement

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

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.