Hsbc Holdings PLC Purchases 77,936 Shares of Genuine Parts Company $GPC

Hsbc Holdings PLC raised its position in shares of Genuine Parts Company (NYSE:GPC) by 19.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 477,970 shares of the specialty retailer’s stock after buying an additional 77,936 shares during the quarter. Hsbc Holdings PLC’s holdings in Genuine Parts were worth $58,887,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Genuine Parts during the 4th quarter valued at approximately $293,471,000. Baupost Group LLC MA purchased a new stake in Genuine Parts during the third quarter valued at $193,347,000. Northwestern Mutual Wealth Management Co. lifted its position in Genuine Parts by 7,774.2% during 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 purchasing an additional 1,219,300 shares during the last quarter. Interval Partners LP lifted its position in Genuine Parts by 422.5% during the third quarter. Interval Partners LP now owns 932,596 shares of the specialty retailer’s stock valued at $129,258,000 after purchasing an additional 754,117 shares during the last quarter. Finally, Junto Capital Management LP purchased a new position in shares of Genuine Parts in the 3rd quarter worth $65,551,000. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Trading Up 0.5%

NYSE GPC opened at $133.24 on Monday. The stock has a market cap of $18.34 billion, a PE ratio of 309.85 and a beta of 0.63. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57. The company’s 50-day moving average price is $104.37 and its 200-day moving average price is $115.63. 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 (NYSE:GPC) last announced its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.02. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.17 billion. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts forecast that Genuine Parts Company will post 7.69 earnings per share for the current year.

Genuine Parts Announces Dividend

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 dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, June 5th. Genuine Parts’s payout ratio is currently 988.37%.

Wall Street Analysts Forecast Growth

GPC has been the topic of a number of research reports. DA Davidson assumed coverage on shares of Genuine Parts in a report on Tuesday, June 16th. They issued a “strong-buy” rating and a $145.00 target price on the stock. 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 reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Truist Financial reduced their price objective on Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Finally, UBS Group decreased their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.88.

Insider Buying and Selling at Genuine Parts

In related news, insider James F. Howe sold 415 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total value of $43,296.95. Following the completion of the sale, the insider owned 25,589 shares in the company, valued at approximately $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.