M&T Bank Corp Has $13.12 Million Stock Holdings in Genuine Parts Company $GPC

M&T Bank Corp grew its holdings in shares of Genuine Parts Company (NYSE:GPC) by 285.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,727 shares of the specialty retailer’s stock after buying an additional 79,024 shares during the quarter. M&T Bank Corp’s holdings in Genuine Parts were worth $13,123,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Genuine Parts by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock worth $2,111,000 after buying an additional 671 shares in the last quarter. Woodline Partners LP lifted its position 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 in the last quarter. EverSource Wealth Advisors LLC lifted its position 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 in the last quarter. Daiwa Securities Group Inc. increased its position in shares of 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 purchasing an additional 1,323 shares during the last quarter. Finally, AXA S.A. increased its position in shares of Genuine Parts by 37.2% during the 2nd quarter. AXA S.A. now owns 51,292 shares of the specialty retailer’s stock worth $6,222,000 after purchasing an additional 13,898 shares during the last quarter. 78.83% of the stock is owned by institutional investors.

Genuine Parts Stock Down 1.7%

Genuine Parts stock opened at $109.81 on Friday. The firm has a market capitalization of $15.11 billion, a PE ratio of 255.37 and a beta of 0.76. The company’s 50-day moving average is $111.46 and its 200-day moving average is $124.47. Genuine Parts Company has a fifty-two week low of $96.08 and a fifty-two week high of $151.57. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 0.46.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share 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 analyst estimates of $6.17 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts anticipate that Genuine Parts Company will post 7.74 earnings per share for the current year.

Genuine Parts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, March 6th. This is a boost from Genuine Parts’s previous quarterly dividend of $1.03. Genuine Parts’s payout ratio is presently 923.91%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Raymond James Financial raised Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price target on the stock in a research report on Tuesday, February 24th. Zacks Research lowered Genuine Parts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 25th. Evercore set a $160.00 price target on Genuine Parts in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Friday, March 27th. Finally, Truist Financial lowered their price objective on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.71.

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.