SBI Okasan Asset Management Co.Ltd. Buys Shares of 5,300 Genuine Parts Company $GPC

SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of Genuine Parts Company (NYSE:GPC) in the 4th quarter, HoldingsChannel reports. The fund bought 5,300 shares of the specialty retailer’s stock, valued at approximately $659,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Genuine Parts by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer’s stock valued at $2,155,975,000 after purchasing an additional 167,981 shares during the last quarter. Geode Capital Management LLC increased its stake in Genuine Parts by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock valued at $462,772,000 after purchasing an additional 64,676 shares during the last quarter. Barclays PLC increased its stake in Genuine Parts by 0.6% during the third quarter. Barclays PLC now owns 3,528,297 shares of the specialty retailer’s stock valued at $489,022,000 after purchasing an additional 21,437 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Genuine Parts by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,860,554 shares of the specialty retailer’s stock valued at $257,878,000 after purchasing an additional 25,595 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Genuine Parts by 3.2% during the third quarter. Bank of America Corp DE now owns 1,746,350 shares of the specialty retailer’s stock valued at $242,044,000 after purchasing an additional 54,754 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. UBS Group lowered their target price on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Truist Financial lowered their target price 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. Finally, Evercore set a $160.00 price target on shares of Genuine Parts in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.71.

Insider Activity

In related 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 owned 25,589 shares of the company’s stock, valued at $2,669,700.37. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.13% of the company’s stock.

Genuine Parts Stock Performance

Shares of GPC opened at $98.55 on Friday. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The company has a market cap of $13.56 billion, a price-to-earnings ratio of 229.19 and a beta of 0.70. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09. The firm has a fifty day moving average of $103.65 and a 200-day moving average of $119.33.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.02. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. The company’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, equities analysts anticipate that Genuine Parts Company will post 7.65 earnings per share for the current year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders 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 annualized dividend and a dividend yield of 4.3%. Genuine Parts’s payout ratio is 988.37%.

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.