Hudson Edge Investment Partners Inc. Purchases 17,422 Shares of Genuine Parts Company $GPC

Hudson Edge Investment Partners Inc. raised its position in Genuine Parts Company (NYSE:GPC) by 32.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,856 shares of the specialty retailer’s stock after acquiring an additional 17,422 shares during the quarter. Genuine Parts makes up about 1.1% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 28th largest holding. Hudson Edge Investment Partners Inc.’s holdings in Genuine Parts were worth $7,493,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GPC. Vanguard Group Inc. increased its stake in shares of Genuine Parts by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer’s stock worth $2,155,975,000 after purchasing an additional 167,981 shares during the last quarter. State Street Corp lifted its stake in Genuine Parts by 1.4% in the 4th quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer’s stock valued at $940,940,000 after purchasing an additional 107,440 shares during the last quarter. Barclays PLC lifted its stake in Genuine Parts by 10.6% in the 4th quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock valued at $479,711,000 after purchasing an additional 373,065 shares during the last quarter. Geode Capital Management LLC increased its position 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 worth $462,772,000 after buying an additional 64,676 shares during the last quarter. Finally, Morgan Stanley increased its position in Genuine Parts by 16.6% during the fourth quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer’s stock worth $308,935,000 after buying an additional 357,979 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Trading Up 0.5%

Shares of GPC stock opened at $133.24 on Friday. The firm has a 50 day moving average price of $104.37 and a two-hundred day moving average price of $115.74. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The company has a market capitalization 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.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.75 by $0.02. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.75 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, analysts predict that Genuine Parts Company will post 7.69 earnings per share for the current year.

Genuine Parts Announces Dividend

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

Insider Buying and Selling

In other Genuine Parts news, insider James F. Howe sold 415 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total transaction of $43,296.95. Following the transaction, the insider owned 25,589 shares in the company, valued at $2,669,700.37. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on GPC. UBS Group cut their price objective on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Truist Financial decreased their target price on Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Finally, DA Davidson initiated coverage on shares of Genuine Parts in a research report on Tuesday, June 16th. They set a “strong-buy” rating and a $145.00 price objective for the company. 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 MarketBeat, Genuine Parts presently has an average rating of “Moderate Buy” and an average target price of $143.88.

Genuine Parts Company 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.