Bastion Asset Management Inc. Takes Position in Genuine Parts Company $GPC

Bastion Asset Management Inc. acquired a new stake in shares of Genuine Parts Company (NYSE:GPC) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 158,009 shares of the specialty retailer’s stock, valued at approximately $16,978,000. Genuine Parts comprises approximately 5.2% of Bastion Asset Management Inc.’s investment portfolio, making the stock its 2nd largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. United Asset Strategies Inc. lifted its stake in Genuine Parts by 1.6% in the 4th quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock worth $552,000 after purchasing an additional 72 shares in the last quarter. J2 Capital Management Inc grew its position in shares of Genuine Parts by 1.9% during the 4th quarter. J2 Capital Management Inc now owns 4,136 shares of the specialty retailer’s stock valued at $509,000 after purchasing an additional 79 shares in the last quarter. Capital Investment Advisors LLC grew its position in shares of Genuine Parts by 0.6% during the 4th quarter. Capital Investment Advisors LLC now owns 14,173 shares of the specialty retailer’s stock valued at $1,743,000 after purchasing an additional 83 shares in the last quarter. IHT Wealth Management LLC increased its holdings in shares of Genuine Parts by 1.8% in the fourth quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock worth $571,000 after purchasing an additional 83 shares during the period. Finally, Matrix Trust Co increased its stake in Genuine Parts by 27.6% in the 4th quarter. Matrix Trust Co now owns 393 shares of the specialty retailer’s stock worth $48,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Truist Financial lowered their price target 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 shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. UBS Group lowered their target price on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, DA Davidson boosted their price target on shares of Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $144.50.

Genuine Parts Trading Up 3.9%

NYSE GPC opened at $125.75 on Friday. 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 stock’s 50-day simple moving average is $107.76 and its two-hundred day simple moving average is $115.56. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. The company has a market capitalization of $17.31 billion, a price-to-earnings ratio of 292.45 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. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.17 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts forecast that Genuine Parts Company will post 7.69 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a $1.0625 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $4.25 annualized dividend and a yield of 3.4%. Genuine Parts’s dividend payout ratio is currently 988.37%.

Insider Transactions at Genuine Parts

In other Genuine Parts news, insider James F. Howe sold 415 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total transaction of $43,296.95. Following the transaction, the insider directly owned 25,589 shares in the company, valued at $2,669,700.37. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal 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.

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.