Weiss Asset Management LP Invests $3.26 Million in Genuine Parts Company $GPC

Weiss Asset Management LP bought a new stake in shares of Genuine Parts Company (NYSE:GPC) in the first quarter, Holdings Channel reports. The fund bought 30,800 shares of the specialty retailer’s stock, valued at approximately $3,257,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPC. Norges Bank acquired a new stake in Genuine Parts during the 4th quarter worth about $293,471,000. Baupost Group LLC MA purchased a new position in shares of Genuine Parts during the 3rd quarter valued at about $193,347,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Genuine Parts by 7,774.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock valued at $151,854,000 after buying an additional 1,219,300 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Genuine Parts in the 3rd quarter valued at about $61,321,000. Finally, Jain Global LLC purchased a new stake in shares of Genuine Parts in the fourth quarter worth about $53,782,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GPC has been the topic of several analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a report on Wednesday. DA Davidson boosted their price target on Genuine Parts from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 6th. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $145.00.

Insider Activity

In other news, insider James F. Howe sold 415 shares of Genuine Parts 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 sale, the insider 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 document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by company insiders.

Genuine Parts Trading Down 0.0%

Shares of NYSE:GPC opened at $124.20 on Monday. The business’s 50 day moving average price is $110.48 and its 200-day moving average price is $115.49. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of 496.80 and a beta of 0.63. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.08 by $0.07. The company had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities research analysts forecast that Genuine Parts Company will post 7.72 earnings per share for the current fiscal year.

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.