WealthPlan Investment Management LLC Sells 35,261 Shares of Genuine Parts Company $GPC

WealthPlan Investment Management LLC lessened its position in Genuine Parts Company (NYSE:GPC) by 44.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 43,227 shares of the specialty retailer’s stock after selling 35,261 shares during the period. WealthPlan Investment Management LLC’s holdings in Genuine Parts were worth $5,315,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Genuine Parts by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 17,365,970 shares of the specialty retailer’s stock valued at $2,406,923,000 after buying an additional 56,792 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Genuine Parts during the 3rd quarter valued at about $4,213,000. Dana Investment Advisors Inc. lifted its holdings in Genuine Parts by 15.8% during the 3rd quarter. Dana Investment Advisors Inc. now owns 84,427 shares of the specialty retailer’s stock valued at $11,702,000 after buying an additional 11,539 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Genuine Parts by 4.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 549,830 shares of the specialty retailer’s stock valued at $76,206,000 after buying an additional 21,820 shares in the last quarter. Finally, TABR Capital Management LLC bought a new stake in Genuine Parts during the 4th quarter valued at about $4,217,000. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Trading Down 4.4%

NYSE:GPC opened at $92.92 on Friday. Genuine Parts Company has a one year low of $92.83 and a one year high of $151.57. 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 market cap of $12.79 billion, a P/E ratio of 216.10 and a beta of 0.70. The firm has a 50-day simple moving average of $105.95 and a 200-day simple moving average of $121.45.

Genuine Parts (NYSE:GPC) last posted its quarterly 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. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the previous year, the business posted $1.75 EPS. The company’s quarterly revenue 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. Equities analysts anticipate that Genuine Parts Company will post 7.65 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, June 5th. Genuine Parts’s payout ratio is presently 988.37%.

Insider Buying and Selling

In other Genuine Parts news, insider James F. Howe sold 415 shares of Genuine Parts 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 completion of the sale, the insider directly owned 25,589 shares in the company, valued at approximately $2,669,700.37. The trade was a 1.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GPC. Raymond James Financial upgraded shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective for the company in a report on Tuesday, February 24th. UBS Group decreased their price objective on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Zacks Research lowered shares of Genuine Parts from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. Finally, Truist Financial decreased their price objective on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $143.71.

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.