CIBC Asset Management Inc Has $4.38 Million Stock Position in Genuine Parts Company $GPC

CIBC Asset Management Inc lifted its stake in shares of Genuine Parts Company (NYSE:GPC) by 59.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 35,605 shares of the specialty retailer’s stock after buying an additional 13,246 shares during the period. CIBC Asset Management Inc’s holdings in Genuine Parts were worth $4,378,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GPC. Norges Bank bought a new stake in shares of Genuine Parts during the 4th quarter worth $293,471,000. Baupost Group LLC MA bought a new stake in shares of Genuine Parts during the 3rd quarter worth $193,347,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Genuine Parts by 7,774.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock worth $151,854,000 after buying an additional 1,219,300 shares during the last quarter. Interval Partners LP lifted its position in shares of Genuine Parts by 422.5% during the 3rd quarter. Interval Partners LP now owns 932,596 shares of the specialty retailer’s stock worth $129,258,000 after buying an additional 754,117 shares during the last quarter. Finally, Junto Capital Management LP bought a new stake in shares of Genuine Parts during the 3rd quarter worth $65,551,000. 78.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider James F. Howe sold 415 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total transaction of $43,296.95. Following the completion of 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 through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.13% of the company’s stock.

Genuine Parts Price Performance

Genuine Parts stock opened at $98.05 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $13.49 billion, a PE ratio of 228.02 and a beta of 0.66. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57. The stock has a 50-day moving average price of $103.39 and a two-hundred day moving average price of $118.33.

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 firm had revenue of $6.26 billion during 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 business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $1.75 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts expect that Genuine Parts Company will post 7.65 EPS for the current year.

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a $1.0625 dividend. The ex-dividend date is Friday, June 5th. This represents a $4.25 annualized dividend and a yield of 4.3%. Genuine Parts’s dividend payout ratio (DPR) is currently 988.37%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GPC shares. Evercore set a $160.00 price objective on Genuine Parts in a research report on Friday, February 20th. UBS Group dropped 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. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Friday, March 27th. Finally, Truist Financial dropped their price objective on Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.71.

About Genuine Parts

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.