Genuine Parts Company $GPC Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in shares of Genuine Parts Company (NYSE:GPC) by 21.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,854 shares of the specialty retailer’s stock after selling 10,995 shares during the quarter. Wellington Management Group LLP’s holdings in Genuine Parts were worth $4,820,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Genuine Parts by 85.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer’s stock valued at $3,200,000 after purchasing an additional 13,900 shares in the last quarter. Paradiem LLC purchased a new position in Genuine Parts in the 1st quarter valued at approximately $3,154,000. Montag A & Associates Inc. grew its stake in shares of Genuine Parts by 19.6% in the first quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer’s stock worth $6,923,000 after acquiring an additional 10,622 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Genuine Parts by 19.5% during the fourth quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock worth $58,887,000 after acquiring an additional 77,936 shares during the period. Finally, Conning Inc. increased its position in shares of Genuine Parts by 5.7% during the fourth quarter. Conning Inc. now owns 246,390 shares of the specialty retailer’s stock worth $30,296,000 after acquiring an additional 13,357 shares during the period. 78.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Raymond James Financial restated a “strong-buy” rating and set a $165.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. UBS Group reiterated a “neutral” rating and set a $122.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson increased their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Genuine Parts has an average rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Stock Up 0.8%

GPC stock opened at $135.16 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. The company’s 50 day moving average is $130.81 and its two-hundred day moving average is $114.75. The stock has a market cap of $18.63 billion, a P/E ratio of 540.63, a PEG ratio of 2.48 and a beta of 0.64.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the prior year, the business posted $2.10 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $1.0625 per share. The ex-dividend date is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.1%. Genuine Parts’s payout ratio is 1,700.00%.

About Genuine Parts

Genuine Parts Company (NYSE:GPC) is a global distributor of automotive and industrial replacement parts. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional customers, businesses and consumers through a broad network of distribution centers, stores and service locations.

Through its automotive parts operations, including the NAPA brand in North America and other regional businesses, Genuine Parts distributes replacement parts, accessories, tools and equipment for cars, trucks and other vehicles.