Y Intercept Hong Kong Ltd Grows Position in Genuine Parts Company $GPC

Y Intercept Hong Kong Ltd lifted its position in shares of Genuine Parts Company (NYSE:GPC) by 39.1% in the first quarter, HoldingsChannel.com reports. The firm owned 15,127 shares of the specialty retailer’s stock after purchasing an additional 4,249 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Genuine Parts were worth $1,600,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GPC. Community Bank N.A. purchased a new stake in Genuine Parts in the third quarter worth $27,000. Strive Financial Group LLC purchased a new position in Genuine Parts during the 4th quarter valued at $25,000. Olistico Wealth LLC bought a new position in Genuine Parts in the 4th quarter worth $25,000. WPG Advisers LLC raised its holdings in Genuine Parts by 213.0% in the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 164 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in shares of Genuine Parts in the 4th quarter worth about $31,000. 78.83% of the stock is owned by institutional investors.

Genuine Parts Stock Down 0.3%

GPC opened at $124.32 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. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The company has a market capitalization of $17.11 billion, a PE ratio of 289.12 and a beta of 0.63. The firm’s 50 day simple moving average is $105.90 and its two-hundred day simple moving average is $115.61.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same period in the previous year, the firm earned $1.75 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts forecast that Genuine Parts Company will post 7.69 EPS for the current year.

Genuine Parts Announces Dividend

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

Insider Transactions at Genuine Parts

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 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 SEC, which is available at 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.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial dropped their price target on Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. UBS Group decreased their price objective on 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 raised 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 report on Wednesday, June 24th. Finally, DA Davidson upped their target price on shares of Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.50.

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.