Fifth Third Bancorp Buys 59,839 Shares of Genuine Parts Company $GPC

Fifth Third Bancorp raised its stake in shares of Genuine Parts Company (NYSE:GPC) by 408.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,500 shares of the specialty retailer’s stock after purchasing an additional 59,839 shares during the period. Fifth Third Bancorp’s holdings in Genuine Parts were worth $7,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of GPC. Olistico Wealth LLC bought a new position in shares of Genuine Parts during the 4th quarter valued at approximately $25,000. Strive Financial Group LLC bought a new stake in Genuine Parts in the fourth quarter worth $25,000. WPG Advisers LLC boosted its stake in Genuine Parts by 213.0% during the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after buying an additional 164 shares during the period. Motiv8 Investments LLC purchased a new position in Genuine Parts during the fourth quarter worth $31,000. Finally, Lodestone Wealth Management LLC bought a new position in Genuine Parts during the fourth quarter valued at $32,000. 78.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider James F. Howe sold 415 shares of the firm’s 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 transaction, the insider directly owned 25,589 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GPC has been the subject of several analyst reports. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Truist Financial cut their price target on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. DA Davidson increased their price objective on shares of Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. 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 research note on Wednesday, April 22nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $144.50.

Genuine Parts Stock Down 0.8%

NYSE:GPC opened at $121.24 on Thursday. The company has a market cap of $16.69 billion, a price-to-earnings ratio of 281.96 and a beta of 0.63. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. 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 stock has a fifty day simple moving average of $107.35 and a 200-day simple moving average of $115.56.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.02. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.17 billion. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts anticipate 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. Shareholders of record on Friday, June 5th were paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, June 5th. Genuine Parts’s dividend payout ratio is currently 988.37%.

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.