The Manufacturers Life Insurance Company Sells 5,257 Shares of Genuine Parts Company $GPC

The Manufacturers Life Insurance Company reduced its position in shares of Genuine Parts Company (NYSE:GPC) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,825 shares of the specialty retailer’s stock after selling 5,257 shares during the period. The Manufacturers Life Insurance Company’s holdings in Genuine Parts were worth $8,336,000 as of its most recent filing with the Securities and Exchange Commission.

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

Genuine Parts Stock Up 3.2%

Shares of GPC opened at $132.66 on Wednesday. The firm has a 50 day simple moving average of $115.04 and a two-hundred day simple moving average of $115.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57. The company has a market cap of $18.29 billion, a P/E ratio of 530.63 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter last year, the business posted $2.10 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts forecast that Genuine Parts Company will post 7.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Genuine Parts Company 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.