Genuine Parts Company $GPC Stock Sold by LongView Wealth Management

LongView Wealth Management reduced its holdings in shares of Genuine Parts Company (NYSE:GPC) by 59.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,833 shares of the specialty retailer’s stock after selling 38,938 shares during the period. LongView Wealth Management’s holdings in Genuine Parts were worth $3,374,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Genuine Parts in the 2nd quarter valued at about $1,574,910,000. Dimensional Fund Advisors LP boosted its position in shares of Genuine Parts by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,055,496 shares of the specialty retailer’s stock valued at $217,354,000 after purchasing an additional 180,485 shares in the last quarter. Bank of America Corp DE acquired a new stake in Genuine Parts during the second quarter worth approximately $201,072,000. Corient Private Wealth LP acquired a new stake in Genuine Parts during the second quarter worth approximately $3,903,000. Finally, Cullen Capital Management LLC acquired a new stake in Genuine Parts during the second quarter worth approximately $166,471,000. 78.83% of the stock is owned by institutional investors.

Genuine Parts Stock Down 1.4%

Shares of GPC traded down $1.84 during trading hours on Monday, hitting $132.12. The stock had a trading volume of 360,374 shares, compared to its average volume of 1,550,066. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The firm has a 50 day simple moving average of $132.20 and a 200-day simple moving average of $118.51. The firm has a market capitalization of $18.21 billion, a P/E ratio of 528.32, a price-to-earnings-growth ratio of 2.48 and a beta of 0.67. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS 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 business had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same period in the previous year, the company posted $2.10 EPS. The firm’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. Sell-side analysts predict that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a dividend of $1.0625 per share. The ex-dividend date was Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. Genuine Parts’s payout ratio is currently 1,700.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GPC. Truist Financial lifted their target price on Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, September 21st. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Raymond James Financial reiterated a “strong-buy” rating and issued a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, DA Davidson boosted their target price 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. One research 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. According to MarketBeat.com, Genuine Parts currently has an average rating of “Moderate Buy” and an average price target of $146.00.

About Genuine Parts

Genuine Parts Company (NYSE:GPC) is a distributor of automotive and industrial replacement parts. Its Automotive Parts Group supplies components and accessories for cars, trucks and other vehicles, serving professional repair shops, commercial customers and do-it-yourself consumers through distribution networks, stores and digital channels.

The company’s Industrial Parts Group distributes products used to maintain and repair manufacturing, commercial and other industrial equipment. Its offerings include bearings, power-transmission components, motion-control products, industrial supplies and related maintenance, repair and operations products.