Genuine Parts (NYSE:GPC) Insider Sells $43,296.95 in Stock

Genuine Parts Company (NYSE:GPC) insider James Howe sold 415 shares of the business’s stock in a transaction that occurred on 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 directly owned 25,589 shares of the company’s stock, valued at $2,669,700.37. This trade represents a 1.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Genuine Parts Stock Up 1.2%

Genuine Parts stock traded up $1.30 during mid-day trading on Wednesday, reaching $105.59. 1,340,198 shares of the company were exchanged, compared to its average volume of 1,715,634. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09. The firm has a market cap of $14.53 billion, a P/E ratio of 245.55 and a beta of 0.70. The business has a fifty day moving average of $108.59 and a 200 day moving average of $123.17. Genuine Parts Company has a 12-month low of $96.08 and a 12-month high of $151.57.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.75 by $0.02. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.17 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts anticipate 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 Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $1.0625 dividend. The ex-dividend date is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a yield of 4.0%. Genuine Parts’s payout ratio is currently 988.37%.

Analysts Set New Price Targets

GPC has been the topic of a number of recent analyst reports. Zacks Research cut shares of Genuine Parts from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 25th. Evercore set a $160.00 target price on shares of Genuine Parts in a research report on Friday, February 20th. UBS Group lowered their target price 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. Finally, Truist Financial reduced 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $143.71.

Hedge Funds Weigh In On Genuine Parts

Hedge funds have recently modified their holdings of the stock. Olistico Wealth LLC purchased a new stake in Genuine Parts during the 4th quarter worth approximately $25,000. Strive Financial Group LLC acquired a new stake in shares of Genuine Parts during the fourth quarter worth $25,000. Community Bank N.A. purchased a new stake in shares of Genuine Parts during the third quarter valued at $27,000. Peoples Financial Services CORP. acquired a new position in shares of Genuine Parts in the 3rd quarter valued at $29,000. Finally, WPG Advisers LLC increased its position in shares of Genuine Parts by 213.0% in the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 164 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

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.