Kentucky Retirement Systems Buys 4,036 Shares of Genuine Parts Company $GPC

Kentucky Retirement Systems raised its stake in Genuine Parts Company (NYSE:GPC) by 46.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,744 shares of the specialty retailer’s stock after acquiring an additional 4,036 shares during the period. Kentucky Retirement Systems’ holdings in Genuine Parts were worth $1,348,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of GPC. United Asset Strategies Inc. grew its holdings in shares of Genuine Parts by 1.6% during the 4th quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock worth $552,000 after purchasing an additional 72 shares in the last quarter. J2 Capital Management Inc raised its stake in Genuine Parts by 1.9% in the fourth quarter. J2 Capital Management Inc now owns 4,136 shares of the specialty retailer’s stock valued at $509,000 after purchasing an additional 79 shares in the last quarter. IHT Wealth Management LLC raised its stake in Genuine Parts by 1.8% in the fourth quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock valued at $571,000 after purchasing an additional 83 shares in the last quarter. Oakworth Capital Inc. lifted its position in Genuine Parts by 1.9% during the fourth quarter. Oakworth Capital Inc. now owns 4,680 shares of the specialty retailer’s stock worth $575,000 after purchasing an additional 88 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in Genuine Parts by 34.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 88 shares during the period. 78.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GPC has been the topic of a number of analyst reports. Raymond James Financial reiterated a “strong-buy” rating and set a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. UBS Group reiterated a “neutral” rating and set a $122.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. DA Davidson increased their price target 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. Finally, Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Genuine Parts presently has an average rating of “Moderate Buy” and a consensus price target of $145.00.

Insider Buying and Selling at Genuine Parts

In other Genuine Parts news, insider James F. Howe sold 415 shares of the business’s stock in a transaction 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 sale, the insider owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.13% of the company’s stock.

Genuine Parts Trading Down 0.2%

GPC opened at $124.57 on Friday. The company’s 50 day moving average is $113.71 and its 200-day moving average is $115.63. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. The company has a market cap of $17.17 billion, a P/E ratio of 498.28 and a beta of 0.63.

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

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.