Pacer Advisors Inc. Sells 3,894 Shares of Genuine Parts Company $GPC

Pacer Advisors Inc. trimmed its stake in Genuine Parts Company (NYSE:GPC) by 34.1% during the first quarter, Holdings Channel reports. The fund owned 7,522 shares of the specialty retailer’s stock after selling 3,894 shares during the quarter. Pacer Advisors Inc.’s holdings in Genuine Parts were worth $795,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DV Trading LLC bought a new stake in Genuine Parts during the first quarter worth approximately $243,000. NewEdge Advisors LLC raised its position in shares of Genuine Parts by 601.4% in the first quarter. NewEdge Advisors LLC now owns 552,356 shares of the specialty retailer’s stock valued at $58,412,000 after purchasing an additional 473,600 shares during the period. Caerus Investment Advisors LLC acquired a new stake in shares of Genuine Parts in the first quarter worth $304,000. Cozad Asset Management Inc. boosted its holdings in shares of Genuine Parts by 37.3% during the 1st quarter. Cozad Asset Management Inc. now owns 15,684 shares of the specialty retailer’s stock worth $1,659,000 after buying an additional 4,261 shares during the period. Finally, Allen Capital Group LLC boosted its holdings in shares of Genuine Parts by 8.6% during the 1st quarter. Allen Capital Group LLC now owns 59,640 shares of the specialty retailer’s stock worth $6,307,000 after buying an additional 4,710 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GPC has been the topic of several recent analyst reports. DA Davidson lifted their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Truist Financial raised their target price on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $122.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. One equities 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’s stock. According to MarketBeat, Genuine Parts presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.86.

Genuine Parts Stock Down 1.0%

GPC stock opened at $134.28 on Tuesday. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88. The company has a market cap of $18.51 billion, a PE ratio of 537.12 and a beta of 0.62. The business’s 50-day simple moving average is $117.85 and its 200 day simple moving average is $115.45.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the prior year, the firm posted $2.10 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, research analysts anticipate that Genuine Parts Company will post 7.72 earnings per share for the current 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.