ProShare Advisors LLC Has $149.84 Million Stock Holdings in Genuine Parts Company $GPC

ProShare Advisors LLC lowered its position in Genuine Parts Company (NYSE:GPC) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,218,589 shares of the specialty retailer’s stock after selling 62,352 shares during the quarter. ProShare Advisors LLC’s holdings in Genuine Parts were worth $149,838,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GPC. Baupost Group LLC MA acquired a new stake in Genuine Parts in the third quarter valued at $193,347,000. Northwestern Mutual Wealth Management Co. lifted its stake in Genuine Parts by 7,774.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock valued at $151,854,000 after acquiring an additional 1,219,300 shares during the last quarter. Interval Partners LP lifted its stake in Genuine Parts by 422.5% in the third quarter. Interval Partners LP now owns 932,596 shares of the specialty retailer’s stock valued at $129,258,000 after acquiring an additional 754,117 shares during the last quarter. Junto Capital Management LP acquired a new stake in Genuine Parts in the third quarter valued at $65,551,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Genuine Parts in the third quarter valued at $61,321,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Insiders Place Their Bets

In related news, insider James F. Howe sold 415 shares of Genuine Parts 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 sale, the insider directly owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 Stock Performance

NYSE GPC opened at $92.50 on Wednesday. The firm has a 50-day moving average of $105.01 and a 200-day moving average of $120.85. 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 stock has a market cap of $12.73 billion, a PE ratio of 215.11 and a beta of 0.70. Genuine Parts Company has a 52-week low of $91.00 and a 52-week high of $151.57.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.02. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.17 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts anticipate that Genuine Parts Company will post 7.65 EPS for the current year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, June 5th. Genuine Parts’s dividend payout ratio (DPR) is presently 988.37%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GPC shares. Evercore set a $160.00 price objective on Genuine Parts in a research report on Friday, February 20th. Raymond James Financial raised Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective for the company in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Friday, March 27th. UBS Group cut their price objective on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Finally, Zacks Research cut Genuine Parts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $143.71.

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.