Louisiana State Employees Retirement System Buys New Shares in Genuine Parts Company $GPC

Louisiana State Employees Retirement System bought a new position in Genuine Parts Company (NYSE:GPC) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,100 shares of the specialty retailer’s stock, valued at approximately $751,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GPC. First American Bank boosted its holdings in Genuine Parts by 2.5% during the 1st quarter. First American Bank now owns 6,170 shares of the specialty retailer’s stock valued at $652,000 after acquiring an additional 151 shares during the period. Longview Financial Advisors Inc. purchased a new position in shares of Genuine Parts in the first quarter valued at about $140,000. Kestra Private Wealth Services LLC raised its stake in shares of Genuine Parts by 5.3% during the first quarter. Kestra Private Wealth Services LLC now owns 19,406 shares of the specialty retailer’s stock valued at $2,052,000 after acquiring an additional 984 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Genuine Parts by 13.6% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,025 shares of the specialty retailer’s stock worth $214,000 after purchasing an additional 242 shares during the last quarter. Finally, OP Asset Management Ltd purchased a new position in Genuine Parts during the 1st quarter valued at about $1,624,000. 78.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GPC has been the subject of several research analyst reports. DA Davidson increased their price objective on Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday. Truist Financial reduced their target price on Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. UBS Group dropped their price target on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Genuine Parts presently has a consensus rating of “Moderate Buy” and an average target price of $144.50.

Insider Buying and Selling at Genuine Parts

In related news, insider James F. 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 in the company, valued at approximately $2,669,700.37. The trade was a 1.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by insiders.

Genuine Parts Stock Performance

GPC traded up $1.03 during mid-day trading on Tuesday, reaching $129.69. 92,673 shares of the company traded hands, compared to its average volume of 1,734,872. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $17.85 billion, a P/E ratio of 302.22 and a beta of 0.63. The company’s fifty day moving average price is $104.75 and its 200-day moving average price is $115.62. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the business posted $1.75 EPS. Genuine Parts’s revenue was up 6.8% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts expect that Genuine Parts Company will post 7.69 EPS for the current year.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were paid a $1.0625 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $4.25 annualized dividend and a dividend yield of 3.3%. Genuine Parts’s dividend payout ratio (DPR) is 988.37%.

Genuine Parts Company Profile

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.