Synergy Asset Management LLC Sells 71,130 Shares of Genuine Parts Company $GPC

Synergy Asset Management LLC reduced its position in Genuine Parts Company (NYSE:GPC) by 65.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,898 shares of the specialty retailer’s stock after selling 71,130 shares during the quarter. Synergy Asset Management LLC’s holdings in Genuine Parts were worth $4,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in GPC. Hantz Financial Services Inc. raised its stake in Genuine Parts by 25.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 399 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 82 shares during the period. Wealthcare Advisory Partners LLC boosted its position in Genuine Parts by 0.6% during the third quarter. Wealthcare Advisory Partners LLC now owns 14,806 shares of the specialty retailer’s stock worth $2,052,000 after purchasing an additional 83 shares during the period. Voya Financial Advisors Inc. increased its stake in shares of Genuine Parts by 0.8% in the third quarter. Voya Financial Advisors Inc. now owns 11,160 shares of the specialty retailer’s stock worth $1,554,000 after purchasing an additional 85 shares in the last quarter. Asset Dedication LLC increased its stake in shares of Genuine Parts by 4.6% in the third quarter. Asset Dedication LLC now owns 1,950 shares of the specialty retailer’s stock worth $270,000 after purchasing an additional 86 shares in the last quarter. Finally, Private Trust Co. NA raised its position in shares of Genuine Parts by 2.6% in the third quarter. Private Trust Co. NA now owns 3,467 shares of the specialty retailer’s stock valued at $481,000 after purchasing an additional 87 shares during the period. 78.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on GPC. Raymond James Financial upgraded shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price target on the stock in a research note on Tuesday, February 24th. Evercore set a $160.00 price objective on shares of Genuine Parts in a research note on Friday, February 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Monday, December 29th. Truist Financial set a $127.00 price target on Genuine Parts and gave the stock a “hold” rating in a report on Wednesday, February 18th. Finally, UBS Group reduced their price target on Genuine Parts from $150.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.57.

Genuine Parts Trading Up 0.1%

Shares of Genuine Parts stock opened at $105.24 on Friday. The company’s 50-day moving average price is $124.75 and its 200-day moving average price is $128.76. The company has a current ratio of 1.08, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. Genuine Parts Company has a 12-month low of $96.08 and a 12-month high of $151.57. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 228.78 and a beta of 0.75.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, February 17th. The specialty retailer reported $1.55 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.24). Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The firm had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.06 billion. During the same period in the prior year, the firm posted $1.61 EPS. Genuine Parts’s revenue was up 4.1% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities analysts expect that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a $1.0625 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from Genuine Parts’s previous quarterly dividend of $1.03. This represents a $4.25 annualized dividend and a dividend yield of 4.0%. Genuine Parts’s payout ratio is currently 923.91%.

Genuine Parts 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.