Harvest Investment Advisors LLC Makes New $1.64 Million Investment in Genuine Parts Company $GPC

Harvest Investment Advisors LLC acquired a new position in shares of Genuine Parts Company (NYSE:GPC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 13,330 shares of the specialty retailer’s stock, valued at approximately $1,639,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Siemens Fonds Invest GmbH lifted its position in Genuine Parts by 95.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 5,860 shares of the specialty retailer’s stock worth $727,000 after acquiring an additional 2,869 shares during the period. Magnetar Financial LLC acquired a new stake in Genuine Parts during the 4th quarter worth approximately $2,221,000. Opal Capital LLC acquired a new stake in Genuine Parts during the 4th quarter worth approximately $3,776,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Genuine Parts during the 4th quarter worth approximately $732,000. Finally, USS Investment Management Ltd lifted its position in Genuine Parts by 1.3% during the 4th quarter. USS Investment Management Ltd now owns 29,853 shares of the specialty retailer’s stock worth $3,672,000 after acquiring an additional 370 shares during the period. 78.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GPC shares. Evercore set a $160.00 price objective on Genuine Parts in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Friday, March 27th. UBS Group decreased 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. Truist Financial decreased their price objective on Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.88.

Insider Activity at Genuine Parts

In other news, insider James F. Howe sold 415 shares of the firm’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 value of $43,296.95. Following the completion of the sale, the insider directly owned 25,589 shares of the company’s stock, valued at $2,669,700.37. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by corporate insiders.

Genuine Parts Stock Up 2.4%

GPC opened at $107.13 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 0.48. The business has a 50 day simple moving average of $103.00 and a 200-day simple moving average of $117.03. The stock has a market capitalization of $14.74 billion, a P/E ratio of 249.14 and a beta of 0.66. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, beating 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 company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities analysts anticipate that Genuine Parts Company will post 7.67 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, June 5th. Genuine Parts’s dividend payout ratio (DPR) is currently 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.