Meyer Handelman Co. Reduces Stake in Genuine Parts Company $GPC

Meyer Handelman Co. lessened its holdings in shares of Genuine Parts Company (NYSE:GPC) by 5.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,567 shares of the specialty retailer’s stock after selling 4,570 shares during the period. Meyer Handelman Co. owned 0.06% of Genuine Parts worth $8,943,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Olistico Wealth LLC purchased a new position in Genuine Parts in the fourth quarter valued at approximately $25,000. Strive Financial Group LLC purchased a new stake in shares of Genuine Parts during the 4th quarter worth approximately $25,000. Community Bank N.A. acquired a new position in shares of Genuine Parts in the 3rd quarter valued at $27,000. WPG Advisers LLC boosted its holdings in shares of Genuine Parts by 213.0% in the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 164 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new position in shares of Genuine Parts in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Insider Activity

In related news, insider James F. Howe sold 415 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total value of $43,296.95. Following the transaction, the insider owned 25,589 shares in the company, valued at $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 is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GPC has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th. Truist Financial decreased their price objective on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. UBS Group cut their target price 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, DA Davidson assumed coverage on Genuine Parts in a report on Tuesday, June 16th. They issued a “strong-buy” rating and a $145.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.88.

Genuine Parts Stock Performance

Shares of Genuine Parts stock opened at $112.93 on Friday. The firm’s fifty day simple moving average is $103.16 and its 200-day simple moving average is $115.97. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57. The stock has a market capitalization of $15.54 billion, a price-to-earnings ratio of 262.63 and a beta of 0.66. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 0.48.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.02. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter in the prior year, the business earned $1.75 EPS. Genuine Parts’s quarterly revenue was up 6.8% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts forecast that Genuine Parts Company will post 7.69 earnings per share for the current year.

Genuine Parts Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.8%. Genuine Parts’s dividend payout ratio (DPR) is currently 988.37%.

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.