Genuine Parts Company $GPC Shares Sold by Kennon Green & Company LLC

Kennon Green & Company LLC reduced its stake in shares of Genuine Parts Company (NYSE:GPC) by 60.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,639 shares of the specialty retailer’s stock after selling 5,525 shares during the quarter. Kennon Green & Company LLC’s holdings in Genuine Parts were worth $458,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Motiv8 Investments LLC bought a new position in shares of Genuine Parts during the fourth quarter worth about $31,000. Elevation Wealth Partners LLC lifted its position in Genuine Parts by 510.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. EFG International AG bought a new stake in Genuine Parts in the 2nd quarter valued at about $36,000. Caitong International Asset Management Co. Ltd boosted its stake in Genuine Parts by 34.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 88 shares during the period. Finally, Fiduciary Financial Advisors acquired a new position in Genuine Parts during the 2nd quarter valued at about $47,000. 78.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GPC. Truist Financial raised their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. DA Davidson increased their price objective on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Monday, September 21st. Raymond James Financial reaffirmed a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.86.

Genuine Parts Price Performance

Shares of GPC stock traded down $0.85 during midday trading on Monday, reaching $126.39. 707,943 shares of the company were exchanged, compared to its average volume of 1,588,099. The company’s 50 day moving average price is $132.31 and its two-hundred day moving average price is $116.60. The company has a market cap of $17.42 billion, a P/E ratio of 505.54, a PEG ratio of 2.35 and a beta of 0.67. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. The business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $2.10 earnings per share. 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 7.73 earnings per share for the current year.

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a $1.0625 dividend. The ex-dividend date was Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.4%. Genuine Parts’s dividend payout ratio is 1,700.00%.

About Genuine Parts

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts and industrial components. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional repair businesses, retailers, equipment manufacturers, and other commercial customers through a broad distribution and service network.

In its automotive business, Genuine Parts distributes replacement parts, accessories, tools, and equipment for cars and light trucks. Its operations include the NAPA Auto Parts brand in North America, along with automotive distribution businesses serving customers in Europe and Australasia.