Employees Provident Fund Board Takes $27.05 Million Position in Genuine Parts Company $GPC

Employees Provident Fund Board acquired a new position in shares of Genuine Parts Company (NYSE:GPC) in the fourth quarter, HoldingsChannel reports. The fund acquired 220,000 shares of the specialty retailer’s stock, valued at approximately $27,051,000.

A number of other large investors have also made changes to their positions in GPC. Olistico Wealth LLC acquired a new stake in shares of Genuine Parts during the fourth quarter worth about $25,000. Strive Financial Group LLC bought a new stake in Genuine Parts during the 4th quarter worth about $25,000. Community Bank N.A. acquired a new position in Genuine Parts during the third quarter valued at approximately $27,000. WPG Advisers LLC grew its stake in shares of Genuine Parts by 213.0% in the fourth 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 acquired a new position in shares of Genuine Parts during the 4th quarter worth about $31,000. Institutional investors own 78.83% of the company’s stock.

Insider Activity at Genuine Parts

In related news, insider James F. Howe sold 415 shares of the 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 sale, the insider directly owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. This trade represents a 1.60% decrease in their ownership of the stock. 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. Insiders own 0.13% of the company’s stock.

Genuine Parts Stock Up 0.3%

Genuine Parts stock opened at $109.00 on Friday. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The firm has a market capitalization of $15.00 billion, a price-to-earnings ratio of 253.48 and a beta of 0.66. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. The firm’s fifty day moving average price is $103.16 and its two-hundred day moving average price is $116.65.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.02. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.17 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities research analysts predict that Genuine Parts Company will post 7.7 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, June 5th. Genuine Parts’s dividend payout ratio is presently 988.37%.

Wall Street Analyst Weigh In

GPC has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th. Evercore set a $160.00 price target on Genuine Parts in a research report on Friday, February 20th. DA Davidson initiated coverage on Genuine Parts in a research note on Tuesday. They set a “strong-buy” rating and a $145.00 target price for the company. Raymond James Financial raised 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. Finally, 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 report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.88.

About Genuine Parts

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.