Healthcare of Ontario Pension Plan Trust Fund Decreases Stock Position in Genuine Parts Company $GPC

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in Genuine Parts Company (NYSE:GPC) by 75.9% in the first quarter, HoldingsChannel reports. The fund owned 22,741 shares of the specialty retailer’s stock after selling 71,758 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Genuine Parts were worth $2,405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Strive Financial Group LLC purchased a new stake in shares of Genuine Parts during the fourth quarter valued at approximately $25,000. WPG Advisers LLC increased 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 worth $30,000 after buying an additional 164 shares during the period. Motiv8 Investments LLC bought a new stake in Genuine Parts during the 4th quarter valued at $31,000. Lodestone Wealth Management LLC bought a new stake in Genuine Parts during the 4th quarter valued at $32,000. Finally, Elyxium Wealth LLC purchased a new stake in Genuine Parts during the 4th quarter valued at $33,000. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Stock Down 0.2%

GPC stock opened at $124.57 on Friday. The business has a 50 day moving average of $113.71 and a 200 day moving average of $115.63. The firm has a market cap of $17.17 billion, a PE ratio of 498.28 and a beta of 0.63. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88.

Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The business had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the previous year, the company posted $2.10 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, research analysts forecast that Genuine Parts Company will post 7.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GPC has been the topic of a number of analyst reports. Evercore restated an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Truist Financial lifted their price objective on Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. UBS Group reiterated a “neutral” rating and issued a $122.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $145.00.

Insider Transactions at Genuine Parts

In related news, insider James F. Howe sold 415 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total transaction of $43,296.95. Following the sale, the insider directly owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. This represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by insiders.

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.