Kornitzer Capital Management Inc. KS Lowers Position in Genuine Parts Company $GPC

Kornitzer Capital Management Inc. KS trimmed its position in shares of Genuine Parts Company (NYSE:GPC) by 67.0% during the first quarter, HoldingsChannel reports. The fund owned 8,024 shares of the specialty retailer’s stock after selling 16,328 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Genuine Parts were worth $849,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

In other news, insider James F. Howe sold 415 shares of the company’s 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 completion of the transaction, the insider owned 25,589 shares of the company’s stock, valued at $2,669,700.37. This represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by company insiders.

Genuine Parts Stock Performance

NYSE:GPC opened at $125.70 on Monday. 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 firm has a market cap of $17.30 billion, a PE ratio of 292.33 and a beta of 0.63. The firm has a 50 day simple moving average of $106.35 and a 200-day simple moving average of $115.61. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57.

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

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, June 5th. Genuine Parts’s dividend payout ratio (DPR) is presently 988.37%.

Analyst Ratings Changes

A number of research firms have recently weighed in on GPC. UBS Group lowered their price target on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Truist Financial reduced their price target on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. DA Davidson upped their price target on Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.50.

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.