SG Americas Securities LLC Purchases 39,113 Shares of Genuine Parts Company $GPC

SG Americas Securities LLC raised its position in Genuine Parts Company (NYSE:GPC) by 1,374.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,958 shares of the specialty retailer’s stock after purchasing an additional 39,113 shares during the quarter. SG Americas Securities LLC’s holdings in Genuine Parts were worth $5,159,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GPC. Hantz Financial Services Inc. grew its holdings in shares of Genuine Parts by 25.9% during the third quarter. Hantz Financial Services Inc. now owns 399 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 82 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Genuine Parts by 0.6% in the third quarter. Wealthcare Advisory Partners LLC now owns 14,806 shares of the specialty retailer’s stock valued at $2,052,000 after buying an additional 83 shares during the period. Voya Financial Advisors Inc. raised its holdings in Genuine Parts by 0.8% in the 3rd quarter. Voya Financial Advisors Inc. now owns 11,160 shares of the specialty retailer’s stock valued at $1,554,000 after buying an additional 85 shares during the last quarter. Asset Dedication LLC raised its holdings in Genuine Parts by 4.6% in the 3rd quarter. Asset Dedication LLC now owns 1,950 shares of the specialty retailer’s stock valued at $270,000 after buying an additional 86 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in Genuine Parts by 2.6% during the 3rd quarter. Private Trust Co. NA now owns 3,467 shares of the specialty retailer’s stock worth $481,000 after buying an additional 87 shares during the period. 78.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GPC shares. Evercore set a $160.00 target price on shares of Genuine Parts in a report on Friday, February 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. Raymond James Financial raised shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, February 24th. Truist Financial set a $127.00 price objective on Genuine Parts and gave the company a “hold” rating in a report on Wednesday, February 18th. Finally, Zacks Research downgraded Genuine Parts from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 25th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Genuine Parts presently has an average rating of “Moderate Buy” and a consensus target price of $145.57.

Genuine Parts Stock Down 0.6%

Genuine Parts stock opened at $105.09 on Thursday. The firm has a market cap of $14.62 billion, a price-to-earnings ratio of 228.47 and a beta of 0.76. Genuine Parts Company has a 52-week low of $96.08 and a 52-week high of $151.57. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.46 and a current ratio of 1.08. The firm has a 50 day moving average price of $122.32 and a two-hundred day moving average price of $127.69.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, February 17th. The specialty retailer reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.24). Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.06 billion. During the same period in the prior year, the company posted $1.61 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts predict that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 4.0%. This is an increase from Genuine Parts’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Friday, March 6th. Genuine Parts’s payout ratio is currently 923.91%.

Genuine Parts Company 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.