SummitTX Capital L.P. Purchases 18,115 Shares of Genuine Parts Company $GPC

SummitTX Capital L.P. lifted its position in shares of Genuine Parts Company (NYSE:GPC) by 72.6% in the first quarter, HoldingsChannel.com reports. The firm owned 43,070 shares of the specialty retailer’s stock after purchasing an additional 18,115 shares during the period. SummitTX Capital L.P.’s holdings in Genuine Parts were worth $4,555,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GPC. Vanguard Group Inc. raised its position in Genuine Parts by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer’s stock valued at $2,155,975,000 after purchasing an additional 167,981 shares during the last quarter. State Street Corp lifted its holdings in Genuine Parts by 1.4% in the 4th quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer’s stock worth $940,940,000 after buying an additional 107,440 shares during the period. Barclays PLC grew its position in shares of Genuine Parts by 10.6% in the 4th quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock worth $479,711,000 after buying an additional 373,065 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Genuine Parts by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock valued at $462,772,000 after buying an additional 64,676 shares during the period. Finally, Morgan Stanley increased its stake in shares of Genuine Parts by 16.6% during the fourth quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer’s stock valued at $308,935,000 after buying an additional 357,979 shares during the period. 78.83% of the stock is owned by institutional investors.

Genuine Parts Stock Performance

Shares of GPC stock opened at $127.75 on Tuesday. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57. The stock has a market cap of $17.61 billion, a PE ratio of 511.00 and a beta of 0.63. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. The company’s fifty day moving average price is $111.17 and its 200-day moving average price is $115.51.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The company had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same period last year, the business earned $2.10 EPS. Genuine Parts’s quarterly revenue 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, equities analysts expect that Genuine Parts Company will post 7.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other Genuine Parts news, insider James F. Howe sold 415 shares of the firm’s stock in a transaction that occurred on 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 approximately $2,669,700.37. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

GPC has been the subject of a number of recent analyst reports. DA Davidson upped their target price on Genuine Parts from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 6th. Truist Financial boosted their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. UBS Group reaffirmed a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a research 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 note on Monday, May 25th. One investment 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.00.

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.