Victory Capital Management Inc. Sells 17,950 Shares of Genuine Parts Company $GPC

Victory Capital Management Inc. trimmed its position in Genuine Parts Company (NYSE:GPC) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 309,833 shares of the specialty retailer’s stock after selling 17,950 shares during the period. Victory Capital Management Inc.’s holdings in Genuine Parts were worth $42,943,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Genuine Parts by 0.3% in the third quarter. Vanguard Group Inc. now owns 17,365,970 shares of the specialty retailer’s stock worth $2,406,923,000 after acquiring an additional 56,792 shares during the period. Dana Investment Advisors Inc. boosted its stake in shares of Genuine Parts by 15.8% during the 3rd quarter. Dana Investment Advisors Inc. now owns 84,427 shares of the specialty retailer’s stock worth $11,702,000 after acquiring an additional 11,539 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Genuine Parts by 4.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 549,830 shares of the specialty retailer’s stock valued at $76,206,000 after acquiring an additional 21,820 shares during the period. Synergy Asset Management LLC grew its position in shares of Genuine Parts by 272.7% during the 3rd quarter. Synergy Asset Management LLC now owns 108,028 shares of the specialty retailer’s stock valued at $14,706,000 after acquiring an additional 79,044 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Genuine Parts by 33.0% in the 3rd quarter. Assetmark Inc. now owns 65,158 shares of the specialty retailer’s stock worth $9,031,000 after purchasing an additional 16,156 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Stock Down 1.2%

GPC opened at $115.73 on Friday. The stock has a market cap of $16.10 billion, a price-to-earnings ratio of 251.59 and a beta of 0.75. 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’s fifty day moving average is $131.06 and its 200 day moving average is $132.06. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week high of $151.57.

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

Genuine Parts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a dividend of $1.0625 per share. This is an increase from Genuine Parts’s previous quarterly dividend of $1.03. This represents a $4.25 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, March 6th. Genuine Parts’s dividend payout ratio (DPR) is 895.65%.

Wall Street Analysts Forecast Growth

GPC has been the topic of a number of recent research reports. Truist Financial set a $127.00 target price on Genuine Parts and gave the stock a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Monday, December 29th. Evercore set a $160.00 price objective on Genuine Parts in a research note on Friday, February 20th. Raymond James Financial raised 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 report on Tuesday, February 24th. Finally, The Goldman Sachs Group upgraded Genuine Parts from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $130.00 to $142.00 in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four 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 $145.57.

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.