Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Stock Holdings in Genuine Parts Company $GPC

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its stake in shares of Genuine Parts Company (NYSE:GPC) by 24.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 16,362 shares of the specialty retailer’s stock after selling 5,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Genuine Parts were worth $2,012,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. United Asset Strategies Inc. grew its stake in Genuine Parts by 1.6% during the fourth quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock valued at $552,000 after acquiring an additional 72 shares in the last quarter. J2 Capital Management Inc grew its stake in Genuine Parts by 1.9% during the fourth quarter. J2 Capital Management Inc now owns 4,136 shares of the specialty retailer’s stock valued at $509,000 after acquiring an additional 79 shares in the last quarter. Hantz Financial Services Inc. grew its stake in Genuine Parts by 25.9% during the third quarter. Hantz Financial Services Inc. now owns 399 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 82 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in Genuine Parts by 0.6% during the third quarter. Wealthcare Advisory Partners LLC now owns 14,806 shares of the specialty retailer’s stock valued at $2,052,000 after acquiring an additional 83 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its stake in Genuine Parts by 0.6% during the fourth quarter. Capital Investment Advisors LLC now owns 14,173 shares of the specialty retailer’s stock valued at $1,743,000 after acquiring an additional 83 shares in the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Evercore set a $160.00 target price on shares of Genuine Parts in a research note on Friday, February 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th. UBS Group dropped their price objective on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Truist Financial dropped their price objective on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.71.

Genuine Parts Price Performance

GPC stock opened at $99.38 on Wednesday. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $103.11 and a 200 day moving average price of $117.89. The stock has a market cap of $13.68 billion, a PE ratio of 231.11 and a beta of 0.66.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.02. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same period in the previous year, the company earned $1.75 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts anticipate that Genuine Parts Company will post 7.65 earnings per share for the current year.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a dividend of $1.0625 per share. The ex-dividend date is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a yield of 4.3%. Genuine Parts’s dividend payout ratio (DPR) is presently 988.37%.

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.