Genuine Parts Company $GPC Stock Holdings Lifted by Montag A & Associates Inc.

Montag A & Associates Inc. increased its position in shares of Genuine Parts Company (NYSE:GPC) by 19.6% during the first quarter, Holdings Channel reports. The fund owned 64,855 shares of the specialty retailer’s stock after acquiring an additional 10,622 shares during the quarter. Montag A & Associates Inc.’s holdings in Genuine Parts were worth $6,923,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GPC. Olistico Wealth LLC purchased a new position in Genuine Parts during the 4th quarter worth approximately $25,000. Strive Financial Group LLC acquired a new stake in Genuine Parts during the 4th quarter valued at $25,000. Community Bank N.A. purchased a new stake in shares of Genuine Parts in the third quarter valued at $27,000. WPG Advisers LLC lifted its holdings in shares of Genuine Parts by 213.0% in the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 164 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in shares of Genuine Parts in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Price Performance

GPC opened at $128.94 on Wednesday. The stock has a fifty day moving average price of $105.15 and a 200 day moving average price of $115.63. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The stock has a market cap of $17.74 billion, a price-to-earnings ratio of 299.85 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the firm posted $1.75 EPS. The business’s revenue 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. Analysts forecast that Genuine Parts Company will post 7.69 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, June 5th. Genuine Parts’s dividend payout ratio (DPR) is presently 988.37%.

Insiders Place Their Bets

In other Genuine Parts news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total value of $43,296.95. Following the completion of the sale, the insider directly owned 25,589 shares in the company, valued at $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

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

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.