Tocqueville Asset Management L.P. Sells 30,584 Shares of Genuine Parts Company $GPC

Tocqueville Asset Management L.P. trimmed its holdings in shares of Genuine Parts Company (NYSE:GPC) by 15.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 163,263 shares of the specialty retailer’s stock after selling 30,584 shares during the period. Tocqueville Asset Management L.P.’s holdings in Genuine Parts were worth $22,628,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of Genuine Parts in the 2nd quarter valued at about $211,661,000. Federated Hermes Inc. acquired a new position in Genuine Parts in the 2nd quarter valued at $107,015,000. Nomura Holdings Inc. grew its stake in shares of Genuine Parts by 142.1% in the second quarter. Nomura Holdings Inc. now owns 529,330 shares of the specialty retailer’s stock valued at $64,213,000 after acquiring an additional 310,715 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Genuine Parts by 1.5% during the second quarter. Vanguard Group Inc. now owns 17,309,178 shares of the specialty retailer’s stock worth $2,099,776,000 after purchasing an additional 260,787 shares during the period. Finally, First Trust Advisors LP raised its holdings in Genuine Parts by 119.2% in the 2nd quarter. First Trust Advisors LP now owns 403,640 shares of the specialty retailer’s stock valued at $48,966,000 after acquiring an additional 219,524 shares in the last quarter. 78.83% of the stock is owned by institutional investors.

Genuine Parts Stock Down 1.0%

Shares of NYSE:GPC traded down $1.05 during mid-day trading on Friday, hitting $105.96. 218,219 shares of the company traded hands, compared to its average volume of 1,440,407. Genuine Parts Company has a 12-month low of $104.01 and a 12-month high of $151.57. The company has a current ratio of 1.08, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. The stock has a market cap of $14.74 billion, a P/E ratio of 229.95 and a beta of 0.75. The stock has a 50-day moving average price of $129.90 and a two-hundred day moving average price of $131.31.

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

Genuine Parts Increases Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on GPC shares. Evercore set a $160.00 price target on shares of Genuine Parts in a research report on Friday, February 20th. Raymond James Financial upgraded shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price target for the company in a research report on Tuesday, February 24th. UBS Group lowered their price objective on Genuine Parts from $150.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Monday, December 29th. Finally, The Goldman Sachs Group raised shares of Genuine Parts from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $130.00 to $142.00 in a research report on Thursday, November 13th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $145.57.

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.