Northwestern Mutual Wealth Management Co. Acquires 1,219,300 Shares of Genuine Parts Company $GPC

Northwestern Mutual Wealth Management Co. lifted its position in Genuine Parts Company (NYSE:GPC) by 7,774.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,234,984 shares of the specialty retailer’s stock after purchasing an additional 1,219,300 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Genuine Parts were worth $151,854,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GPC. United Asset Strategies Inc. grew its stake in shares of 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 buying an additional 72 shares during the last quarter. J2 Capital Management Inc grew its stake in shares of 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 buying an additional 79 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of 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 buying an additional 82 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of 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 buying an additional 83 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its stake in shares of 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 buying an additional 83 shares during the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Genuine Parts

In other news, insider James F. Howe sold 415 shares of the stock in a transaction on Tuesday, May 5th. The stock was 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 approximately $2,669,700.37. This represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.13% of the company’s stock.

Genuine Parts Stock Down 4.4%

Genuine Parts stock opened at $92.92 on Friday. The business has a fifty day moving average of $105.95 and a two-hundred day moving average of $121.45. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm has a market cap of $12.79 billion, a P/E ratio of 216.10 and a beta of 0.70. Genuine Parts Company has a twelve month low of $92.83 and a twelve month high of $151.57.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, beating 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 firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same quarter in the prior year, the business posted $1.75 EPS. The business’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. On average, analysts forecast that Genuine Parts Company will post 7.65 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, June 5th. Genuine Parts’s dividend payout ratio is currently 988.37%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GPC. Truist Financial cut their target price on Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. 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 Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Evercore set a $160.00 price objective on Genuine Parts in a research note on Friday, February 20th. Finally, Zacks Research cut Genuine Parts from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $143.71.

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.