Eurizon Capital SGR S.p.A. Purchases New Shares in Genuine Parts Company $GPC

Eurizon Capital SGR S.p.A. acquired a new stake in Genuine Parts Company (NYSE:GPC) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 33,967 shares of the specialty retailer’s stock, valued at approximately $4,178,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Community Bank N.A. acquired a new position in Genuine Parts in the third quarter worth $27,000. Olistico Wealth LLC acquired a new position in Genuine Parts in the fourth quarter worth $25,000. WPG Advisers LLC boosted its stake in Genuine Parts by 213.0% in the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 164 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Genuine Parts by 6,225.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 249 shares in the last quarter. Finally, Lodestone Wealth Management LLC acquired a new position in Genuine Parts in the fourth quarter worth $32,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Stock Down 1.4%

NYSE GPC opened at $97.28 on Tuesday. The stock has a fifty day moving average of $103.61 and a 200-day moving average of $119.08. The stock has a market capitalization of $13.39 billion, a P/E ratio of 226.23 and a beta of 0.67. Genuine Parts Company has a 52 week low of $90.78 and a 52 week high of $151.57. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09.

Genuine Parts (NYSE:GPC) last released its earnings results 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 company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.17 billion. During the same period last year, the firm earned $1.75 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. 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 7.65 EPS for the current year.

Genuine Parts Announces Dividend

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 paid a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.4%. Genuine Parts’s payout ratio is 988.37%.

Insider Activity at Genuine Parts

In related news, insider James F. Howe sold 415 shares of Genuine Parts 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 directly owned 25,589 shares of the company’s stock, valued at $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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