Pictet Asset Management Holding SA Sells 5,867 Shares of Genuine Parts Company $GPC

Pictet Asset Management Holding SA cut its stake in shares of Genuine Parts Company (NYSE:GPC – Free Report) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,331 shares of the specialty retailer’s stock after selling 5,867 shares during the quarter. Pictet Asset Management Holding SA owned 0.06% of Genuine Parts worth $9,755,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Genuine Parts by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock worth $2,111,000 after acquiring an additional 671 shares during the last quarter. Woodline Partners LP grew its holdings in Genuine Parts by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock worth $1,399,000 after acquiring an additional 3,396 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Genuine Parts by 15.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer’s stock worth $122,000 after acquiring an additional 137 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Genuine Parts by 5.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer’s stock worth $3,027,000 after acquiring an additional 1,323 shares during the last quarter. Finally, AXA S.A. grew its holdings in Genuine Parts by 37.2% during the 2nd quarter. AXA S.A. now owns 51,292 shares of the specialty retailer’s stock worth $6,222,000 after acquiring an additional 13,898 shares during the last quarter. 78.83% of the stock is owned by institutional investors.

Genuine Parts Stock Performance

GPC opened at $104.71 on Friday. 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’s fifty day moving average price is $108.86 and its two-hundred day moving average price is $123.45. Genuine Parts Company has a 1-year low of $96.08 and a 1-year high of $151.57. The company has a market cap of $14.41 billion, a price-to-earnings ratio of 243.51 and a beta of 0.70.

Genuine Parts (NYSE:GPC – Get Free Report) last released its quarterly earnings data 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 net margin of 0.24% and a return on equity of 22.28%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the company posted $1.75 earnings per share. The business’s revenue 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, analysts expect that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $1.0625 per share. The ex-dividend date is Friday, June 5th. This represents a $4.25 annualized dividend and a yield of 4.1%. Genuine Parts’s dividend payout ratio is presently 988.37%.

Analysts Set New Price Targets

GPC has been the topic of a number of analyst reports. Raymond James Financial raised shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, February 24th. Truist Financial reduced their price objective on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Zacks Research lowered shares of Genuine Parts from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th. Finally, UBS Group reduced their price objective on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Genuine Parts presently has an average rating of “Hold” and an average target price of $143.71.

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Genuine Parts Profile

(Free Report)

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.

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