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Genuine Parts Co (NYSE:GPC) Director Wendy B. Needham recently sold 4,024 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a price of $123.28 each, totaling approximately $496,078. The transaction occurred as GPC, a prominent player in the Distributors industry with a market capitalization of $17.2 billion, trades near its 52-week low of $112.74. According to InvestingPro analysis, the stock currently appears slightly undervalued. Following this transaction, Needham retains ownership of 7,333 shares in the company. This sale comes as part of regular insider activity, providing investors with a glimpse into the trading actions of company executives. InvestingPro data shows that GPC maintains a strong dividend tradition, having raised its dividend for 37 consecutive years, with a current yield of 3.35%. For deeper insights into GPC’s valuation, financial health, and extensive analysis, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Genuine Parts Co (GPC) reported mixed financial results for the fourth quarter of 2024. The company posted earnings per share (EPS) of $1.61, slightly missing the forecasted $1.64, but exceeded revenue expectations with $5.77 billion, compared to the anticipated $5.73 billion. S&P Global Ratings revised its credit outlook for GPC to negative due to increased leverage from acquisitions and restructuring costs, with the company acquiring over 500 stores in 2024. This acquisition activity was partly responsible for the rise in S&P Global Ratings-adjusted leverage to 4.5x by the end of 2024. The company anticipates restructuring expenses to decrease in 2025, aiming for operational efficiency improvements. Despite challenges, GPC achieved a 1.7% increase in total sales for the year, reaching $23.5 billion, and generated $1.3 billion in operating cash flow. Analysts at S&P Global Ratings expect the company’s adjusted EBITDA margin to improve modestly in 2025, driven by efficiency measures and better gross margins.
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