Genuine Parts Company (GPC) is an old-time dividend favorite. But are its best days in the past?
GPC has increased its dividend payments to investors for a whopping 68 consecutive years.
While GPC has one of the best track records among dividend stocks, it’s still not immune to setbacks.
Over the past 12 months, GPC’s price has declined 11%, while the market has grown 20.9%.
But GPC’s story is far from over.
Now, GPC is trading at a more attractive valuation today.
And insiders have been interested in the stock.
Here’s what’s been happening:
- Newly elected CEO William Stengel recently invested over $3 million of personal money in the company.
- Additionally, three of GPC’s top hedge fund investors recently added over 300,000 shares each to their GPC positions.
- But – one fund recently cut its position in GPC by 30%.
In this article, we’ll look at who owns Genuine Parts Company (GPC) and recent insider trades.
Who are GPC’s top shareholders?
GPC’s top individual investors are:
- Executive Chairman & Former CEO | Paul Donahue
- President & CEO | William Stengel II
- Board Member | Robert “Robin” Loudermilk, Jr.
- Executive Vice President & CFO | Herbert Nappier
- Board Member | John Holder
Some of the top institutional investors that own GPC on behalf of its clients are:
- Vanguard
- BlackRock
- State Street
- Geode Capital Management
- Wells Fargo Advisors
Furthermore, some of the top hedge funds trying to achieve outsized returns holding GPC are:
- Qube Research & Technologies
- D.E Shaw & Co
- Balyasny Asset Management
- Candlestick Capital Management
- Point 72 Asset Management
Who are GPC’s top individual investors?
First of all, an insider at a company is either a company officer (think upper management, like a CEO, CFO, COO, etc), or someone on the Board of Directors.
Insiders also include people who own over 10% of the company, but no individual investors own more than 10% of GPC.
Insiders are legally required to report their holdings to the SEC, and TIKR scans SEC filings to report back to you.
Given these points, you can see that a lot of company officers and board members are adding to their positions:
See GPC’s full list of individual investors >>>
- Executive Chairman and Former CEO | Paul Donahue: Owns 180,306 GPC shares worth $24.5 million, which is 0.13% of GPC’s outstanding shares. Donahue was GPC’s CEO until June 2024, when William Stengel succeeded him. Donahue recently purchased 31,450 shares, increasing his position size by 21.13%.
- President & CEO | William Stengel II: Owns 33,512 GPC shares worth $4.8 million, which is 0.02% of GPC’s outstanding shares. Stengel joined the company in 2019 as Executive Vice President and Chief Transformation Officer with nearly two decades of significant leadership and professional experience. Afterward, in 2021, he was promoted to serve as only the eighth President in the company’s history. Stengel recently purchased 22,776 shares, increasing his position size by 212.15%.
- Board Member | Robert “Robin” Loudermilk: Owns 33,105 shares of GPC worth $4.6 million, or 0.02% of GPC’s total outstanding shares. Loudermilk is President and Chief Executive Officer of The Loudermilk Companies, an asset-based real estate development, investment, and management company in Atlanta, GA. Prior to founding LCO, Loudermilk served as President, Chief Executive Officer and Director of Aaron’s, Inc. Loudermilk recently purchased 1,496 shares of GPC, increasing his position size by 4.73%.
- Executive Vice President & CFO | Herbert Nappier: Owns 27,617 shares of GPC worth $3.8 million, or 0.02% of the company’s total outstanding shares. On May 2, 2022, Nappier became CFO and oversees GPC’s global financial operations. He reports to CEO Paul Donahue and advances the company’s strategic goals. Recently, Nappier purchased 4,253 shares, increasing his position by 18.20%.
- Board Member | John Holder: Owns 24,953 shares of GPC worth $3.5 million, or 0.02% of GPC’s total outstanding shares. John Holder is Chairman and Chief Executive Officer of Holder Properties, a commercial and residential real estate development, leasing, and management company based in Atlanta. Holder held the position of Chairman since 1989 and Chief Executive Officer since 1980. He is also a director of Oxford Industries, Inc. and has been a member of its Audit Committee since 2011. Holder recently sold 1,496 shares of GPC, increasing his position by 6.38%.
Who are GPC’s top institutional investors?
See GPC’s full list of institutional investors >>>
- Vanguard Group: Owns 17,391,795 GPC shares worth $2.4 billion, which is 12.48% of GPC’s outstanding shares. GPC makes up a shockingly small 0.04% of Vanguard’s holdings. Vanguard is a leading asset management firm known for its low-cost index funds and ETFs. Vanguard’s assets under management (AUM) exceed $8 trillion. Vanguard recently sold 97,614 shares, decreasing its position size by 0.56%.
- BlackRock: Owns 7,963,423 shares of GPC worth $1.1 billion, or 5.72% of GPC’s total outstanding shares. GPC is just a tiny 0.03% of BlackRock Institutional Company’s holdings. BlackRock, headquartered in New York City, is the world’s largest institutional money manager exceeding $9 trillion in assets under management. BlackRock also owns iShares, a top global ETF provider. BlackRock recently purchased 236,521 shares of GPC, increasing its position size by 3.06%.
- State Street: Owns 7,578,695 GPC shares worth $1.0 billion, which is 5.44% of GPC’s outstanding shares. GPC is just a tiny 0.05% of State Street’s Global Advisor’s holdings. State Street Corporation is a leading global financial services firm with about $3.7 trillion in assets under management. It created the first ETF, the SPDR S&P 500 ETF Trust, in 1993 and still owns the SPDR ETF line, which offers various ETFs. State Street recently sold 390,957 shares, reducing its position size by 4.91%.
- Geode Capital Management: Owns 3,199,905 shares of GPC worth $441.5 million, or 2.30% of GPC’s total outstanding shares. GPC makes up just a tiny 0.04% of Geode’s holdings. Based in Boston, Geode Capital Management manages over $1.2 trillion in assets, focusing on systematic investment strategies while handling a large portion of Fidelity’s index fund assets. Geode recently purchased 53,373 shares, increasing its position by 1.70%.
- Wells Fargo Advisors: Owns 2,807,655 shares of GPC worth $387.4 million, or 2.02% of GPC’s total outstanding shares. GPC makes up 0.14% of Wells Fargo’s holdings. Wells Fargo Advisors, based in St. Louis, is a leading US financial services firm offering investment advisory and brokerage services, while aiming to help clients grow and manage their wealth. Wells Fargo recently sold 79,674 shares of GPC, increasing its position by 2.92%.
Who are GPC’s top hedge fund investors?
See GPC’s full list of hedge fund investors >>>
- Qube Research & Technologies: Owns 772,895 GPC shares worth $106.6 million, or 0.55% of GPC’s total outstanding shares. GPC makes up just a tiny 0.22% of this fund’s holdings. Qube Research & Technologies is a quantitative investment firm specializing in algorithmic trading strategies. Qube Research & Technologies recently decreased its position size by 94,663 shares, or 10.91% of its GPC position.
- D.E Shaw & Co: Owns 756,472 GPC shares worth $104.4 million, or 0.54% of GPC’s total outstanding shares. GPC makes up 0.16% of this fund’s holdings. D.E Shaw & Co. is a global firm specializing in quantitative and algorithmic trading using advanced technology and data analysis. D.E Shaw & Co. recently reduced its position size by 328,191 shares, cutting its position by 30.26%.
- Balyasny Asset Management: Owns 703,747 GPC shares worth $97.1 million, or 0.51% of GPC’s total outstanding shares. GPC makes up less than 0.01% of this fund’s holdings. Balyasny is a global investment firm that uses both fundamental and quantitative strategies to invest in equity and alternative markets. Balyasny has not recently changed its number of shares or percentage of shares held.
- Candlestick Capital Management: Owns 372,414 shares of GPC worth $51.4 million, or 0.27% of GPC’s outstanding shares. GPC makes up just 1.90% of Candlestick’s holdings. Candlestick Capital Management, founded by Jack Woodruff, is a hedge fund focusing on long/short equity strategies through fundamental research. It has not recently changed its number of shares or percentage of shares held.
- Point 72 Asset Management: Owns 337,751 shares of GPC worth $46.6 million, or 0.24% of GPC’s total outstanding shares. GPC makes up 0.15% of Point 72 Asset Management holdings. Point72 Asset Management is a global firm founded by Steven A. Cohen, focusing on long/short equity investing and various asset classes using fundamental and quantitative analysis. Point 72 Asset Management recently made some big purchases with the addition of 29,813 shares of GPC, which added 9.68% to its position.
Recent Insider Transactions:
Insider Transaction Meaning:
First of all, an insider at a company is either a company officer (think upper management, like a CEO, CFO, COO, etc), someone on the Board of Directors, or somebody who owns over 10% of the company.
GPC’s insiders include company officers and members of the Board of Directors because nobody owns over 10% of the company.
Insiders are legally required to disclose to the SEC when they buy or sell their company’s stock, which allows savvy investors to track whether the smartest people at a company are buying or selling the stock.
Is insider selling always a bad sign?
Company insiders may very well sell a stock because they lack confidence in the company or because they think the stock is overvalued.
But it’s just as common for insiders to sell their stock for personal reasons or to diversify their portfolio.
As the legendary investor Peter Lynch said: “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.”
We generally like to look for insider buying, but we don’t always consider insider selling a bad sign.
Should you only buy stocks with insider buying?
It’s a positive sign to see insiders buying a stock, but it’s certainly not required for investing in a stock.
Remember, tracking insider trading is just one factor in an investor’s stock analysis efforts.
Investing solely based on insider buying would be kind of like deciding to move on a whim to Texas because you heard Elon Musk is moving his company’s headquarters to Texas.
Yes, Elon Musk moving to Texas probably makes Texas a more attractive place to live. You’d also have to assess everything about moving to Texas, like the weather, the area, the cost of living, etc. to see if it’d be right for you. It’s the same with stocks.
GPC’s Recent Insider Trades:
See all of GPC’s recent Insider Transactions >>>
- Board Member | Paul Hardin: Owns 3,168 shares of GPC worth $500K, which is 0.00% of GPC’s outstanding shares. Hardin provides strategic oversight and guidance to GPC. Hardin recently added 1,496 shares of GPC, increasing his position by 89.47%.
- Board Member | John Holder: Owns 24,953 shares of GPC worth $3.6 million, which is 0.02% of GPC’s outstanding shares. Holder is Chairman and Chief Executive Officer of Holder Properties, a commercial and residential real estate development, leasing, and management company based in Atlanta. Holder held the position of Chairman since 1989 and Chief Executive Officer since 1980. He is also a director of Oxford Industries, Inc. and has been a member of its Audit Committee since 2011. Holder recently sold 1,496 shares of GPC, increasing his position by 6.38%.
- President & CEO | Robert “Robin” Loudermilk: Owns 33,105 shares of GPC worth $4.6 million, or 0.02% of GPC’s total outstanding shares. Loudermilk is President and Chief Executive Officer of The Loudermilk Companies, an asset-based real estate development, investment, and management company in Atlanta, GA. Prior to founding LCO, Loudermilk served as President, Chief Executive Officer, and Director of Aaron’s, Inc. Loudermilk recently purchased 1,496 shares of GPC, increasing his position size by 4.73%.
- Board Member | John Johns: Owns 20,882 shares of GPC worth $3.0 million, which is 0.02% of GPC’s outstanding shares. He is the lead independent director of GPC’s board of directors and recently purchased 1,506 shares of GPC, increasing his position by 7.77%.
- Board Member | Gary Fayard: Owns 10,507 shares of GPC worth $1.5 million, which is 0.01% of GPC’s outstanding shares. Fayard is a retired CFO for Coca-Cola and still serves on GPC’s board of directors. John recently purchased 1,609 shares of GPC, increasing his position by 18.08%.
Recap:
GPC’s new CEO recently gave the company a big vote of confidence by investing over $3M of his personal assets in the company.
Many top institutions and hedge funds are adding to their positions, but top hedge funds, D. E. Shaw and Millennium Management, just reduced their positions by 30% and 40%, respectively.
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GPC Stock Ownership FAQ’s
Who Owns Genuine Parts Company (GPC)?
According to TIKR’s data, some of GPC’s top institutional investors are Vanguard, Black Rock, State Street, Geode Capital Management, and Wells Fargo. Some of the top hedge funds trying to achieve outsized returns by holding GPC are Qube Research & Technologies, D.E Shaw & Co, Balyasny Asset Management, Candlestick Capital Management, and Point 72 Asset Management.
Are insiders selling Genuine Parts Company (GPC)?
Most of GPC’s insiders have been buying, but some insiders are selling.
Check out GPC’s full list of Insider Transactions >>>
Are insiders buying Genuine Parts Company (GPC)?
Recent data indicates that insiders, including CEO Paul Donahue and CFO Carol Yancey, have increased their positions in Genuine Parts Company (GPC). This insider buying activity suggests these insiders might be bullish on the company’s future prospects.
Check out GPC’s full list of Insider Transactions >>>
Who owns the most shares of Genuine Parts Company (GPC)?
Today, Vanguard owns the most shares of GPC, with over 17 million shares worth $2.4 billion, which is 12.48% of GPC’s outstanding shares.
What is the significance of the ownership structure for a publicly traded company?
Large institutional investors can impact a company’s management and stock price by buying or selling large numbers of shares.
Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. We aim to provide informative and engaging analysis to help empower individuals to make their own investment decisions. Neither TIKR nor our authors hold positions in any of the stocks mentioned in this article. Thank you for reading, and happy investing!
