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Genuine Parts Company GPC - News Analyzed: 8,067 - Last Week: 100 - Last Month: 400

β†— Genuine Parts Company (GPC) Aims for $200M Annual Cost Saving by 2026 Amid Major Investments

Genuine Parts Company (GPC) Aims for $200M Annual Cost Saving by 2026 Amid Major Investments
NewEdge Advisors and other investors have purchased substantial shares in Genuine Parts Company (GPC), while others like USS Investment Management have trimmed theirs. Adding to its board, GPC made new appointments as a part of their transformation process. Despite a volatile stock market, GPC's stock has often traded up and reported positive Q1 and Q2 2025 results. Goldman Sachs Group and other financial institutions have amassed high-value holdings in GPC. Following changes in executive officers and decisions on quarterly dividends, GPC presented at the Goldman Sachs Global Retailing Conference. Consequently, the firm hiked its position in GPC. Amid certain risk with its debt, GPC settled with Elliot Investment Management leading to stock gains. By 2026, GPC aims to achieve a whopping $200M annual cost saving via restructuring efforts. As GPC champions innovation, new tech-focused directors are expected to redefine the company's trajectory. Despite seemingly conservative near-term outlook, GPC receives a 'Moderate Buy' consensus rating from brokerages. Following an earnings beat Q2 2025, it will be interesting to watch GPC's strategies unfold.

Genuine Parts Company GPC News Analytics from Tue, 22 Oct 2024 07:00:00 GMT to Sun, 14 Sep 2025 00:09:43 GMT - Rating 3 - Innovation 5 - Information 7 - Rumor 1

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