Cantor Fitzgerald Investment Advisors,
Allspring Global Investments Holdings,
Synergy Asset Management, and other funds have been reducing their positions in
Genuine Parts Company ($GPC). This follows the company's announcement of its plan to
split automotive and industrial businesses into two separate public companies. Genuine Parts Company's stock has
decreased by 15% YTD. Despite the precarious situation, billionaire
Seth Klarman has increased his stake in the firm. Meanwhile, the
CIO of Genuine Parts has announced his retirement amidst this major overhaul - a decision that caused a 52-week low in the company’s stock price.
Naveen Krishna, the Executive Vice President, is also set to resign in April. Despite these events,
Raymond James remains optimistic and has set a $145 price target for the company. Genuine Parts Company plans to report its first quarter 2026 results on April 21, 2026.
Genuine Parts Company GPC News Analytics from Mon, 17 Nov 2025 08:00:00 GMT to Sat, 11 Apr 2026 08:41:23 GMT -
Rating -4
- Innovation -7
- Information 2
- Rumor -5
