On May 21, 2024, Wendy Needham, Director at Genuine Parts Co (GPC, Financial), executed a sale of 3,000 shares of the company. The transaction was filed on the same day with the SEC. The shares were sold at a price of $151.29 each, totaling $453,870.
Genuine Parts Co (GPC, Financial) is a distributor of automotive replacement parts, industrial parts, and business products. The company operates through various segments, including Automotive Parts Group and Industrial Parts Group, providing a broad range of products to both the professional and do-it-yourself customers.
Over the past year, the insider has sold a total of 6,250 shares and has not made any purchases. This recent sale follows a pattern observed in the insider transaction history for Genuine Parts Co, which shows a total of 2 insider sells and 1 insider buy over the past year.
On the valuation front, Genuine Parts Co had a market cap of $20.84 billion on the day of the sale. The stock's price-earnings ratio was 16.68, slightly above the industry median of 16.57. According to the GF Value, the stock is considered Modestly Undervalued with a price-to-GF-Value ratio of 0.89, suggesting potential for price appreciation.
The GF Value is calculated considering historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from analysts.
The recent insider activity and valuation metrics provide a snapshot of Genuine Parts Co's financial landscape and insider sentiment. Investors and analysts will continue to monitor these trends for insights into the company's stock performance and strategic direction.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
