Synergy Asset Management LLC cut its stake in Genuine Parts Company by 65.8%, retaining shares worth $4.54 million following disappointing earnings and cautious guidance. Despite this, Genuine Parts increased its quarterly dividend, indicating a focus on shareholder returns.

NodeGuardian

2026-04-16 09:44:08

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Synergy Asset Management LLC significantly reduced its stake in Genuine Parts Company (NYSE:GPC) by 65.8% in Q4, selling 71,130 shares and retaining 36,898 shares valued at approximately $4.54 million. This reduction comes as Genuine Parts missed quarterly earnings and revenue estimates and provided a cautious FY2026 guidance. Despite the sell-off by Synergy Asset Management, the company raised its quarterly dividend, demonstrating a commitment to shareholder returns amidst mixed financial performance.

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Synergy Asset Management LLC Sells 71,130 Shares of Genuine Parts Company $GPC

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