Tocqueville Asset Management L.P. Makes New Investment in Genuine Parts Company $GPC

Tocqueville Asset Management L.P. acquired a new position in shares of Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 692,724 shares of the specialty retailer’s stock, valued at approximately $81,728,000. Genuine Parts comprises about 1.1% of Tocqueville Asset Management L.P.’s holdings, making the stock its 17th biggest holding.

Other large investors have also modified their holdings of the company. United Asset Strategies Inc. raised its stake in Genuine Parts by 1.6% during the 4th quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock worth $552,000 after acquiring an additional 72 shares in the last quarter. IHT Wealth Management LLC boosted its stake in Genuine Parts by 1.8% in the fourth quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock valued at $571,000 after acquiring an additional 83 shares in the last quarter. Oakworth Capital Inc. boosted its stake in Genuine Parts by 1.9% in the fourth quarter. Oakworth Capital Inc. now owns 4,680 shares of the specialty retailer’s stock valued at $575,000 after acquiring an additional 88 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Genuine Parts by 34.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 88 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. grew its holdings in shares of Genuine Parts by 13.8% during the second quarter. Beacon Investment Advisory Services Inc. now owns 727 shares of the specialty retailer’s stock worth $86,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Stock Performance

NYSE GPC opened at $134.68 on Thursday. The firm has a market cap of $18.57 billion, a P/E ratio of 538.72 and a beta of 0.63. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The business’s 50-day moving average price is $122.84 and its 200 day moving average price is $115.25. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating the consensus estimate of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The firm had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the prior year, the business earned $2.10 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities research analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, September 4th. Genuine Parts’s dividend payout ratio is 1,700.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Raymond James Financial reissued a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson raised their price target on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Profile

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.