J. Goldman & Co LP Makes New $9.37 Million Investment in Genuine Parts Company $GPC

J. Goldman & Co LP purchased a new stake in shares of Genuine Parts Company (NYSE:GPC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 79,427 shares of the specialty retailer’s stock, valued at approximately $9,371,000. J. Goldman & Co LP owned approximately 0.06% of Genuine Parts at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GPC. IHT Wealth Management LLC grew its holdings in Genuine Parts by 1.8% during the fourth quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock valued at $571,000 after purchasing an additional 83 shares during the last quarter. Oakworth Capital Inc. boosted its holdings in shares of Genuine Parts by 1.9% during the 4th quarter. Oakworth Capital Inc. now owns 4,680 shares of the specialty retailer’s stock worth $575,000 after buying an additional 88 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Genuine Parts by 34.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock worth $42,000 after buying an additional 88 shares during the period. Beacon Investment Advisory Services Inc. grew its stake in Genuine Parts by 13.8% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 727 shares of the specialty retailer’s stock valued at $86,000 after buying an additional 88 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ raised its holdings in Genuine Parts by 3.8% in the 4th quarter. Lansforsakringar Fondforvaltning AB publ now owns 2,413 shares of the specialty retailer’s stock worth $297,000 after acquiring an additional 88 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GPC. DA Davidson lifted their price objective on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. UBS Group reiterated a “neutral” rating and set a $122.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Stock Performance

Genuine Parts stock opened at $138.09 on Wednesday. The firm has a market capitalization of $19.04 billion, a P/E ratio of 552.34 and a beta of 0.63. The stock has a fifty day moving average price of $125.29 and a two-hundred day moving average price of $115.03. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the prior year, the firm earned $2.10 EPS. The firm’s quarterly 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. As a group, analysts anticipate that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.1%. Genuine Parts’s dividend payout ratio (DPR) is presently 1,700.00%.

Genuine Parts Company 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.