OP Asset Management Ltd Invests $1.62 Million in Genuine Parts Company $GPC

OP Asset Management Ltd purchased a new position in shares of Genuine Parts Company (NYSE:GPC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,358 shares of the specialty retailer’s stock, valued at approximately $1,624,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GPC. Olistico Wealth LLC acquired a new stake in Genuine Parts in the 4th quarter worth about $25,000. Strive Financial Group LLC acquired a new position in shares of Genuine Parts during the fourth quarter valued at approximately $25,000. Community Bank N.A. purchased a new position in shares of Genuine Parts in the third quarter valued at approximately $27,000. WPG Advisers LLC lifted its position in shares of Genuine Parts by 213.0% in the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 164 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in shares of Genuine Parts in the fourth quarter worth approximately $31,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Price Performance

NYSE:GPC opened at $116.20 on Monday. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09. The stock has a market cap of $15.99 billion, a PE ratio of 270.23 and a beta of 0.67. The stock has a 50 day moving average price of $103.27 and a 200 day moving average price of $115.88.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.02. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.17 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.75 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts expect that Genuine Parts Company will post 7.69 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, June 5th. Genuine Parts’s payout ratio is currently 988.37%.

Wall Street Analyst Weigh In

GPC has been the subject of several research reports. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday. Truist Financial lowered their target price on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. DA Davidson started coverage on shares of Genuine Parts in a report on Tuesday, June 16th. They set a “strong-buy” rating and a $145.00 target price for the company. Finally, UBS Group reduced their target price on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Genuine Parts presently has a consensus rating of “Moderate Buy” and an average price target of $143.88.

Insider Buying and Selling at Genuine Parts

In related news, insider James F. Howe sold 415 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total value of $43,296.95. Following the completion of the sale, the insider owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.13% of the company’s stock.

About Genuine Parts

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.