Birch Capital Management LLC Trims Position in Genuine Parts Company $GPC

Birch Capital Management LLC cut its stake in shares of Genuine Parts Company (NYSE:GPC) by 21.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,682 shares of the specialty retailer’s stock after selling 3,967 shares during the quarter. Genuine Parts makes up approximately 0.9% of Birch Capital Management LLC’s holdings, making the stock its 28th biggest position. Birch Capital Management LLC’s holdings in Genuine Parts were worth $1,732,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GPC. BlackRock Inc. purchased a new stake in Genuine Parts during the 2nd quarter valued at about $1,574,910,000. State Street Corp boosted its holdings in Genuine Parts by 1.4% during the 4th quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer’s stock valued at $940,940,000 after acquiring an additional 107,440 shares during the period. Barclays PLC grew its position in Genuine Parts by 10.6% in the 4th quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock valued at $479,711,000 after acquiring an additional 373,065 shares in the last quarter. Geode Capital Management LLC increased its stake in Genuine Parts by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock worth $462,772,000 after purchasing an additional 64,676 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Genuine Parts by 16.6% in the fourth quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer’s stock valued at $308,935,000 after purchasing an additional 357,979 shares during the period. 78.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GPC shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Raymond James Financial reiterated a “strong-buy” rating and issued a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson upped their price target on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Truist Financial increased their price target on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Genuine Parts currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.86.

Genuine Parts Stock Performance

GPC opened at $134.88 on Wednesday. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The stock’s 50 day simple moving average is $128.25 and its 200 day simple moving average is $114.66. The stock has a market cap of $18.59 billion, a P/E ratio of 539.52, a P/E/G ratio of 2.51 and a beta of 0.64. 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 released its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share 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 business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period in the previous year, the company posted $2.10 EPS. The company’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. As a group, equities analysts anticipate that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a $1.0625 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a yield of 3.2%. Genuine Parts’s dividend payout ratio (DPR) is currently 1,700.00%.

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.