5,358 Shares in Genuine Parts Company $GPC Purchased by Studio Investment Management LLC

Studio Investment Management LLC 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 fund purchased 5,358 shares of the specialty retailer’s stock, valued at approximately $638,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GPC. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Genuine Parts by 85.0% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer’s stock valued at $3,200,000 after purchasing an additional 13,900 shares in the last quarter. Paradiem LLC bought a new position in Genuine Parts in the first quarter worth about $3,154,000. Montag A & Associates Inc. raised its stake in Genuine Parts by 19.6% in the first quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer’s stock worth $6,923,000 after buying an additional 10,622 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Genuine Parts by 19.5% in the fourth quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock worth $58,887,000 after buying an additional 77,936 shares during the period. Finally, Conning Inc. lifted its holdings in Genuine Parts by 5.7% in the fourth quarter. Conning Inc. now owns 246,390 shares of the specialty retailer’s stock worth $30,296,000 after buying an additional 13,357 shares during the period. Institutional investors own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

GPC has been the topic of a number of research analyst reports. DA Davidson upped their target price on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Raymond James Financial reissued a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. UBS Group restated a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. One investment 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’s stock. Based on data from MarketBeat.com, Genuine Parts presently has an average rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Price Performance

GPC stock opened at $138.08 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. The firm has a 50 day moving average price of $129.71 and a 200-day moving average price of $114.46. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The firm has a market capitalization of $19.04 billion, a price-to-earnings ratio of 552.32, a PEG ratio of 2.55 and a beta of 0.64.

Genuine Parts (NYSE:GPC) last posted its quarterly 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 return on equity of 22.59% and a net margin of 0.13%.The company had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the prior year, the business posted $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. Equities research analysts forecast that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts’s dividend payout ratio is currently 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.