Western Wealth Management LLC Grows Stock Position in Genuine Parts Company $GPC

Western Wealth Management LLC boosted its holdings in Genuine Parts Company (NYSE:GPC) by 306.4% during the first quarter, HoldingsChannel reports. The fund owned 7,010 shares of the specialty retailer’s stock after buying an additional 5,285 shares during the period. Western Wealth Management LLC’s holdings in Genuine Parts were worth $741,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in GPC. Norges Bank purchased a new stake in Genuine Parts in the fourth quarter valued at $293,471,000. Baupost Group LLC MA acquired a new stake in shares of Genuine Parts during the 3rd quarter worth about $193,347,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Genuine Parts by 7,774.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock worth $151,854,000 after purchasing an additional 1,219,300 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Genuine Parts during the 3rd quarter worth about $61,321,000. Finally, Jain Global LLC purchased a new stake in Genuine Parts in the 4th quarter valued at about $53,782,000. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GPC. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Raymond James Financial reiterated a “strong-buy” rating and set a $165.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. DA Davidson boosted their price target on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Finally, Truist Financial increased their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the stock 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 given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Price Performance

GPC stock opened at $128.75 on Tuesday. The business’s fifty day moving average price is $114.32 and its 200 day moving average price is $115.51. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $17.75 billion, a PE ratio of 514.99 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last released its earnings results 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. The company had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.Genuine Parts’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts anticipate that Genuine Parts Company will post 7.72 EPS for the current year.

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.