Pzena Investment Management LLC Invests $69.84 Million in Genuine Parts Company $GPC

Pzena Investment Management LLC acquired a new stake in Genuine Parts Company (NYSE:GPC) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 591,970 shares of the specialty retailer’s stock, valued at approximately $69,841,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. United Asset Strategies Inc. lifted its holdings in Genuine Parts by 1.6% in the 4th quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock valued at $552,000 after purchasing an additional 72 shares in the last quarter. IHT Wealth Management LLC raised its position in shares of Genuine Parts by 1.8% in the fourth quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock valued at $571,000 after buying an additional 83 shares during the last quarter. Oakworth Capital Inc. lifted its stake in shares of Genuine Parts by 1.9% during the fourth quarter. Oakworth Capital Inc. now owns 4,680 shares of the specialty retailer’s stock valued at $575,000 after buying an additional 88 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in Genuine Parts by 34.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 88 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. boosted its position in Genuine Parts by 13.8% during the second quarter. Beacon Investment Advisory Services Inc. now owns 727 shares of the specialty retailer’s stock worth $86,000 after acquiring an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on GPC shares. DA Davidson lifted their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. UBS Group reissued a “neutral” rating and set a $122.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. Truist Financial raised their price objective on Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Price Performance

GPC opened at $132.88 on Tuesday. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The company’s 50 day simple moving average is $121.46 and its 200 day simple moving average is $115.33. The stock has a market capitalization of $18.32 billion, a PE ratio of 531.52 and a beta of 0.62. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.08 by $0.07. The firm had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. Genuine Parts’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, sell-side analysts expect that Genuine Parts Company will post 7.73 EPS for the current 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. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, September 4th. Genuine Parts’s dividend payout ratio is presently 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.