NewEdge Wealth LLC Acquires New Position in Genuine Parts Company $GPC

NewEdge Wealth LLC acquired a new position in shares of Genuine Parts Company (NYSE:GPC) during the 2nd quarter, HoldingsChannel reports. The firm acquired 8,262 shares of the specialty retailer’s stock, valued at approximately $975,000.

A number of other large investors have also recently bought and sold shares of GPC. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in 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 worth $3,200,000 after buying an additional 13,900 shares during the last quarter. Montag A & Associates Inc. lifted 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 valued at $6,923,000 after buying an additional 10,622 shares during the last quarter. Paradiem LLC bought a new stake in Genuine Parts in the first quarter valued at $3,154,000. Hsbc Holdings PLC boosted its holdings in shares of Genuine Parts by 19.5% during the fourth quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock valued at $58,887,000 after acquiring an additional 77,936 shares during the period. Finally, Conning Inc. boosted its holdings in shares of Genuine Parts by 5.7% during the fourth quarter. Conning Inc. now owns 246,390 shares of the specialty retailer’s stock valued at $30,296,000 after acquiring 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 analyst reports. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. UBS Group reissued a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Raymond James Financial restated a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Finally, Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Genuine Parts has an average rating of “Moderate Buy” and a consensus target price of $147.86.

Genuine Parts Trading Up 0.8%

Shares of GPC opened at $134.03 on Friday. The business’s 50-day moving average price is $124.05 and its 200 day moving average price is $115.34. 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 stock has a market capitalization of $18.48 billion, a P/E ratio of 536.12 and a beta of 0.63. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The company had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same period in the prior year, the firm earned $2.10 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, September 4th. Genuine Parts’s dividend payout ratio is 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.