HighTower Advisors LLC Cuts Holdings in Genuine Parts Company $GPC

HighTower Advisors LLC lowered its position in Genuine Parts Company (NYSE:GPC) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,799 shares of the specialty retailer’s stock after selling 3,860 shares during the quarter. HighTower Advisors LLC’s holdings in Genuine Parts were worth $9,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GPC. Strive Financial Group LLC acquired a new stake in Genuine Parts during the fourth quarter worth about $25,000. Motiv8 Investments LLC acquired a new stake in shares of Genuine Parts in the fourth quarter worth $31,000. Elyxium Wealth LLC purchased a new position in shares of Genuine Parts in the 4th quarter valued at $33,000. Elevation Wealth Partners LLC raised its stake in shares of Genuine Parts by 510.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 235 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Genuine Parts by 6,225.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Trading Down 1.0%

NYSE:GPC opened at $133.95 on Friday. The stock has a market cap of $18.47 billion, a price-to-earnings ratio of 535.81, a price-to-earnings-growth ratio of 2.50 and a beta of 0.64. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57. 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 business’s 50-day simple moving average is $130.82 and its 200 day simple moving average is $114.86.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The firm had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same quarter last year, the firm earned $2.10 EPS. Genuine Parts’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. As a group, sell-side analysts predict that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on GPC. UBS Group reaffirmed a “neutral” rating and set a $122.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. Evercore reissued an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Raymond James Financial restated a “strong-buy” rating and set a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Truist Financial boosted their price objective on Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Finally, DA Davidson upped their target price on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. One 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $147.86.

About Genuine Parts

Genuine Parts Company (NYSE:GPC) is a global distributor of automotive and industrial replacement parts. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional customers, businesses and consumers through a broad network of distribution centers, stores and service locations.

Through its automotive parts operations, including the NAPA brand in North America and other regional businesses, Genuine Parts distributes replacement parts, accessories, tools and equipment for cars, trucks and other vehicles.