Patron Partners LLC Acquires Shares of 8,211 Genuine Parts Company $GPC

Patron Partners LLC acquired a new position in shares of Genuine Parts Company (NYSE:GPC) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 8,211 shares of the specialty retailer’s stock, valued at approximately $969,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GPC. Strive Financial Group LLC acquired a new position in shares of Genuine Parts in the fourth quarter valued at approximately $25,000. WPG Advisers LLC lifted its holdings in shares of Genuine Parts by 213.0% during the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 164 shares during the period. Motiv8 Investments LLC acquired a new stake in shares of Genuine Parts during the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd grew its position in Genuine Parts by 6,225.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 249 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new position in Genuine Parts in the 4th quarter valued at $33,000. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. DA Davidson boosted their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Raymond James Financial restated a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. UBS Group reissued a “neutral” rating and set a $122.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Price Performance

Genuine Parts stock opened at $134.03 on Friday. 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 has a fifty day moving average of $124.05 and a two-hundred day moving average of $115.34. The company has a market cap of $18.48 billion, a P/E ratio of 536.12 and a beta of 0.63.

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 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 business had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same period in the prior year, the company posted $2.10 EPS. The business’s revenue for the quarter 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, 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 announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a $1.0625 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a yield of 3.2%. Genuine Parts’s dividend payout ratio (DPR) is 1,700.00%.

Genuine Parts 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.