11,053 Shares in Genuine Parts Company $GPC Purchased by Empowered Funds LLC

Empowered Funds LLC bought a new position in Genuine Parts Company (NYSE:GPC) during the second quarter, Holdings Channel.com reports. The firm bought 11,053 shares of the specialty retailer’s stock, valued at approximately $1,304,000.

Several other institutional investors also recently modified their holdings of GPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Genuine Parts by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock worth $2,111,000 after purchasing an additional 671 shares during the last quarter. Woodline Partners LP lifted its stake in Genuine Parts by 40.7% in the first quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock valued at $1,399,000 after purchasing an additional 3,396 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Genuine Parts by 15.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer’s stock valued at $122,000 after purchasing an additional 137 shares during the period. Daiwa Securities Group Inc. increased its position in Genuine Parts by 5.6% in the second quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer’s stock worth $3,027,000 after buying an additional 1,323 shares during the last quarter. Finally, AXA S.A. increased its position in Genuine Parts by 37.2% in the second quarter. AXA S.A. now owns 51,292 shares of the specialty retailer’s stock worth $6,222,000 after buying an additional 13,898 shares during the last quarter. 78.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GPC. Truist Financial lifted 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. UBS Group reiterated a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Evercore reissued an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $147.86.

Genuine Parts Stock Up 0.3%

Shares of Genuine Parts stock opened at $138.08 on Friday. 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 Company has a 52-week low of $90.78 and a 52-week high of $151.57. The company’s 50 day moving average price is $129.71 and its 200-day moving average price is $114.69. The stock has a market capitalization of $19.04 billion, a price-to-earnings ratio of 552.32, a P/E/G ratio of 2.54 and a beta of 0.64.

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

Genuine Parts Announces Dividend

The firm 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 dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts’s dividend payout ratio is currently 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.