Genuine Parts Company $GPC Shares Sold by HORAN Wealth LLC

HORAN Wealth LLC lessened its position in Genuine Parts Company (NYSE:GPC) by 51.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 32,596 shares of the specialty retailer’s stock after selling 33,876 shares during the quarter. HORAN Wealth LLC’s holdings in Genuine Parts were worth $3,846,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Strive Financial Group LLC purchased a new stake in shares of Genuine Parts during the fourth quarter worth $25,000. Motiv8 Investments LLC acquired a new position in Genuine Parts during the 4th quarter worth $31,000. Caitong International Asset Management Co. Ltd increased its holdings in 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 worth $35,000 after purchasing an additional 249 shares during the period. Elyxium Wealth LLC acquired a new stake in Genuine Parts in the 4th quarter valued at about $33,000. Finally, Elevation Wealth Partners LLC boosted 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 buying an additional 235 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $138.08 on Monday. The firm has a fifty day moving average price of $129.71 and a 200 day moving average price of $114.46. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The stock has a market cap of $19.04 billion, a P/E ratio of 552.32, a P/E/G ratio of 2.55 and a beta of 0.64.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. The firm’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. Sell-side analysts predict 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. Investors of record on Friday, September 4th will be given a $1.0625 dividend. The ex-dividend date is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a yield of 3.1%. Genuine Parts’s dividend payout ratio (DPR) is presently 1,700.00%.

Analyst Ratings Changes

GPC has been the subject of several analyst reports. UBS Group reiterated a “neutral” rating and set a $122.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. Truist Financial lifted their price target on Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Raymond James Financial reissued a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, DA Davidson increased their price target 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. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Genuine Parts currently has an average rating of “Moderate Buy” and an average price target of $147.86.

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.