NewEdge Advisors LLC Sells 6,205 Shares of Genuine Parts Company $GPC

NewEdge Advisors LLC cut its holdings in shares of Genuine Parts Company (NYSE:GPC) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 546,151 shares of the specialty retailer’s stock after selling 6,205 shares during the period. NewEdge Advisors LLC owned 0.40% of Genuine Parts worth $64,435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. IFP Advisors Inc raised its stake in shares of Genuine Parts by 4.9% during the 2nd quarter. IFP Advisors Inc now owns 5,022 shares of the specialty retailer’s stock worth $592,000 after purchasing an additional 236 shares in the last quarter. Arizona State Retirement System increased its holdings in Genuine Parts by 5.5% during the second quarter. Arizona State Retirement System now owns 39,888 shares of the specialty retailer’s stock worth $4,706,000 after buying an additional 2,085 shares during the last quarter. Empirical Finance LLC increased its holdings in Genuine Parts by 3.3% during the second quarter. Empirical Finance LLC now owns 5,074 shares of the specialty retailer’s stock worth $599,000 after buying an additional 162 shares during the last quarter. Nykredit A S bought a new stake in Genuine Parts during the second quarter worth $4,821,000. Finally, Parkside Financial Bank & Trust raised its position in Genuine Parts by 14.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,459 shares of the specialty retailer’s stock worth $290,000 after acquiring an additional 308 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GPC. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. UBS Group restated a “neutral” rating and issued a $122.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. DA Davidson upped their price objective on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.86.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $134.17 on Wednesday. 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 current ratio of 1.16 and a quick ratio of 0.50. The company has a market cap of $18.50 billion, a price-to-earnings ratio of 536.68, a PEG ratio of 2.55 and a beta of 0.64. The firm has a 50 day simple moving average of $130.45 and a 200 day simple moving average of $114.64.

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

Genuine Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders 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 yield of 3.2%. 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.