Genuine Parts Company $GPC Stake Boosted by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of Genuine Parts Company (NYSE:GPC) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,365,970 shares of the specialty retailer’s stock after acquiring an additional 56,792 shares during the period. Vanguard Group Inc. owned about 0.12% of Genuine Parts worth $2,406,923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Genuine Parts in the 2nd quarter worth about $211,661,000. Federated Hermes Inc. bought a new stake in shares of Genuine Parts in the 2nd quarter valued at approximately $107,015,000. Nomura Holdings Inc. grew its stake in shares of Genuine Parts by 142.1% in the 2nd quarter. Nomura Holdings Inc. now owns 529,330 shares of the specialty retailer’s stock valued at $64,213,000 after buying an additional 310,715 shares in the last quarter. First Trust Advisors LP increased its holdings in Genuine Parts by 119.2% in the second quarter. First Trust Advisors LP now owns 403,640 shares of the specialty retailer’s stock worth $48,966,000 after buying an additional 219,524 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Genuine Parts by 252.7% during the second quarter. AQR Capital Management LLC now owns 292,880 shares of the specialty retailer’s stock valued at $35,304,000 after acquiring an additional 209,833 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Evercore set a $175.00 price target on shares of Genuine Parts in a research note on Wednesday, February 11th. The Goldman Sachs Group raised shares of Genuine Parts from a “sell” rating to a “neutral” rating and increased their target price for the stock from $130.00 to $142.00 in a research report on Thursday, November 13th. Truist Financial set a $127.00 price target on Genuine Parts and gave the stock a “hold” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their price objective on Genuine Parts from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $148.17.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $119.28 on Friday. The company has a market cap of $16.59 billion, a price-to-earnings ratio of 259.30 and a beta of 0.74. The business has a 50 day moving average price of $133.23 and a 200 day moving average price of $133.46. The company has a quick ratio of 0.51, a current ratio of 1.08 and a debt-to-equity ratio of 0.79. Genuine Parts Company has a twelve month low of $104.01 and a twelve month high of $151.57.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.24). The business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.06 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.27%.The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.61 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts predict that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a $1.0625 dividend. The ex-dividend date is Friday, March 6th. This represents a $4.25 annualized dividend and a yield of 3.6%. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.03. Genuine Parts’s dividend payout ratio (DPR) is 70.91%.

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.