JPMorgan Chase & Co. Has $310.11 Million Holdings in Genuine Parts Company $GPC

JPMorgan Chase & Co. decreased its holdings in shares of Genuine Parts Company (NYSE:GPC) by 8.9% in the 3rd quarter, Holdings Channel reports. The fund owned 2,237,408 shares of the specialty retailer’s stock after selling 217,747 shares during the period. JPMorgan Chase & Co.’s holdings in Genuine Parts were worth $310,105,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Genuine Parts during the 2nd quarter worth approximately $211,661,000. Federated Hermes Inc. acquired a new position in shares of Genuine Parts during the second quarter worth $107,015,000. Nomura Holdings Inc. lifted 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 acquiring an additional 310,715 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Genuine Parts by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 17,309,178 shares of the specialty retailer’s stock valued at $2,099,776,000 after acquiring an additional 260,787 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Genuine Parts by 119.2% during the 2nd quarter. First Trust Advisors LP now owns 403,640 shares of the specialty retailer’s stock valued at $48,966,000 after acquiring an additional 219,524 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GPC has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, December 29th. UBS Group reduced their price target on Genuine Parts from $150.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Genuine Parts from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Truist Financial set a $127.00 target price on shares of Genuine Parts and gave the stock a “hold” rating in a research report on Wednesday. Finally, The Goldman Sachs Group raised shares of Genuine Parts from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $130.00 to $142.00 in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four 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 an average price target of $148.17.

Genuine Parts Stock Down 1.3%

Genuine Parts stock opened at $119.28 on Friday. The firm has a market cap of $16.59 billion, a price-to-earnings ratio of 259.30 and a beta of 0.74. Genuine Parts Company has a 52-week low of $104.01 and a 52-week high of $151.57. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 1.08. The firm has a 50 day moving average price of $133.23 and a two-hundred day moving average price of $133.46.

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

Genuine Parts Increases Dividend

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

About Genuine Parts

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.