First National Bank of Omaha Takes $5.08 Million Position in Genuine Parts Company $GPC

First National Bank of Omaha bought a new position in Genuine Parts Company (NYSE:GPC) in the second quarter, according to its most recent filing with the SEC. The firm bought 43,221 shares of the specialty retailer’s stock, valued at approximately $5,077,000.

Other hedge funds have also bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Genuine Parts by 85.0% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer’s stock worth $3,200,000 after acquiring an additional 13,900 shares during the last quarter. Montag A & Associates Inc. grew its stake in Genuine Parts by 19.6% during the 1st quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer’s stock valued at $6,923,000 after purchasing an additional 10,622 shares during the last quarter. Paradiem LLC acquired a new position in shares of Genuine Parts in the first quarter valued at about $3,154,000. Hsbc Holdings PLC increased its holdings in shares of Genuine Parts by 19.5% in the fourth quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock valued at $58,887,000 after purchasing an additional 77,936 shares during the period. Finally, Bastion Asset Management Inc. purchased a new position in shares of Genuine Parts in the first quarter worth about $16,978,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. DA Davidson lifted their target price on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Raymond James Financial restated a “strong-buy” rating and set a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Weiss Ratings reiterated 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 assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Genuine Parts currently has an average rating of “Moderate Buy” and a consensus target price of $147.86.

Genuine Parts Stock Performance

Shares of GPC stock opened at $132.06 on Wednesday. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88. The stock has a market cap of $18.21 billion, a PE ratio of 528.26 and a beta of 0.62. The business has a 50-day simple moving average of $122.12 and a 200-day simple moving average of $115.28.

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

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued 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 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.