Marathon Partners Equity Management LLC Acquires New Stake in Genuine Parts Company $GPC

Marathon Partners Equity Management LLC acquired a new stake in Genuine Parts Company (NYSE:GPC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,500 shares of the specialty retailer’s stock, valued at approximately $3,244,000. Genuine Parts accounts for approximately 3.0% of Marathon Partners Equity Management LLC’s holdings, making the stock its 9th biggest holding.

Other large investors also recently bought and sold shares of the company. Cullen Capital Management LLC acquired a new position in shares of Genuine Parts during the second quarter worth about $166,471,000. Cibc World Market Inc. acquired a new stake in Genuine Parts in the second quarter valued at about $2,610,000. OMERS ADMINISTRATION Corp acquired a new stake in Genuine Parts in the second quarter valued at about $873,000. Osmosis Investment Management UK Ltd purchased a new stake in Genuine Parts in the 2nd quarter valued at approximately $262,000. Finally, Sanctuary Advisors LLC purchased a new stake in Genuine Parts in the 2nd quarter valued at approximately $2,022,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Trading Up 1.3%

Shares of GPC stock opened at $135.71 on Tuesday. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The stock has a market cap of $18.71 billion, a P/E ratio of 542.84 and a beta of 0.63. The business has a fifty day simple moving average of $124.67 and a 200-day simple moving average of $115.10. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88.

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. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period in the previous year, the firm earned $2.10 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, analysts forecast that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts’s dividend payout ratio is 1,700.00%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Raymond James Financial reiterated a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Evercore restated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. DA Davidson increased their price objective on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. UBS Group reissued a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.