Commerce Bank Takes Position in Genuine Parts Company $GPC

Commerce Bank purchased a new position in Genuine Parts Company (NYSE:GPC) during the second quarter, HoldingsChannel.com reports. The fund purchased 12,080 shares of the specialty retailer’s stock, valued at approximately $1,425,000.

A number of other large investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Genuine Parts in the second quarter worth about $1,469,000. Korea Investment CORP purchased a new stake in Genuine Parts in the 2nd quarter worth approximately $11,763,000. EP Wealth Advisors LLC purchased a new stake in Genuine Parts in the 2nd quarter worth approximately $422,000. Pinnacle West Asset Management Inc. bought a new stake in Genuine Parts during the 2nd quarter worth approximately $839,000. Finally, Ieq Capital LLC bought a new stake in Genuine Parts during the 2nd quarter worth approximately $1,301,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Price Performance

Shares of GPC stock opened at $138.09 on Wednesday. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. The stock has a fifty day simple moving average of $125.29 and a two-hundred day simple moving average of $115.03. The stock has a market capitalization of $19.04 billion, a price-to-earnings ratio of 552.34 and a beta of 0.63.

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

Genuine Parts Dividend Announcement

The firm also recently announced 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 3.1%. Genuine Parts’s dividend payout ratio (DPR) is 1,700.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Truist Financial increased their price target on Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. UBS Group reaffirmed 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 increased their target price on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $165.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.