Meiji Yasuda Asset Management Co Ltd. Acquires Shares of 3,669 Genuine Parts Company $GPC

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Genuine Parts Company (NYSE:GPC) in the second quarter, HoldingsChannel.com reports. The fund acquired 3,669 shares of the specialty retailer’s stock, valued at approximately $433,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Strive Financial Group LLC bought a new stake in Genuine Parts in the 4th quarter valued at $25,000. Motiv8 Investments LLC bought a new position in Genuine Parts during the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd boosted its position in Genuine Parts by 6,225.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 249 shares during the period. Elyxium Wealth LLC acquired a new position in shares of Genuine Parts in the fourth quarter valued at $33,000. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Genuine Parts by 510.9% in the second quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GPC has been the subject of a number of research reports. Evercore restated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. DA Davidson upped their price target on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Truist Financial increased their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. One research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $147.86.

Genuine Parts Trading Up 1.8%

Shares of NYSE:GPC opened at $138.09 on Wednesday. The business’s 50 day simple moving average is $125.29 and its 200 day simple moving average is $115.03. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The company has a market capitalization of $19.04 billion, a P/E ratio of 552.34 and a beta of 0.63.

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

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a $1.0625 dividend. The ex-dividend date is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.1%. Genuine Parts’s dividend payout ratio (DPR) is presently 1,700.00%.

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.