Man Group plc Acquires Shares of 116,277 Genuine Parts Company $GPC

Man Group plc acquired a new stake in Genuine Parts Company (NYSE:GPC) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 116,277 shares of the specialty retailer’s stock, valued at approximately $13,718,000.

Several other large investors have also recently modified their holdings of GPC. Strive Financial Group LLC bought a new stake in Genuine Parts in the fourth quarter worth $25,000. Motiv8 Investments LLC purchased a new stake in shares of Genuine Parts in the fourth quarter valued at $31,000. Elyxium Wealth LLC bought a new stake in shares of Genuine Parts in the 4th quarter worth about $33,000. Elevation Wealth Partners LLC lifted its holdings in shares of Genuine Parts by 510.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 235 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Genuine Parts by 6,225.0% during the 3rd 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. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Trading Down 2.0%

Shares of GPC opened at $136.68 on Friday. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The company has a 50-day moving average of $126.51 and a 200 day moving average of $114.90. The firm has a market capitalization of $18.84 billion, a price-to-earnings ratio of 546.72 and a beta of 0.63. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50.

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

Genuine Parts Dividend Announcement

The company also recently announced 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 is Friday, September 4th. Genuine Parts’s dividend payout ratio is currently 1,700.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. UBS Group reiterated a “neutral” rating and set a $122.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson raised their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Genuine Parts has an average rating of “Moderate Buy” and an average target price of $147.86.

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.