Cacti Asset Management LLC Increases Stock Holdings in Genuine Parts Company $GPC

Cacti Asset Management LLC lifted its position in Genuine Parts Company (NYSE:GPC) by 58.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 139,005 shares of the specialty retailer’s stock after acquiring an additional 51,051 shares during the period. Genuine Parts makes up about 1.0% of Cacti Asset Management LLC’s investment portfolio, making the stock its 22nd largest position. Cacti Asset Management LLC’s holdings in Genuine Parts were worth $17,647,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Genuine Parts in the 2nd quarter valued at about $1,574,910,000. Barclays PLC boosted its position in Genuine Parts by 10.6% during the fourth quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock worth $479,711,000 after purchasing an additional 373,065 shares during the period. Norges Bank acquired a new position in shares of Genuine Parts in the fourth quarter valued at $293,471,000. Dimensional Fund Advisors LP increased its holdings in shares of Genuine Parts by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,055,496 shares of the specialty retailer’s stock valued at $217,354,000 after purchasing an additional 180,485 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Genuine Parts in the second quarter valued at about $201,072,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Price Performance

Shares of NYSE:GPC traded down $0.39 during trading on Thursday, reaching $125.35. 284,373 shares of the company traded hands, compared to its average volume of 1,592,959. The company’s 50 day moving average is $132.14 and its two-hundred day moving average is $116.30. The firm has a market capitalization of $17.28 billion, a PE ratio of 500.90, a PEG ratio of 2.35 and a beta of 0.64. 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 Company has a 52 week low of $90.78 and a 52 week high of $151.57.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.07. The company had revenue of $6.54 billion for 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%.Genuine Parts’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, sell-side analysts predict that Genuine Parts Company will post 7.73 earnings per share 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 yield of 3.4%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts’s dividend payout ratio (DPR) is currently 1,700.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GPC. DA Davidson raised their target price 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. UBS Group reaffirmed a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Raymond James Financial reiterated 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 restated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, Truist Financial upped their price objective on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Genuine Parts presently has an average 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 and industrial components. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional repair businesses, retailers, equipment manufacturers, and other commercial customers through a broad distribution and service network.

In its automotive business, Genuine Parts distributes replacement parts, accessories, tools, and equipment for cars and light trucks. Its operations include the NAPA Auto Parts brand in North America, along with automotive distribution businesses serving customers in Europe and Australasia.