Genuine Parts Company $GPC Stock: Cantor Fitzgerald Investment Advisors L.P. Increases Stake

Cantor Fitzgerald Investment Advisors L.P. increased its position in Genuine Parts Company (NYSE:GPC) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 130,625 shares of the specialty retailer’s stock after buying an additional 5,722 shares during the period. Cantor Fitzgerald Investment Advisors L.P. owned about 0.09% of Genuine Parts worth $16,425,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Genuine Parts by 85.0% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer’s stock valued at $3,200,000 after buying an additional 13,900 shares during the last quarter. Paradiem LLC purchased a new position in Genuine Parts during the 1st quarter valued at $3,154,000. Montag A & Associates Inc. boosted its holdings in Genuine Parts by 19.6% during the 1st quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer’s stock valued at $6,923,000 after acquiring an additional 10,622 shares during the period. Hsbc Holdings PLC boosted its holdings in Genuine Parts by 19.5% during the 4th quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock valued at $58,887,000 after acquiring an additional 77,936 shares during the period. Finally, Bastion Asset Management Inc. bought a new position in Genuine Parts in the 1st quarter valued at $16,978,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Up 1.4%

Shares of NYSE GPC opened at $133.53 on Friday. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The firm has a market capitalization of $18.41 billion, a price-to-earnings ratio of 534.12, a PEG ratio of 2.43 and a beta of 0.67. The stock has a 50 day moving average price of $132.23 and a 200 day moving average price of $118.30. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16.

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

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, September 4th. Genuine Parts’s dividend payout ratio is presently 1,700.00%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. 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 note on Monday, August 3rd. UBS Group reissued a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research note on Monday, September 21st. Evercore restated an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Truist Financial upped their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. One equities 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $146.00.

Genuine Parts 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.