Genuine Parts Company $GPC Shares Purchased by Interval Partners LP

Interval Partners LP boosted its holdings in shares of Genuine Parts Company (NYSE:GPC) by 422.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 932,596 shares of the specialty retailer’s stock after buying an additional 754,117 shares during the quarter. Genuine Parts accounts for 2.1% of Interval Partners LP’s investment portfolio, making the stock its 6th largest position. Interval Partners LP’s holdings in Genuine Parts were worth $129,258,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GPC. Vanguard Group Inc. raised its stake in shares of Genuine Parts by 0.3% in the third quarter. Vanguard Group Inc. now owns 17,365,970 shares of the specialty retailer’s stock valued at $2,406,923,000 after acquiring an additional 56,792 shares in the last quarter. State Street Corp grew its stake in Genuine Parts by 0.9% during the 2nd quarter. State Street Corp now owns 7,797,180 shares of the specialty retailer’s stock worth $953,779,000 after purchasing an additional 73,361 shares in the last quarter. Barclays PLC grew its stake in Genuine Parts by 0.6% during the 3rd quarter. Barclays PLC now owns 3,528,297 shares of the specialty retailer’s stock worth $489,022,000 after purchasing an additional 21,437 shares in the last quarter. Geode Capital Management LLC increased its holdings in Genuine Parts by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 3,511,008 shares of the specialty retailer’s stock worth $424,367,000 after purchasing an additional 40,970 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Genuine Parts by 2.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,080,251 shares of the specialty retailer’s stock worth $373,425,000 after purchasing an additional 70,668 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GPC shares. Raymond James Financial upgraded Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective for the company in a research note on Tuesday, February 24th. Truist Financial set a $127.00 target price on shares of Genuine Parts and gave the stock a “hold” rating in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, December 29th. Evercore set a $160.00 price target on shares of Genuine Parts in a research note on Friday, February 20th. Finally, UBS Group lowered their price target on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.57.

Genuine Parts Price Performance

GPC stock opened at $105.68 on Friday. The business has a 50 day moving average price of $129.54 and a 200 day moving average price of $131.07. The company has a quick ratio of 0.46, a current ratio of 1.08 and a debt-to-equity ratio of 0.79. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of 229.74 and a beta of 0.75. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week high of $151.57.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.24). Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter in the prior year, the company earned $1.61 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts anticipate that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a $1.0625 dividend. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Friday, March 6th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.0%. Genuine Parts’s payout ratio is 923.91%.

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.