Paradiem LLC Makes New Investment in Genuine Parts Company $GPC

Paradiem LLC purchased a new stake in Genuine Parts Company (NYSE:GPC) during the 1st quarter, Holdings Channel reports. The fund purchased 29,825 shares of the specialty retailer’s stock, valued at approximately $3,154,000.

A number of other hedge funds have also modified their holdings of the business. Olistico Wealth LLC acquired a new position in shares of Genuine Parts during the 4th quarter worth approximately $25,000. Strive Financial Group LLC acquired a new stake in Genuine Parts during the 4th quarter valued at $25,000. Community Bank N.A. purchased a new position in Genuine Parts during the third quarter worth $27,000. WPG Advisers LLC raised its holdings in shares of Genuine Parts by 213.0% in the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 164 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new position in shares of Genuine Parts in the fourth quarter worth $31,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Price Performance

Genuine Parts stock opened at $125.70 on Monday. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The firm has a 50 day moving average price of $106.35 and a 200 day moving average price of $115.61. The company has a market cap of $17.30 billion, a price-to-earnings ratio of 292.33 and a beta of 0.63. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.02. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.17 billion. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts predict that Genuine Parts Company will post 7.69 earnings per share for the current year.

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, June 5th. Genuine Parts’s dividend payout ratio (DPR) is 988.37%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Truist Financial decreased their price target on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. UBS Group cut their price objective on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Finally, DA Davidson upped their price objective on shares of Genuine Parts from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given 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 $144.50.

Insider Activity at Genuine Parts

In other news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total value of $43,296.95. Following the transaction, the insider directly owned 25,589 shares of the company’s stock, valued at $2,669,700.37. The trade was a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by company insiders.

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.