Genuine Parts Company $GPC Stock Position Raised by NewEdge Advisors LLC

NewEdge Advisors LLC grew its stake in shares of Genuine Parts Company (NYSE:GPC) by 601.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 552,356 shares of the specialty retailer’s stock after purchasing an additional 473,600 shares during the quarter. NewEdge Advisors LLC owned approximately 0.40% of Genuine Parts worth $58,412,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Strive Financial Group LLC bought a new stake in shares of Genuine Parts during the 4th quarter worth about $25,000. WPG Advisers LLC lifted its position in 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 purchasing an additional 164 shares during the period. Motiv8 Investments LLC bought a new position in Genuine Parts during the 4th quarter valued at $31,000. Elyxium Wealth LLC acquired a new position in shares of Genuine Parts during the 4th quarter valued at $33,000. Finally, Quest 10 Wealth Builders Inc. raised its stake in shares of Genuine Parts by 426.9% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 274 shares of the specialty retailer’s stock worth $34,000 after buying an additional 222 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Stock Performance

NYSE:GPC opened at $133.02 on Friday. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The firm’s fifty day simple moving average is $116.37 and its 200 day simple moving average is $115.45. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $18.34 billion, a PE ratio of 532.08 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The firm had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the prior year, the company earned $2.10 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts anticipate that Genuine Parts Company will post 7.72 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on GPC shares. 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 reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Truist Financial upped their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.86.

About Genuine Parts

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.