Genuine Parts Company $GPC Stock Position Boosted by Lee Financial Co

Lee Financial Co grew its holdings in shares of Genuine Parts Company (NYSE:GPC) by 49.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,366 shares of the specialty retailer’s stock after acquiring an additional 4,093 shares during the period. Lee Financial Co’s holdings in Genuine Parts were worth $1,557,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GPC. Focus Financial Network Inc. grew its stake in shares of Genuine Parts by 2.9% in the third quarter. Focus Financial Network Inc. now owns 2,725 shares of the specialty retailer’s stock worth $346,000 after purchasing an additional 77 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Genuine Parts by 34.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 88 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its position in Genuine Parts by 13.8% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 727 shares of the specialty retailer’s stock worth $86,000 after purchasing an additional 88 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC raised its position in Genuine Parts by 3.2% during the 1st quarter. Blake Schutter Theil Wealth Advisors LLC now owns 3,319 shares of the specialty retailer’s stock worth $351,000 after purchasing an additional 103 shares during the last quarter. Finally, Integrated Advisors Network LLC lifted its holdings in Genuine Parts by 4.6% during the 1st quarter. Integrated Advisors Network LLC now owns 2,436 shares of the specialty retailer’s stock worth $258,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Stock Up 0.3%

Shares of NYSE GPC opened at $133.91 on Friday. The company’s 50 day moving average price is $132.20 and its 200-day moving average price is $118.41. 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 Company has a 52-week low of $90.78 and a 52-week high of $151.57. The company has a market capitalization of $18.46 billion, a P/E ratio of 535.65, a price-to-earnings-growth ratio of 2.48 and a beta of 0.67.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The company had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period in the prior year, the firm posted $2.10 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts forecast 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 was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a $1.0625 dividend. The ex-dividend date was Friday, September 4th. This represents a $4.25 annualized dividend and a yield of 3.2%. Genuine Parts’s payout ratio is presently 1,700.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Monday, September 21st. Truist Financial increased their price target on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Evercore restated an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. UBS Group restated a “neutral” rating and set a $122.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, DA Davidson lifted their price objective on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $146.00.

About Genuine Parts

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.