Tredje AP fonden Buys 5,368 Shares of Genuine Parts Company $GPC

Tredje AP fonden lifted its stake in shares of Genuine Parts Company (NYSE:GPC) by 48.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,389 shares of the specialty retailer’s stock after acquiring an additional 5,368 shares during the quarter. Tredje AP fonden’s holdings in Genuine Parts were worth $2,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Peoples Financial Services CORP. bought a new position in Genuine Parts during the 3rd quarter worth approximately $29,000. Golden State Wealth Management LLC boosted its position in Genuine Parts by 8,833.3% during the second quarter. Golden State Wealth Management LLC now owns 268 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 265 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Genuine Parts by 7,825.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 317 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 313 shares during the period. Quaker Wealth Management LLC raised its position in shares of Genuine Parts by 11,533.3% in the 2nd quarter. Quaker Wealth Management LLC now owns 343 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 346 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators raised its position in shares of Genuine Parts by 40.0% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 350 shares of the specialty retailer’s stock worth $49,000 after acquiring an additional 100 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GPC has been the topic of several research analyst reports. UBS Group cut their target price on Genuine Parts from $150.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday. Evercore set a $160.00 price target on Genuine Parts in a report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Monday, December 29th. Truist Financial set a $127.00 price objective on shares of Genuine Parts and gave the company a “hold” rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised shares of Genuine Parts from a “sell” rating to a “neutral” rating and increased their target price for the stock from $130.00 to $142.00 in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Genuine Parts presently has a consensus rating of “Moderate Buy” and an average target price of $145.67.

Genuine Parts Trading Down 1.1%

NYSE GPC opened at $118.05 on Monday. The company has a quick ratio of 0.46, a current ratio of 1.08 and a debt-to-equity ratio of 0.79. Genuine Parts Company has a 52 week low of $104.01 and a 52 week high of $151.57. The business has a 50 day moving average price of $132.96 and a 200-day moving average price of $133.37. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 256.62 and a beta of 0.74.

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

Genuine Parts Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a dividend of $1.0625 per share. This is an increase from Genuine Parts’s previous quarterly dividend of $1.03. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, March 6th. Genuine Parts’s dividend payout ratio is 895.65%.

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.