NewEdge Advisors LLC Buys 473,600 Shares of Genuine Parts Company $GPC

NewEdge Advisors LLC lifted its stake in Genuine Parts Company (NYSE:GPC) by 601.4% in the first quarter, HoldingsChannel.com reports. The firm owned 552,356 shares of the specialty retailer’s stock after purchasing an additional 473,600 shares during the quarter. NewEdge Advisors LLC’s holdings in Genuine Parts were worth $58,412,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Strive Financial Group LLC bought a new stake in Genuine Parts during the 4th quarter worth about $25,000. WPG Advisers LLC boosted its stake in shares of Genuine Parts by 213.0% in the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 164 shares during the last quarter. Motiv8 Investments LLC bought a new position in shares of Genuine Parts in the 4th quarter valued at about $31,000. Elyxium Wealth LLC acquired a new stake in shares of Genuine Parts during the 4th quarter worth approximately $33,000. Finally, Quest 10 Wealth Builders Inc. grew its position in shares of Genuine Parts by 426.9% during 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 during the period. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Trading Up 1.3%

NYSE GPC opened at $133.02 on Friday. The firm has a market cap of $18.34 billion, a P/E ratio of 532.08 and a beta of 0.63. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The stock’s 50-day moving average is $116.37 and its 200-day moving average is $115.45. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) 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 business had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same period in the previous year, the firm earned $2.10 EPS. Genuine Parts’s quarterly revenue 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. Sell-side analysts anticipate that Genuine Parts Company will post 7.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on GPC shares. Raymond James Financial reiterated a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. UBS Group restated a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $147.86.

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.