First National Bank of Omaha Purchases New Position in Genuine Parts Company $GPC

First National Bank of Omaha purchased a new position in Genuine Parts Company (NYSE:GPC) in the second quarter, Holdings Channel reports. The fund purchased 43,221 shares of the specialty retailer’s stock, valued at approximately $5,077,000.

A number of other hedge funds also recently bought and sold shares of the business. United Asset Strategies Inc. increased its position in shares of Genuine Parts by 1.6% in the fourth quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock valued at $552,000 after buying an additional 72 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of Genuine Parts by 1.8% during the 4th quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock worth $571,000 after buying an additional 83 shares during the period. Oakworth Capital Inc. lifted its position in shares of Genuine Parts by 1.9% during the 4th quarter. Oakworth Capital Inc. now owns 4,680 shares of the specialty retailer’s stock valued at $575,000 after buying an additional 88 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 valued at $42,000 after buying an additional 88 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. grew its stake in Genuine Parts by 13.8% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 727 shares of the specialty retailer’s stock valued at $86,000 after acquiring an additional 88 shares during the period. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GPC shares. Evercore reissued an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. 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. DA Davidson boosted their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Truist Financial upped their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. 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, Genuine Parts has a consensus rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Stock Down 0.3%

Shares of GPC opened at $132.06 on Wednesday. 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 one year low of $90.78 and a one year high of $151.57. The stock has a market capitalization of $18.21 billion, a price-to-earnings ratio of 528.26 and a beta of 0.62. The stock has a 50 day moving average price of $122.12 and a 200 day moving average price of $115.28.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The company had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same quarter last year, the firm posted $2.10 EPS. The firm’s revenue for the quarter 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 research analysts forecast that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts’s dividend payout ratio (DPR) is currently 1,700.00%.

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.