5,018 Shares in Genuine Parts Company $GPC Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI acquired a new position in shares of Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,018 shares of the specialty retailer’s stock, valued at approximately $597,000.

A number of other hedge funds have also bought and sold shares of GPC. BlackRock Inc. purchased a new position in shares of Genuine Parts during the 2nd quarter worth about $1,574,910,000. Norges Bank bought a new position in Genuine Parts during the 4th quarter valued at about $293,471,000. Baupost Group LLC MA purchased a new stake in Genuine Parts in the 3rd quarter worth about $193,347,000. Northwestern Mutual Wealth Management Co. raised its position in Genuine Parts by 7,774.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock worth $151,854,000 after purchasing an additional 1,219,300 shares during the period. Finally, Deutsche Bank AG bought a new stake in Genuine Parts in the second quarter worth about $101,240,000. Institutional investors own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GPC. Truist Financial boosted their target price on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. UBS Group reissued a “neutral” rating and set a $122.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. DA Davidson boosted their price objective on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.86.

Genuine Parts Stock Up 2.1%

Shares of NYSE GPC opened at $134.68 on Thursday. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of 538.72 and a beta of 0.63. The stock has a 50 day moving average price of $122.84 and a 200 day moving average price of $115.25. 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 (NYSE:GPC) last released its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.08 by $0.07. The company had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.Genuine Parts’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Announces Dividend

The company 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 dividend of $1.0625 per share. The ex-dividend date is Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. Genuine Parts’s dividend payout ratio (DPR) is currently 1,700.00%.

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.