Old North State Trust LLC Takes Position in Genuine Parts Company $GPC

Old North State Trust LLC bought a new position in shares of Genuine Parts Company (NYSE:GPC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 6,132 shares of the specialty retailer’s stock, valued at approximately $723,000.

A number of other institutional investors have also recently bought and sold shares of GPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Genuine Parts by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock valued at $2,111,000 after purchasing an additional 671 shares during the last quarter. Woodline Partners LP increased its stake in Genuine Parts by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock valued at $1,399,000 after buying an additional 3,396 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Genuine Parts by 15.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer’s stock worth $122,000 after buying an additional 137 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Genuine Parts by 5.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer’s stock worth $3,027,000 after buying an additional 1,323 shares during the last quarter. Finally, AXA S.A. grew its holdings in shares of Genuine Parts by 37.2% in the 2nd quarter. AXA S.A. now owns 51,292 shares of the specialty retailer’s stock valued at $6,222,000 after acquiring an additional 13,898 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Wall Street Analyst Weigh In

GPC has been the topic of a number of recent research reports. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. DA Davidson upped 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. UBS Group reissued a “neutral” rating and issued a $122.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Evercore restated an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. One investment 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 stock. According to data from MarketBeat.com, Genuine Parts presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.86.

Genuine Parts Price Performance

Shares of Genuine Parts stock opened at $136.68 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $18.84 billion, a price-to-earnings ratio of 546.72 and a beta of 0.63. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. The company has a 50-day simple moving average of $126.51 and a two-hundred day simple moving average of $114.90.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.07. The company had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.Genuine Parts’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts forecast that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued 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 3.1%. Genuine Parts’s dividend payout ratio is 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.