United Capital Financial Advisors LLC Acquires New Shares in Genuine Parts Company $GPC

United Capital Financial Advisors LLC acquired a new position in Genuine Parts Company (NYSE:GPC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,379 shares of the specialty retailer’s stock, valued at approximately $1,106,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Strive Financial Group LLC bought a new position in shares of Genuine Parts during the 4th quarter valued at $25,000. Motiv8 Investments LLC bought a new position in shares of Genuine Parts in the fourth quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd raised its position in shares of Genuine Parts by 6,225.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 249 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of Genuine Parts in the fourth quarter worth $33,000. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of Genuine Parts by 510.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock worth $33,000 after buying an additional 235 shares during the period. Institutional investors own 78.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group reiterated a “neutral” rating and issued a $122.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. DA Davidson upped their price target on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Truist Financial raised their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Stock Up 0.5%

Shares of NYSE:GPC opened at $137.32 on Friday. The company’s fifty day moving average is $127.07 and its 200-day moving average is $115.06. 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 52 week low of $90.78 and a 52 week high of $151.57. The company has a market capitalization of $18.93 billion, a PE ratio of 549.28 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping 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 company had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. The business’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 predict that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

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 paid a $1.0625 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.1%. Genuine Parts’s dividend payout ratio is 1,700.00%.

Genuine Parts Company 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.