UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 133,632 Shares of Genuine Parts Company $GPC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Genuine Parts Company (NYSE:GPC) by 8.4% during the second quarter, Holdings Channel reports. The institutional investor owned 1,452,481 shares of the specialty retailer’s stock after selling 133,632 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Genuine Parts were worth $171,364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GPC. BlackRock Inc. purchased a new position in Genuine Parts in the second quarter worth $1,574,910,000. State Street Corp lifted its holdings in shares of Genuine Parts by 1.4% during the 4th quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer’s stock valued at $940,940,000 after purchasing an additional 107,440 shares during the last quarter. Barclays PLC boosted its position in shares of Genuine Parts by 10.6% in the 4th quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock worth $479,711,000 after purchasing an additional 373,065 shares in the last quarter. Geode Capital Management LLC grew its stake in Genuine Parts by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock worth $462,772,000 after buying an additional 64,676 shares during the last quarter. Finally, Morgan Stanley grew its stake in Genuine Parts by 16.6% during the 4th quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer’s stock worth $308,935,000 after buying an additional 357,979 shares during the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

GPC has been the subject of a number of research analyst reports. DA Davidson increased their price target on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. UBS Group restated a “neutral” rating and set a $122.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research 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 note on Wednesday, July 22nd. Finally, Truist Financial boosted their target price 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.86.

Genuine Parts Stock Down 0.6%

GPC stock opened at $134.88 on Wednesday. The company has a market capitalization of $18.59 billion, a P/E ratio of 539.52, a price-to-earnings-growth ratio of 2.51 and a beta of 0.64. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57. The firm’s fifty day simple moving average is $128.25 and its 200-day simple moving average is $114.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50.

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

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a yield of 3.2%. 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.