California State Teachers Retirement System Has $2.72 Billion Position in Genuine Parts Company $GPC

California State Teachers Retirement System boosted its holdings in Genuine Parts Company (NYSE:GPC) by 13,376.8% during the second quarter, HoldingsChannel.com reports. The fund owned 23,062,848 shares of the specialty retailer’s stock after purchasing an additional 22,891,718 shares during the period. California State Teachers Retirement System owned 0.17% of Genuine Parts worth $2,720,955,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPC. Strive Financial Group LLC bought a new stake in shares of Genuine Parts in the 4th quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new position in shares of Genuine Parts in the 4th quarter worth approximately $31,000. Elyxium Wealth LLC bought a new position in shares of Genuine Parts during the 4th quarter worth approximately $33,000. Elevation Wealth Partners LLC lifted its holdings in shares of Genuine Parts by 510.9% during the second quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 235 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Genuine Parts by 6,225.0% during the 3rd 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 last quarter. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Down 1.0%

Shares of NYSE GPC opened at $133.95 on Friday. The firm has a market capitalization of $18.47 billion, a PE ratio of 535.81, a price-to-earnings-growth ratio of 2.50 and a beta of 0.64. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The firm’s 50-day moving average is $130.82 and its 200-day moving average is $114.86.

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 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 company had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the previous year, the company earned $2.10 EPS. Genuine Parts’s revenue 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 analysts expect that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts’s payout ratio is currently 1,700.00%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GPC. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. DA Davidson increased their price objective on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Raymond James Financial reissued 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, UBS Group restated a “neutral” rating and set a $122.00 target price on shares of Genuine Parts 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, the company presently has an average rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Company Profile

Genuine Parts Company (NYSE:GPC) is a global distributor of automotive and industrial replacement parts. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional customers, businesses and consumers through a broad network of distribution centers, stores and service locations.

Through its automotive parts operations, including the NAPA brand in North America and other regional businesses, Genuine Parts distributes replacement parts, accessories, tools and equipment for cars, trucks and other vehicles.