Lee Financial Co Acquires 4,093 Shares of Genuine Parts Company $GPC

Lee Financial Co increased its holdings in shares of Genuine Parts Company (NYSE:GPC) by 49.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 12,366 shares of the specialty retailer’s stock after acquiring an additional 4,093 shares during the period. Lee Financial Co’s holdings in Genuine Parts were worth $1,557,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Focus Financial Network Inc. increased its holdings in Genuine Parts by 2.9% in the third quarter. Focus Financial Network Inc. now owns 2,725 shares of the specialty retailer’s stock worth $346,000 after purchasing an additional 77 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Genuine Parts by 34.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock worth $42,000 after buying an additional 88 shares in the last quarter. Beacon Investment Advisory Services Inc. boosted its holdings in shares of Genuine Parts by 13.8% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 727 shares of the specialty retailer’s stock worth $86,000 after buying an additional 88 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC boosted its holdings in shares of Genuine Parts by 3.2% during the 1st quarter. Blake Schutter Theil Wealth Advisors LLC now owns 3,319 shares of the specialty retailer’s stock worth $351,000 after buying an additional 103 shares in the last quarter. Finally, Integrated Advisors Network LLC grew its position in shares of Genuine Parts by 4.6% during the 1st quarter. Integrated Advisors Network LLC now owns 2,436 shares of the specialty retailer’s stock worth $258,000 after buying an additional 108 shares during the period. 78.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GPC. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Monday, September 21st. Raymond James Financial reiterated a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. UBS Group reissued a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, DA Davidson raised their price target on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. One 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.00.

Genuine Parts Stock Performance

Shares of GPC opened at $133.91 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The stock has a 50-day moving average of $132.20 and a 200-day moving average of $118.41. The company has a market cap of $18.46 billion, a PE ratio of 535.65, a P/E/G ratio of 2.48 and a beta of 0.67. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%. The business had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same period in the previous year, the company posted $2.10 EPS. 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. On average, equities research analysts predict that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 4th were paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, September 4th. Genuine Parts’s dividend payout ratio (DPR) is 1,700.00%.

Genuine Parts Company Profile

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts and industrial components. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional repair businesses, retailers, equipment manufacturers, and other commercial customers through a broad distribution and service network.

In its automotive business, Genuine Parts distributes replacement parts, accessories, tools, and equipment for cars and light trucks. Its operations include the NAPA Auto Parts brand in North America, along with automotive distribution businesses serving customers in Europe and Australasia.