5,195 Shares in Genuine Parts Company $GPC Acquired by Trust Co. of Vermont

Trust Co. of Vermont bought a new position in Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,195 shares of the specialty retailer’s stock, valued at approximately $613,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GPC. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Genuine Parts in the second quarter worth $44,568,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Genuine Parts during the second quarter worth about $485,000. Flputnam Investment Management Co. purchased a new stake in shares of Genuine Parts in the 2nd quarter valued at $920,000. Global Retirement Partners LLC acquired a new stake in Genuine Parts during the 2nd quarter worth about $1,904,000. Finally, Bank of New York Mellon Corp purchased a new position in Genuine Parts during the second quarter valued at approximately $92,925,000. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Price Performance

Shares of GPC opened at $132.06 on Wednesday. The firm has a 50-day simple moving average of $122.12 and a two-hundred day simple moving average of $115.28. The stock has a market cap of $18.21 billion, a PE ratio of 528.26 and a beta of 0.62. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. 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 posted 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. The firm had revenue of $6.54 billion for the quarter, compared to analyst estimates 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 in the prior year, the company earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, analysts forecast that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $1.0625 dividend. The ex-dividend date 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 (DPR) is 1,700.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GPC. 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. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. UBS Group reiterated a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $165.00 price target 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 assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.86.

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.