Pinnacle West Asset Management Inc. Takes Position in Genuine Parts Company $GPC

Pinnacle West Asset Management Inc. purchased a new stake in Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,115 shares of the specialty retailer’s stock, valued at approximately $839,000.

Other institutional investors have also recently added to or reduced their stakes in the company. United Asset Strategies Inc. grew its holdings in Genuine Parts by 1.6% in the 4th quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock valued at $552,000 after buying an additional 72 shares in the last quarter. IHT Wealth Management LLC increased its stake in shares of Genuine Parts by 1.8% in the 4th quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock worth $571,000 after acquiring an additional 83 shares during the last quarter. Oakworth Capital Inc. raised its holdings in shares of Genuine Parts by 1.9% during the 4th quarter. Oakworth Capital Inc. now owns 4,680 shares of the specialty retailer’s stock worth $575,000 after acquiring an additional 88 shares during the period. Caitong International Asset Management Co. Ltd boosted its position 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 valued at $42,000 after acquiring an additional 88 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. boosted its position 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 valued at $86,000 after acquiring an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on GPC. Raymond James Financial restated a “strong-buy” rating and set a $165.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. 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. Finally, Truist Financial lifted their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. One investment 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.86.

Genuine Parts Stock Up 0.8%

Shares of NYSE:GPC opened at $134.03 on Friday. The business has a 50-day moving average price of $124.05 and a 200 day moving average price of $115.34. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $18.48 billion, a price-to-earnings ratio of 536.12 and a beta of 0.63. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating 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 net margin of 0.13% and a return on equity of 22.59%. Genuine Parts’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts expect that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Dividend Announcement

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

About Genuine Parts

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.