Ieq Capital LLC Makes New Investment in Genuine Parts Company $GPC

Ieq Capital LLC acquired a new position in shares of Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,028 shares of the specialty retailer’s stock, valued at approximately $1,301,000.

Other large investors have also recently bought and sold shares of the company. Strive Financial Group LLC bought a new stake in Genuine Parts in the 4th quarter valued at approximately $25,000. Motiv8 Investments LLC bought a new stake in shares of Genuine Parts during the fourth quarter worth $31,000. Elyxium Wealth LLC bought a new stake in shares of Genuine Parts in the fourth quarter worth $33,000. Elevation Wealth Partners LLC boosted its position in 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 last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Genuine Parts by 6,225.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 249 shares during the period. Institutional investors own 78.83% of the company’s stock.

Analyst Upgrades and Downgrades

GPC has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Truist Financial boosted their price target on Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. DA Davidson raised their price objective on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. UBS Group reaffirmed a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, Evercore restated an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Genuine Parts currently has a consensus rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Trading Up 1.0%

Genuine Parts stock opened at $139.37 on Thursday. 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 firm has a market cap of $19.21 billion, a PE ratio of 557.48 and a beta of 0.63. The stock’s 50 day simple moving average is $125.95 and its two-hundred day simple moving average is $114.99. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57.

Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the prior year, the firm earned $2.10 earnings per share. The company’s revenue for the quarter 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. Analysts anticipate that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $1.0625 per share. The ex-dividend date is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.0%. Genuine Parts’s dividend payout ratio (DPR) is 1,700.00%.

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.