45,670 Shares in Genuine Parts Company $GPC Purchased by Nykredit A S

Nykredit A S acquired a new stake in shares of Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 45,670 shares of the specialty retailer’s stock, valued at approximately $5,388,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Genuine Parts during the second quarter worth approximately $1,574,910,000. Norges Bank purchased a new stake in Genuine Parts in the 4th quarter valued at $293,471,000. Bank of America Corp DE purchased a new stake in Genuine Parts in the 2nd quarter valued at $201,072,000. Corient Private Wealth LP acquired a new stake in shares of Genuine Parts in the 2nd quarter worth $3,903,000. Finally, Cullen Capital Management LLC purchased a new position in shares of Genuine Parts during the 2nd quarter worth $166,471,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $138.08 on Monday. The business has a 50-day moving average price of $129.71 and a 200 day moving average price of $114.46. 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 $19.04 billion, a price-to-earnings ratio of 552.32, a PEG ratio of 2.55 and a beta of 0.64. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57.

Genuine Parts (NYSE:GPC) last posted 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. The company had revenue of $6.54 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.10 earnings per share. 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 3.1%. The ex-dividend date is Friday, September 4th. Genuine Parts’s dividend payout ratio is currently 1,700.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GPC shares. DA Davidson upped their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Truist Financial lifted their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Evercore restated an “outperform” rating on shares of Genuine Parts in a 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.