National Pension Service Raises Holdings in Genuine Parts Company $GPC

National Pension Service lifted its position in shares of Genuine Parts Company (NYSE:GPC) by 68.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,417 shares of the specialty retailer’s stock after acquiring an additional 5,846 shares during the quarter. National Pension Service’s holdings in Genuine Parts were worth $1,701,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GPC. Engineers Gate Manager LP bought a new stake in Genuine Parts in the 2nd quarter valued at about $590,000. Cidel Asset Management Inc. purchased a new stake in Genuine Parts during the second quarter valued at about $227,000. Integrated Wealth Concepts LLC boosted its position in Genuine Parts by 87.8% during the second quarter. Integrated Wealth Concepts LLC now owns 10,448 shares of the specialty retailer’s stock worth $1,233,000 after purchasing an additional 4,884 shares during the period. IFP Advisors Inc boosted its position in Genuine Parts by 4.9% during the second quarter. IFP Advisors Inc now owns 5,022 shares of the specialty retailer’s stock worth $592,000 after purchasing an additional 236 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of Genuine Parts by 5.5% in the second quarter. Arizona State Retirement System now owns 39,888 shares of the specialty retailer’s stock worth $4,706,000 after purchasing an additional 2,085 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GPC. Raymond James Financial reissued a “strong-buy” rating and issued a $165.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. DA Davidson lifted their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Truist Financial boosted their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Evercore restated an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $122.00 price target 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 issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Genuine Parts presently has an average rating of “Moderate Buy” and a consensus target price of $147.86.

Genuine Parts Trading Up 0.3%

Shares of Genuine Parts stock opened at $134.09 on Monday. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. The company has a market cap of $18.49 billion, a price-to-earnings ratio of 536.35, a PEG ratio of 2.47 and a beta of 0.64. 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’s 50-day moving average price is $130.84 and its 200-day moving average price is $114.99.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating the consensus estimate of $2.08 by $0.07. The company had revenue of $6.54 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

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

Genuine Parts Profile

Genuine Parts Company (NYSE:GPC) is a global distributor of automotive and industrial replacement parts. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional customers, businesses and consumers through a broad network of distribution centers, stores and service locations.

Through its automotive parts operations, including the NAPA brand in North America and other regional businesses, Genuine Parts distributes replacement parts, accessories, tools and equipment for cars, trucks and other vehicles.