13,348,959 Shares in Genuine Parts Company $GPC Acquired by BlackRock Inc.

Key Points

• BlackRock acquired 13.35 million Genuine Parts shares worth approximately $1.57 billion, giving it a 9.68% stake. Institutional investors collectively own 78.83% of GPC.
• Genuine Parts exceeded quarterly expectations, reporting $2.15 EPS and $6.54 billion in revenue, up 6% year over year. The company maintained fiscal 2026 EPS guidance of $7.50–$8.00.
• GPC announced a quarterly dividend of $1.0625 per share, equivalent to a $4.25 annualized payout and a 3.2% yield. Analysts have a consensus “Moderate Buy” rating with an average price target of $147.86.

BlackRock Inc. bought a new position in Genuine Parts Company (NYSE:GPC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 13,348,959 shares of the specialty retailer's stock, valued at approximately $1,574,910,000. BlackRock Inc. owned 9.68% of Genuine Parts as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. United Asset Strategies Inc. raised its position in shares of Genuine Parts by 1.6% during the fourth 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 during the last quarter. IHT Wealth Management LLC grew its stake in Genuine Parts by 1.8% during the fourth quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer's stock valued at $571,000 after acquiring an additional 83 shares in the last quarter. Oakworth Capital Inc. increased its holdings in Genuine Parts by 1.9% in the 4th quarter. Oakworth Capital Inc. now owns 4,680 shares of the specialty retailer's stock valued at $575,000 after acquiring an additional 88 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Genuine Parts by 34.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer's stock worth $42,000 after purchasing an additional 88 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. lifted its stake in Genuine Parts by 13.8% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 727 shares of the specialty retailer's stock worth $86,000 after purchasing an additional 88 shares in the last quarter. 78.83% of the stock is owned by institutional investors.

Genuine Parts Trading Down 1.6%

Shares of NYSE GPC opened at $132.41 on Friday. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. The company has a market cap of $18.25 billion, a price-to-earnings ratio of 529.64 and a beta of 0.63. The business's 50 day moving average price is $123.44 and its 200-day moving average price is $115.20.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.07. The firm had revenue of $6.54 billion during 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 quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts expect 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. Investors of record on Friday, September 4th will be paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, September 4th. Genuine Parts's payout ratio is 1,700.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GPC shares. UBS Group restated a "neutral" rating and set a $122.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Genuine Parts in a research report on Wednesday, June 24th. DA Davidson upped their price target 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. Raymond James Financial reissued a "strong-buy" rating and issued a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, Zacks Research upgraded shares of Genuine Parts from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. One equities research 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's stock. Based on data from MarketBeat.com, Genuine Parts currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.86.

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.

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