1,704,292 Shares in Genuine Parts Company $GPC Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 1.7 million shares of Genuine Parts in the second quarter, valued at approximately $201.1 million and representing a 1.24% ownership stake. Institutional investors collectively own 78.83% of the company.
• Genuine Parts exceeded quarterly expectations, reporting $2.15 in EPS and $6.54 billion in revenue, while raising confidence around fiscal 2026 earnings guidance of $7.50–$8.00 per share.
• The company announced a quarterly dividend of $1.0625 per share, or $4.25 annualized, yielding approximately 3.2%. Analysts maintain a “Moderate Buy” consensus with an average price target of $147.86.

Bank of America Corp DE bought a new stake in shares of Genuine Parts Company (NYSE:GPC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,704,292 shares of the specialty retailer's stock, valued at approximately $201,072,000. Bank of America Corp DE owned 1.24% of Genuine Parts as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GPC. Motiv8 Investments LLC bought a new stake in Genuine Parts in the fourth quarter worth $31,000. Elyxium Wealth LLC purchased a new stake in Genuine Parts in the fourth quarter worth about $33,000. Elevation Wealth Partners LLC lifted its stake in shares of Genuine Parts by 510.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer's stock valued at $33,000 after buying an additional 235 shares in the last quarter. EFG International AG bought a new position in Genuine Parts in the 2nd quarter worth approximately $36,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Genuine Parts by 34.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer's stock valued at $42,000 after purchasing an additional 88 shares in the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Genuine Parts Trading Up 0.4%

NYSE GPC opened at $130.99 on Friday. The firm has a 50 day simple moving average of $131.21 and a 200-day simple moving average of $115.37. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57. The firm has a market cap of $18.06 billion, a price-to-earnings ratio of 523.96, a PEG ratio of 2.41 and a beta of 0.64.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly 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. The company had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts anticipate that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Announces Dividend

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 paid a dividend of $1.0625 per share. The ex-dividend date is Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. Genuine Parts's dividend payout ratio is 1,700.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. UBS Group reissued a "neutral" rating and set a $122.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Zacks Research raised Genuine Parts from a "strong sell" rating to a "hold" rating in a research report on Monday, May 25th. Raymond James Financial restated a "strong-buy" rating and set a $165.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson boosted their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Genuine Parts in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Genuine Parts has an average rating of "Moderate Buy" and a consensus price target of $147.86.

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.

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