28,317 Shares in Genuine Parts Company $GPC Purchased by Danske Bank A S

Key Points

• Danske Bank purchased 28,317 shares of Genuine Parts, valued at approximately $3.34 million. Institutional investors and hedge funds collectively own 78.83% of the company.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $147.86; targets range from $122 to $170.
• Genuine Parts exceeded quarterly expectations with $2.15 in EPS and $6.54 billion in revenue, while declaring a quarterly dividend of $1.0625, equivalent to a 3.2% annual yield.

Danske Bank A S purchased a new stake in Genuine Parts Company (NYSE:GPC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 28,317 shares of the specialty retailer's stock, valued at approximately $3,341,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Genuine Parts by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer's stock valued at $2,111,000 after buying an additional 671 shares during the period. Woodline Partners LP raised its position in shares of Genuine Parts by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer's stock worth $1,399,000 after buying an additional 3,396 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Genuine Parts by 15.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer's stock valued at $122,000 after acquiring an additional 137 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Genuine Parts by 5.6% in the second quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer's stock valued at $3,027,000 after acquiring an additional 1,323 shares during the last quarter. Finally, AXA S.A. grew its position in Genuine Parts by 37.2% during the second quarter. AXA S.A. now owns 51,292 shares of the specialty retailer's stock valued at $6,222,000 after acquiring an additional 13,898 shares during the period. Institutional investors and hedge funds own 78.83% of the company's stock.

Analyst Upgrades and Downgrades

GPC has been the subject of several research analyst reports. Raymond James Financial restated a "strong-buy" rating and set a $165.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. UBS Group reiterated a "neutral" rating and set a $122.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Evercore reissued an "outperform" rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. DA Davidson raised their price target 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. Finally, Truist Financial lifted their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the company a "hold" rating in a research report on Wednesday, July 22nd. One 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. According to data from MarketBeat.com, Genuine Parts currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.86.

Genuine Parts Trading Up 0.8%

Shares of GPC opened at $134.03 on Friday. The stock's 50-day moving average is $124.05 and its two-hundred day moving average is $115.34. The stock has a market cap of $18.48 billion, a PE ratio of 536.12 and a beta of 0.63. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its 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 business 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%.The company's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts forecast that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

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

Genuine Parts Company 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.

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