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30,400 Shares in Genuine Parts Company $GPC Bought by Jefferies Financial Group Inc.

Genuine Parts logo with Retail/Wholesale background
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Key Points

  • Jefferies Financial Group acquired a new stake of 30,400 shares in Genuine Parts (NYSE:GPC) in Q3, valued at about $4.21 million.
  • Genuine Parts missed quarterly earnings (EPS $1.55 vs. $1.79 expected) and revenue of $6.01B vs. $6.06B, but set FY2026 guidance of 7.50–8.00 EPS (analysts' average 7.9).
  • The company raised its quarterly dividend to $1.0625 (annualized $4.25, yield 3.8%), while shares trade near $111.81 (down 3.2%); analysts' consensus is a "Moderate Buy" with an average price target of $145.57.
  • MarketBeat previews the top five stocks to own by May 1st.

Jefferies Financial Group Inc. acquired a new stake in shares of Genuine Parts Company (NYSE:GPC - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,400 shares of the specialty retailer's stock, valued at approximately $4,213,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. AG raised its position in shares of Genuine Parts by 1.0% during the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 20,020 shares of the specialty retailer's stock valued at $2,775,000 after buying an additional 199 shares in the last quarter. Korea Investment CORP lifted its holdings in shares of Genuine Parts by 15.0% in the 3rd quarter. Korea Investment CORP now owns 85,220 shares of the specialty retailer's stock valued at $11,811,000 after acquiring an additional 11,136 shares during the last quarter. Blair William & Co. IL grew its position in Genuine Parts by 15.5% in the third quarter. Blair William & Co. IL now owns 9,339 shares of the specialty retailer's stock worth $1,294,000 after acquiring an additional 1,251 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Genuine Parts during the third quarter worth approximately $101,000. Finally, Barclays PLC increased its stake in Genuine Parts by 0.6% during the third quarter. Barclays PLC now owns 3,528,297 shares of the specialty retailer's stock worth $489,022,000 after acquiring an additional 21,437 shares during the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GPC has been the subject of several analyst reports. Truist Financial set a $127.00 price objective on Genuine Parts and gave the company a "hold" rating in a research note on Wednesday, February 18th. Raymond James Financial raised Genuine Parts from a "market perform" rating to a "strong-buy" rating and set a $145.00 target price on the stock in a research report on Tuesday, February 24th. The Goldman Sachs Group upgraded Genuine Parts from a "sell" rating to a "neutral" rating and increased their price target for the company from $130.00 to $142.00 in a report on Thursday, November 13th. Weiss Ratings restated a "hold (c-)" rating on shares of Genuine Parts in a research report on Monday, December 29th. Finally, UBS Group cut their price objective on shares of Genuine Parts from $150.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $145.57.

Get Our Latest Analysis on GPC

Genuine Parts Stock Down 3.2%

Shares of NYSE:GPC opened at $111.81 on Tuesday. The firm has a market capitalization of $15.55 billion, a PE ratio of 243.06 and a beta of 0.75. The business has a 50 day simple moving average of $130.80 and a two-hundred day simple moving average of $131.85. Genuine Parts Company has a 1 year low of $104.01 and a 1 year high of $151.57. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.08 and a quick ratio of 0.46.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.24). Genuine Parts had a return on equity of 22.28% and a net margin of 0.27%.The business had revenue of $6.01 billion during the quarter, compared to analysts' expectations of $6.06 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. The company's quarterly revenue was up 4.1% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities analysts predict that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a $1.0625 dividend. The ex-dividend date is Friday, March 6th. This is a positive change from Genuine Parts's previous quarterly dividend of $1.03. This represents a $4.25 dividend on an annualized basis and a yield of 3.8%. Genuine Parts's payout ratio is 923.91%.

Genuine Parts Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Genuine Parts (NYSE:GPC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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