45,670 Shares in Genuine Parts Company $GPC Purchased by Nykredit A S

Key Points

• Nykredit A/S acquired 45,670 shares of Genuine Parts Company during the second quarter, valued at approximately $5.4 million. Institutional investors collectively own 78.83% of the company.
• Genuine Parts exceeded quarterly expectations, reporting $2.15 in EPS on $6.54 billion in revenue, with revenue up 6% year over year. Full-year 2026 EPS guidance remains $7.50–$8.00.
• The company declared a quarterly dividend of $1.0625, or $4.25 annualized, representing a 3.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $147.86.

Nykredit A S acquired a new stake in shares of 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 acquired 45,670 shares of the specialty retailer's stock, valued at approximately $5,388,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Genuine Parts during the second quarter worth approximately $1,574,910,000. Norges Bank purchased a new stake in Genuine Parts in the 4th quarter valued at $293,471,000. Bank of America Corp DE purchased a new stake in Genuine Parts in the 2nd quarter valued at $201,072,000. Corient Private Wealth LP acquired a new stake in shares of Genuine Parts in the 2nd quarter worth $3,903,000. Finally, Cullen Capital Management LLC purchased a new position in shares of Genuine Parts during the 2nd quarter worth $166,471,000. Institutional investors and hedge funds own 78.83% of the company's stock.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $138.08 on Monday. The business has a 50-day moving average price of $129.71 and a 200 day moving average price of $114.46. 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 has a market capitalization of $19.04 billion, a price-to-earnings ratio of 552.32, a PEG ratio of 2.55 and a beta of 0.64. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.07. The company had revenue of $6.54 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts expect that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, September 4th. Genuine Parts's dividend payout ratio is currently 1,700.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GPC shares. DA Davidson upped their price objective 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. Truist Financial lifted their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a "hold" rating in a research note on Wednesday, July 22nd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Genuine Parts in a report on Wednesday, June 24th. Zacks Research raised shares of Genuine Parts from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. Finally, Evercore restated an "outperform" rating 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 given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $147.86.

Genuine Parts 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.

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.