858,109 Shares in Genuine Parts Company $GPC Bought by Deutsche Bank AG

Deutsche Bank AG purchased a new position in Genuine Parts Company (NYSE:GPC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 858,109 shares of the specialty retailer's stock, valued at approximately $101,240,000. Deutsche Bank AG owned about 0.62% of Genuine Parts as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 acquiring an additional 671 shares during the period. Woodline Partners LP lifted its position in Genuine Parts by 40.7% in the first quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer's stock valued at $1,399,000 after purchasing an additional 3,396 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Genuine Parts by 15.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer's stock valued at $122,000 after purchasing an additional 137 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Genuine Parts by 5.6% during the second quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer's stock valued at $3,027,000 after purchasing an additional 1,323 shares during the period. Finally, AXA S.A. grew its holdings in shares of Genuine Parts by 37.2% in the second quarter. AXA S.A. now owns 51,292 shares of the specialty retailer's stock worth $6,222,000 after purchasing an additional 13,898 shares during the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Genuine Parts Stock Performance

Shares of Genuine Parts stock opened at $132.41 on Friday. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57. The firm has a market capitalization of $18.25 billion, a P/E ratio of 529.64 and a beta of 0.63. 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 business has a fifty day simple moving average of $123.44 and a two-hundred day simple moving average of $115.20.

Genuine Parts (NYSE:GPC - Get Free Report) last released its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the prior year, the firm earned $2.10 EPS. The company's revenue was up 6.0% 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 forecast that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

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

Analyst Upgrades and Downgrades

GPC has been the subject of a number of recent analyst reports. Evercore reiterated an "outperform" rating on shares of Genuine Parts in a report on Wednesday, July 22nd. 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 research note on Monday, August 3rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Truist Financial upped their price target on Genuine Parts from $124.00 to $126.00 and gave the company a "hold" rating in a research report on Wednesday, July 22nd. Finally, UBS Group reiterated a "neutral" rating and issued a $122.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average 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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