Amundi Cuts Stock Position in Genuine Parts Company $GPC

Key Points

• Amundi cut its Genuine Parts position by 39.7% in the second quarter, selling 138,386 shares and retaining 209,861 shares worth approximately $24.8 million. Institutional investors collectively own 78.83% of the company.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $147.86. Price targets range from UBS’s $122 neutral view to DA Davidson’s $170 buy rating.
• Genuine Parts exceeded quarterly earnings and revenue expectations, reporting $2.15 in EPS on $6.54 billion in revenue, while declaring a quarterly dividend of $1.0625 per share, equivalent to a 3.2% annualized yield.

Amundi lowered its position in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 39.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 209,861 shares of the specialty retailer's stock after selling 138,386 shares during the quarter. Amundi owned 0.15% of Genuine Parts worth $24,759,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its stake in shares of Genuine Parts by 13,376.8% during the 2nd quarter. California State Teachers Retirement System now owns 23,062,848 shares of the specialty retailer's stock valued at $2,720,955,000 after buying an additional 22,891,718 shares during the period. Studio Investment Management LLC purchased a new position in shares of Genuine Parts in the 2nd quarter worth $638,000. Saudi Central Bank boosted its holdings in Genuine Parts by 89.6% in the second quarter. Saudi Central Bank now owns 9,738 shares of the specialty retailer's stock valued at $1,149,000 after acquiring an additional 4,603 shares during the last quarter. Compass Financial Management LLC acquired a new position in Genuine Parts in the second quarter valued at $66,000. Finally, NBH Bank purchased a new stake in Genuine Parts during the second quarter valued at about $315,000. Institutional investors and hedge funds own 78.83% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on GPC. Zacks Research upgraded Genuine Parts from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. UBS Group reaffirmed a "neutral" rating and issued a $122.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Raymond James Financial reiterated a "strong-buy" rating and set a $165.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson increased their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Genuine Parts in a report on Wednesday, June 24th. One 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. Based on data from MarketBeat, Genuine Parts has a consensus rating of "Moderate Buy" and an average price target of $147.86.

Genuine Parts Stock Performance

Genuine Parts stock opened at $134.09 on Friday. The company has a market cap of $18.49 billion, a PE ratio of 536.35, a P/E/G ratio of 2.48 and a beta of 0.64. The company has a fifty day moving average price of $130.84 and a two-hundred day moving average price of $115.00. 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 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 announced its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share 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 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 company'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 firm earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Announces Dividend

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

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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