Assenagon Asset Management S.A. Has $18.48 Million Stake in Genuine Parts Company $GPC

Key Points

• Assenagon Asset Management increased its Genuine Parts stake by 131.7% in the second quarter, holding 156,659 shares valued at approximately $18.48 million. Institutional investors collectively own 78.83% of the company.
• Genuine Parts exceeded quarterly expectations, reporting $2.15 in adjusted EPS versus the $2.08 consensus and revenue of $6.54 billion, up 6% year over year. The company maintained fiscal 2026 EPS guidance of $7.50–$8.00.
• Analyst sentiment is mixed but leans positive, with a consensus rating of “Moderate Buy” and an average price target of $147.86, compared with the stock’s reported price of $135.49.

Assenagon Asset Management S.A. lifted its position in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 131.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,659 shares of the specialty retailer's stock after purchasing an additional 89,043 shares during the period. Assenagon Asset Management S.A. owned about 0.11% of Genuine Parts worth $18,483,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strive Financial Group LLC acquired a new position in shares of Genuine Parts during the fourth quarter worth $25,000. WPG Advisers LLC increased its holdings in Genuine Parts by 213.0% in the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 164 shares during the period. Motiv8 Investments LLC acquired a new stake in Genuine Parts in the fourth quarter valued at $31,000. Elyxium Wealth LLC bought a new position in Genuine Parts during the 4th quarter worth $33,000. Finally, Quest 10 Wealth Builders Inc. raised its position in Genuine Parts by 426.9% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 274 shares of the specialty retailer's stock worth $34,000 after purchasing an additional 222 shares during the last quarter. Institutional investors and hedge funds own 78.83% of the company's stock.

Genuine Parts Price Performance

Shares of NYSE GPC opened at $135.49 on Monday. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The stock has a market cap of $18.68 billion, a price-to-earnings ratio of 541.96 and a beta of 0.63. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. The firm's 50-day simple moving average is $117.11 and its 200 day simple moving average is $115.44.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.07. The firm 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% on a year-over-year basis. During the same period in the previous year, the company posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, research analysts anticipate that Genuine Parts Company will post 7.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GPC has been the topic of a number of analyst reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Truist Financial raised their target price on Genuine Parts from $124.00 to $126.00 and gave the stock a "hold" rating in a research note on Wednesday, July 22nd. Raymond James Financial reaffirmed a "strong-buy" rating and set a $165.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. UBS Group reiterated a "neutral" rating and issued a $122.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, Evercore reiterated an "outperform" rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Genuine Parts has a consensus rating of "Moderate Buy" and an average 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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