Connor Clark & Lunn Investment Management Ltd. bought a new position in Genuine Parts Company (NYSE:GPC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 154,392 shares of the specialty retailer's stock, valued at approximately $18,215,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.11% of Genuine Parts at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Strive Financial Group LLC bought a new position in Genuine Parts during the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC purchased a new position in shares of Genuine Parts during the fourth quarter worth approximately $31,000. Elyxium Wealth LLC bought a new stake in shares of Genuine Parts in the 4th quarter worth approximately $33,000. Elevation Wealth Partners LLC lifted its holdings in shares of Genuine Parts by 510.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer's stock worth $33,000 after acquiring an additional 235 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Genuine Parts by 6,225.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on GPC shares. Zacks Research raised shares of Genuine Parts from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. Weiss Ratings reissued a "hold (c-)" rating on shares of Genuine Parts in a research note on Wednesday, June 24th. UBS Group restated a "neutral" rating and set a $122.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. DA Davidson raised their price objective on Genuine Parts from $150.00 to $170.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned 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 target price of $147.86.
Read Our Latest Research Report on Genuine Parts
Genuine Parts Stock Performance
Shares of GPC stock opened at $138.09 on Wednesday. The company has a market capitalization of $19.04 billion, a P/E ratio of 552.34 and a beta of 0.63. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. 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 stock has a 50 day moving average price of $125.29 and a two-hundred day moving average price of $115.03.
Genuine Parts (NYSE:GPC - Get Free Report) last issued its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The company had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the previous year, the firm earned $2.10 earnings per share. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current year.
Genuine Parts Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts's dividend payout ratio (DPR) is 1,700.00%.
About Genuine Parts
(
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.
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