Corient Private Wealth LP Makes New $3.90 Million Investment in Genuine Parts Company $GPC

Key Points

• Corient Private Wealth LP acquired 1.46 million shares of Genuine Parts, valued at approximately $3.9 million, representing about 1.06% of the company. Institutional investors collectively own 78.83% of GPC.
• Genuine Parts exceeded quarterly expectations, reporting $2.15 in EPS and $6.54 billion in revenue, with revenue up 6% year over year. The company set fiscal 2026 EPS guidance at $7.50–$8.00.
• Analysts maintain a consensus “Moderate Buy” rating with a $147.86 target price, while the company announced a quarterly dividend of $1.0625 per share, equivalent to a 3.1% annualized yield.

Corient Private Wealth LP acquired a new position in Genuine Parts Company (NYSE:GPC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,455,907 shares of the specialty retailer's stock, valued at approximately $3,903,000. Corient Private Wealth LP owned approximately 1.06% of Genuine Parts as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in Genuine Parts during the 2nd quarter worth $1,574,910,000. Norges Bank purchased a new position in Genuine Parts in the fourth quarter valued at about $293,471,000. Bank of America Corp DE purchased a new position in Genuine Parts in the second quarter valued at about $201,072,000. Cullen Capital Management LLC acquired a new position in shares of Genuine Parts during the second quarter worth about $166,471,000. Finally, Baupost Group LLC MA acquired a new position in shares of Genuine Parts during the third quarter worth about $193,347,000. Hedge funds and other institutional investors own 78.83% of the company's stock.

Wall Street Analyst Weigh In

GPC has been the subject of a number of recent research reports. Evercore reiterated an "outperform" rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Truist Financial boosted their price target on Genuine Parts from $124.00 to $126.00 and gave the stock a "hold" rating in a research report on Wednesday, July 22nd. Zacks Research upgraded Genuine Parts from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $165.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Genuine Parts in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $147.86.

Genuine Parts Stock Performance

NYSE:GPC opened at $135.80 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The firm has a 50-day moving average of $127.68 and a two-hundred day moving average of $114.77. The stock has a market cap of $18.72 billion, a P/E ratio of 543.20 and a beta of 0.62. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The company had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same period last year, the firm earned $2.10 earnings per share. The company's revenue was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, research analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently disclosed 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. This represents a $4.25 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, September 4th. Genuine Parts's dividend payout ratio (DPR) is 1,700.00%.

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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