Empowered Funds LLC Purchases Shares of 11,053 Genuine Parts Company $GPC

Key Points

• Empowered Funds LLC purchased 11,053 shares of Genuine Parts, valued at approximately $1.3 million, during the second quarter. Institutional investors now own 78.83% of the company.
• Genuine Parts reported quarterly revenue of $6.54 billion and earnings of $2.15 per share, exceeding analyst expectations, while revenue increased 6% year over year.
• The company declared a quarterly dividend of $1.0625, equivalent to an annualized $4.25 payout and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $147.86.

Empowered Funds LLC purchased a new position in shares of Genuine Parts Company (NYSE:GPC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,053 shares of the specialty retailer's stock, valued at approximately $1,304,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GPC. BlackRock Inc. acquired a new stake in Genuine Parts during the 2nd quarter valued at $1,574,910,000. Norges Bank acquired a new position in shares of Genuine Parts in the fourth quarter valued at about $293,471,000. Bank of America Corp DE bought a new position in Genuine Parts during the second quarter worth about $201,072,000. Corient Private Wealth LP bought a new stake in Genuine Parts in the 2nd quarter valued at about $3,903,000. Finally, Cullen Capital Management LLC acquired a new position in shares of Genuine Parts during the 2nd quarter worth approximately $166,471,000. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Trading Up 0.3%

NYSE GPC opened at $138.08 on Friday. The business's fifty day moving average is $129.71 and its 200 day moving average is $114.69. The company has a market cap of $19.04 billion, a price-to-earnings ratio of 552.32, a price-to-earnings-growth ratio of 2.54 and a beta of 0.64. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88.

Genuine Parts (NYSE:GPC - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The firm had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the previous year, the company posted $2.10 EPS. The business'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. As a group, sell-side analysts expect that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The business 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 is Friday, September 4th. Genuine Parts's dividend payout ratio (DPR) is presently 1,700.00%.

Analyst Ratings Changes

A number of analysts have recently weighed in on GPC shares. Evercore reiterated an "outperform" rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Zacks Research raised Genuine Parts from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. DA Davidson upped their price objective 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. Truist Financial increased their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a "hold" rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Genuine Parts in a report on Wednesday, June 24th. One investment 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 currently has an average rating of "Moderate Buy" and a consensus price target of $147.86.

Genuine Parts Company Profile

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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