Equity Investment Corp Purchases Shares of 974,085 Genuine Parts Company $GPC

Key Points

• Equity Investment Corp acquired 974,085 Genuine Parts shares worth approximately $114.9 million, representing about 0.71% of GPC and 2.2% of the firm’s portfolio.
• Genuine Parts beat quarterly expectations, reporting $2.15 EPS versus the $2.08 consensus and $6.54 billion in revenue, up 6% year over year. The company reaffirmed fiscal 2026 EPS guidance of $7.50–$8.00.
• GPC announced a quarterly dividend of $1.0625 per share, or $4.25 annualized, implying a 3.2% yield. Analysts’ average rating is “Moderate Buy,” with an average price target of $147.86.

Equity Investment Corp bought a new stake in Genuine Parts Company (NYSE:GPC - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 974,085 shares of the specialty retailer's stock, valued at approximately $114,922,000. Genuine Parts makes up approximately 2.2% of Equity Investment Corp's holdings, making the stock its 20th biggest position. Equity Investment Corp owned approximately 0.71% of Genuine Parts as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Genuine Parts by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer's stock worth $2,155,975,000 after buying an additional 167,981 shares during the last quarter. BlackRock Inc. acquired a new position in Genuine Parts during the second quarter worth approximately $1,574,910,000. State Street Corp increased its position in Genuine Parts by 1.4% during the fourth quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer's stock worth $940,940,000 after purchasing an additional 107,440 shares during the last quarter. Barclays PLC raised its stake in Genuine Parts by 10.6% during the fourth quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer's stock worth $479,711,000 after purchasing an additional 373,065 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Genuine Parts by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer's stock valued at $462,772,000 after purchasing an additional 64,676 shares during the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Price Performance

Shares of GPC stock opened at $132.06 on Wednesday. The firm has a fifty day simple moving average of $122.12 and a 200-day simple moving average of $115.28. The company has a market capitalization of $18.21 billion, a PE ratio of 528.26 and a beta of 0.62. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. The company has a current ratio of 1.16, a quick ratio of 0.50 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 earnings per share (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 firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. The firm's quarterly 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. Equities research analysts anticipate that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given 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 presently 1,700.00%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GPC. UBS Group reissued a "neutral" rating and set a $122.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Evercore reiterated an "outperform" rating on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson boosted their price target on Genuine Parts from $150.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Weiss Ratings restated a "hold (c-)" rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $165.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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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