Fidelity National Financial Inc. Purchases New Stake in Genuine Parts Company $GPC

Key Points

• Fidelity National Financial purchased 189,300 shares of Genuine Parts, valued at approximately $22.3 million, giving it a 0.14% stake and making GPC its seventh-largest holding.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $147.86; DA Davidson raised its target to $170.
• Genuine Parts exceeded quarterly earnings and revenue estimates, reporting $2.15 EPS and $6.54 billion in revenue, while declaring a quarterly dividend of $1.0625 per share, equivalent to a 3.2% annual yield.

Fidelity National Financial Inc. purchased a new stake in shares of Genuine Parts Company (NYSE:GPC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 189,300 shares of the specialty retailer's stock, valued at approximately $22,334,000. Genuine Parts accounts for approximately 0.7% of Fidelity National Financial Inc.'s holdings, making the stock its 7th largest holding. Fidelity National Financial Inc. owned about 0.14% of Genuine Parts at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Strive Financial Group LLC bought a new position in shares of Genuine Parts during the fourth quarter valued at about $25,000. WPG Advisers LLC boosted its holdings in shares of Genuine Parts by 213.0% during the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 164 shares during the period. Motiv8 Investments LLC bought a new stake in shares of Genuine Parts in the fourth quarter worth about $31,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Genuine Parts by 6,225.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 249 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new position in Genuine Parts during the 4th quarter valued at about $33,000. Institutional investors own 78.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on GPC shares. Truist Financial upped their price target on Genuine Parts from $124.00 to $126.00 and gave the company a "hold" rating in a research report on Wednesday, July 22nd. Evercore reiterated an "outperform" rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. DA Davidson boosted their target price on Genuine Parts from $150.00 to $170.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. UBS Group restated a "neutral" rating and set a $122.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Zacks Research upgraded shares of Genuine Parts from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $147.86.

Genuine Parts Price Performance

Shares of GPC stock opened at $132.06 on Wednesday. The stock has a market cap of $18.21 billion, a price-to-earnings ratio of 528.26 and a beta of 0.62. The business's fifty day moving average is $122.12 and its 200 day moving average is $115.28. 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 posted its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the prior year, the company earned $2.10 earnings per share. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts expect that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors 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 yield of 3.2%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts's dividend payout ratio (DPR) is 1,700.00%.

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.

Want to see what other hedge funds are holding GPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genuine Parts Company (NYSE:GPC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source