First National Bank of Omaha Takes $5.08 Million Position in Genuine Parts Company $GPC

Key Points

• First National Bank of Omaha acquired 43,221 shares of Genuine Parts in the second quarter, valued at approximately $5.08 million. Institutional investors and hedge funds collectively own 78.83% of the company.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $147.86; DA Davidson recently raised its target to $170.
• Genuine Parts exceeded quarterly earnings and revenue expectations, reporting $2.15 in EPS and $6.54 billion in revenue. The company also declared a quarterly dividend of $1.0625 per share, equivalent to a 3.2% annualized yield.

First National Bank of Omaha bought a new position in Genuine Parts Company (NYSE:GPC - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 43,221 shares of the specialty retailer's stock, valued at approximately $5,077,000.

Other hedge funds have also bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Genuine Parts by 85.0% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer's stock worth $3,200,000 after acquiring an additional 13,900 shares during the last quarter. Montag A & Associates Inc. grew its stake in Genuine Parts by 19.6% during the 1st quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer's stock valued at $6,923,000 after purchasing an additional 10,622 shares during the last quarter. Paradiem LLC acquired a new position in shares of Genuine Parts in the first quarter valued at about $3,154,000. Hsbc Holdings PLC increased its holdings in shares of Genuine Parts by 19.5% in the fourth quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer's stock valued at $58,887,000 after purchasing an additional 77,936 shares during the period. Finally, Bastion Asset Management Inc. purchased a new position in shares of Genuine Parts in the first quarter worth about $16,978,000. Institutional investors and hedge funds own 78.83% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. DA Davidson lifted their target price on Genuine Parts from $150.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Zacks Research raised shares of Genuine Parts from a "strong sell" rating to a "hold" rating in a research report on Monday, May 25th. Raymond James Financial restated a "strong-buy" rating and set a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Evercore reaffirmed an "outperform" rating on shares of Genuine Parts in a 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 issued a Hold rating to the stock. According to MarketBeat, Genuine Parts currently has an average rating of "Moderate Buy" and a consensus target price of $147.86.

Genuine Parts Stock Performance

Shares of GPC stock opened at $132.06 on Wednesday. Genuine Parts Company has a 52-week low of $90.78 and a 52-week 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. The stock has a market cap of $18.21 billion, a PE ratio of 528.26 and a beta of 0.62. The business has a 50-day simple moving average of $122.12 and a 200-day simple moving average of $115.28.

Genuine Parts (NYSE:GPC - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.08 by $0.07. The business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities analysts expect that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a yield of 3.2%. Genuine Parts's dividend payout ratio is 1,700.00%.

Genuine Parts 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.

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