Flputnam Investment Management Co. Acquires New Stake in Genuine Parts Company $GPC

Key Points

• Flputnam Investment Management acquired 7,800 shares of Genuine Parts valued at approximately $920,000 during the second quarter. Institutional investors own 78.83% of GPC’s outstanding shares.
• Genuine Parts exceeded quarterly expectations, reporting $2.15 in earnings per share and $6.54 billion in revenue, with revenue up 6% year over year. The company maintained fiscal 2026 EPS guidance of $7.50–$8.00.
• GPC declared a quarterly dividend of $1.0625, or $4.25 annualized, representing a 3.2% yield. Analysts hold a consensus “Moderate Buy” rating with an average price target of $147.86.

Flputnam Investment Management Co. purchased a new position in Genuine Parts Company (NYSE:GPC - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,800 shares of the specialty retailer's stock, valued at approximately $920,000.

A number of other large investors have also recently made changes to their positions in GPC. Global Retirement Partners LLC bought a new position in shares of Genuine Parts during the second quarter worth $1,904,000. Bank of New York Mellon Corp purchased a new position in Genuine Parts in the second quarter worth about $92,925,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Genuine Parts during the 2nd quarter valued at approximately $209,000. Orca Investment Management LLC bought a new position in Genuine Parts during the second quarter valued at $332,000. Finally, Clearstead Trust LLC bought a new position in Genuine Parts during the 2nd quarter valued at about $48,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Price Performance

NYSE:GPC opened at $132.88 on Tuesday. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57. The stock has a market cap of $18.32 billion, a PE ratio of 531.52 and a beta of 0.62. The stock has a 50 day moving average price of $121.46 and a 200 day moving average price of $115.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16.

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 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 analyst estimates of $6.43 billion. During the same quarter in the previous year, the company earned $2.10 EPS. The business's revenue for the quarter 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. Equities research analysts expect that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, September 4th. Genuine Parts's dividend payout ratio (DPR) is presently 1,700.00%.

Wall Street Analyst Weigh In

GPC has been the topic of a number of research reports. Raymond James Financial reaffirmed a "strong-buy" rating and set a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Truist Financial boosted their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a "hold" rating in a report on Wednesday, July 22nd. Evercore reiterated an "outperform" rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, DA Davidson lifted their price target on Genuine Parts from $150.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Genuine Parts currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.86.

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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