Genuine Parts Company $GPC Shares Acquired by PYA Waltman Capital LLC

Key Points

• PYA Waltman Capital increased its Genuine Parts stake by 169.5% in the second quarter, purchasing 9,804 additional shares and bringing its holdings to 15,587 shares valued at approximately $1.84 million. Institutional investors collectively own 78.83% of GPC.
• Analyst sentiment is moderately positive: MarketBeat reports an average rating of “Moderate Buy” and an average price target of $147.86, with DA Davidson raising its target to $170 and assigning a buy rating.
• Genuine Parts exceeded quarterly earnings and revenue expectations, reporting $2.15 in EPS and $6.54 billion in revenue, while revenue rose 6% year over year. The company also declared a quarterly dividend of $1.0625 per share, equivalent to a 3.2% annualized yield.

PYA Waltman Capital LLC increased its stake in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 169.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,587 shares of the specialty retailer's stock after purchasing an additional 9,804 shares during the quarter. PYA Waltman Capital LLC's holdings in Genuine Parts were worth $1,839,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Sound Financial Strategies Group LLC boosted its stake in shares of Genuine Parts by 36.9% during the 2nd quarter. Sound Financial Strategies Group LLC now owns 2,669 shares of the specialty retailer's stock worth $315,000 after purchasing an additional 719 shares during the last quarter. Investors Research Corp grew its holdings in shares of Genuine Parts by 50.5% during the second quarter. Investors Research Corp now owns 596 shares of the specialty retailer's stock worth $70,000 after buying an additional 200 shares in the last quarter. Sigma Planning Corp raised its position in shares of Genuine Parts by 8.3% in the second quarter. Sigma Planning Corp now owns 4,695 shares of the specialty retailer's stock valued at $554,000 after buying an additional 361 shares during the last quarter. Apollo Management Holdings L.P. acquired a new position in shares of Genuine Parts in the second quarter valued at approximately $88,255,000. Finally, Greenwood Capital Associates LLC lifted its stake in shares of Genuine Parts by 17.7% during the second quarter. Greenwood Capital Associates LLC now owns 9,948 shares of the specialty retailer's stock valued at $1,174,000 after buying an additional 1,496 shares during the period. Institutional investors and hedge funds own 78.83% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GPC shares. Truist Financial raised their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a "hold" rating in a research report on Wednesday, July 22nd. UBS Group reissued a "neutral" rating and set a $122.00 price target on shares of Genuine Parts in a research note 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 raised their price objective on Genuine Parts from $150.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Genuine Parts in a research report on Wednesday, June 24th. One 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $147.86.

Genuine Parts Price Performance

GPC opened at $134.88 on Wednesday. The company's 50 day simple moving average is $128.25 and its 200 day simple moving average is $114.66. 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 Company has a 1 year low of $90.78 and a 1 year high of $151.57. The stock has a market capitalization of $18.59 billion, a PE ratio of 539.52, a P/E/G ratio of 2.51 and a beta of 0.64.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 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 during the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the prior year, the business posted $2.10 earnings per share. Genuine Parts'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. As a group, sell-side analysts expect that Genuine Parts Company will post 7.73 EPS for the current 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 dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. Genuine Parts's payout ratio is currently 1,700.00%.

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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