Genuine Parts Company $GPC Shares Bought by Korea Investment CORP

Key Points

• Korea Investment CORP raised its stake in Genuine Parts by 15% to 85,220 shares (about $11.8 million), leaving the firm with roughly 0.06% ownership at quarter end.
• Genuine Parts missed quarterly EPS with $1.55 vs. $1.79 expected and revenue of $6.01B vs. $6.06B, while management set FY2026 guidance of $7.50–$8.00 per share (analysts average ~7.9).
• The company increased its quarterly dividend to $1.0625 (annualized $4.25, ~3.9% yield) with an ex-dividend date of March 6, although the reported payout ratio is unusually high at 923.91%.

Korea Investment CORP raised its holdings in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 15.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,220 shares of the specialty retailer's stock after purchasing an additional 11,136 shares during the period. Korea Investment CORP owned 0.06% of Genuine Parts worth $11,811,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Peoples Financial Services CORP. purchased a new position in Genuine Parts during the 3rd quarter worth $29,000. CYBER HORNET ETFs LLC acquired a new stake in Genuine Parts in the second quarter worth about $44,000. Deseret Mutual Benefit Administrators grew its stake in shares of Genuine Parts by 40.0% during the third quarter. Deseret Mutual Benefit Administrators now owns 350 shares of the specialty retailer's stock worth $49,000 after acquiring an additional 100 shares during the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Genuine Parts in the 3rd quarter valued at approximately $52,000. Finally, Investors Research Corp boosted its stake in Genuine Parts by 36.1% in the 3rd quarter. Investors Research Corp now owns 396 shares of the specialty retailer's stock worth $55,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company's stock.

Genuine Parts Stock Performance

NYSE GPC opened at $109.24 on Thursday. The stock has a 50-day simple moving average of $130.23 and a two-hundred day simple moving average of $131.48. The firm has a market capitalization of $15.20 billion, a P/E ratio of 237.47 and a beta of 0.75. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week high of $151.57. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.46 and a current ratio of 1.08.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.24). The company had revenue of $6.01 billion during the quarter, compared to analysts' expectations of $6.06 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.27%.The firm's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.61 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities analysts forecast that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a dividend of $1.0625 per share. This is a positive change from Genuine Parts's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Friday, March 6th. This represents a $4.25 annualized dividend and a dividend yield of 3.9%. Genuine Parts's payout ratio is presently 923.91%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GPC. Weiss Ratings reissued a "hold (c-)" rating on shares of Genuine Parts in a research report on Monday, December 29th. Raymond James Financial raised Genuine Parts from a "market perform" rating to a "strong-buy" rating and set a $145.00 target price on the stock in a research report on Tuesday, February 24th. UBS Group lowered their price target on Genuine Parts from $150.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, February 18th. Evercore set a $160.00 price objective on Genuine Parts in a report on Friday, February 20th. Finally, The Goldman Sachs Group upgraded Genuine Parts from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $130.00 to $142.00 in a research note on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $145.57.

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.

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