Genuine Parts Company $GPC Shares Sold by Moore Capital Management LP

Key Points

• Moore Capital Management cut its Genuine Parts stake by 48.7% in the second quarter, selling 132,223 shares and retaining 139,385 shares valued at approximately $16.4 million. Institutional investors and hedge funds own 78.83% of the company.
• Genuine Parts exceeded quarterly expectations, reporting $2.15 in adjusted EPS versus the $2.08 consensus and $6.54 billion in revenue, up 6% year over year. The company maintained fiscal 2026 EPS guidance of $7.50–$8.00.
• The company announced a quarterly dividend of $1.0625 per share, equivalent to $4.25 annually and a 3.1% yield. Analysts hold a consensus “Moderate Buy” rating with an average price target of $147.86.

Moore Capital Management LP cut its position in Genuine Parts Company (NYSE:GPC - Free Report) by 48.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,385 shares of the specialty retailer's stock after selling 132,223 shares during the period. Moore Capital Management LP owned 0.10% of Genuine Parts worth $16,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of GPC. Strive Financial Group LLC acquired a new position in Genuine Parts in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new stake in Genuine Parts during the fourth quarter worth approximately $31,000. Elyxium Wealth LLC acquired a new stake in Genuine Parts during the fourth quarter worth approximately $33,000. Elevation Wealth Partners LLC lifted its position in shares of Genuine Parts by 510.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer's stock worth $33,000 after buying an additional 235 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Genuine Parts by 6,225.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer's stock worth $35,000 after buying an additional 249 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Price Performance

Shares of GPC opened at $137.32 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. The stock's 50 day moving average is $127.07 and its two-hundred day moving average is $114.84. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. The firm has a market capitalization of $18.93 billion, a PE ratio of 549.28 and a beta of 0.63.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its 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. The company had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business's revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts anticipate that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a dividend of $1.0625 per share. The ex-dividend date is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a yield of 3.1%. Genuine Parts's payout ratio is presently 1,700.00%.

Analysts Set New Price Targets

A number of research firms recently commented on GPC. Evercore reaffirmed an "outperform" rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Truist Financial boosted their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the company a "hold" rating in a research report on Wednesday, July 22nd. Weiss Ratings restated a "hold (c-)" rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Zacks Research raised Genuine Parts from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. Finally, UBS Group reiterated a "neutral" rating and set a $122.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Genuine Parts presently has a consensus rating of "Moderate Buy" and an average target price of $147.86.

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.

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