Genuine Parts Company $GPC Stake Lessened by HB Wealth Management LLC

Key Points

• HB Wealth Management cut its Genuine Parts stake by 33.2% in the second quarter, selling 26,312 shares and retaining 52,935 shares valued at approximately $6.25 million. Institutional investors collectively own 78.83% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $147.86; ratings include one Strong Buy, three Buys and five Holds.
• Genuine Parts exceeded quarterly expectations with $2.15 in earnings per share and $6.54 billion in revenue, while maintaining a quarterly dividend of $1.0625 per share, equal to a 3.1% annualized yield.

HB Wealth Management LLC lessened its holdings in Genuine Parts Company (NYSE:GPC - Free Report) by 33.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,935 shares of the specialty retailer's stock after selling 26,312 shares during the period. HB Wealth Management LLC's holdings in Genuine Parts were worth $6,245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GPC. Saudi Central Bank raised its position in Genuine Parts by 89.6% during the second quarter. Saudi Central Bank now owns 9,738 shares of the specialty retailer's stock valued at $1,149,000 after buying an additional 4,603 shares during the period. Compass Financial Management LLC acquired a new stake in Genuine Parts during the 2nd quarter worth about $66,000. NBH Bank acquired a new stake in Genuine Parts during the 2nd quarter worth about $315,000. Plan A Wealth LLC grew its stake in Genuine Parts by 22.8% during the 2nd quarter. Plan A Wealth LLC now owns 2,327 shares of the specialty retailer's stock valued at $275,000 after acquiring an additional 432 shares in the last quarter. Finally, Syon Capital LLC grew its stake in Genuine Parts by 13.9% during the 2nd quarter. Syon Capital LLC now owns 2,912 shares of the specialty retailer's stock valued at $344,000 after acquiring an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GPC. Zacks Research raised shares of Genuine Parts from a "strong sell" rating to a "hold" rating in a research report on Monday, May 25th. Evercore restated an "outperform" rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Raymond James Financial reaffirmed a "strong-buy" rating and set a $165.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Finally, Truist Financial increased 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. One research 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $147.86.

Genuine Parts Stock Performance

Shares of NYSE GPC opened at $138.08 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57. The business's 50-day moving average price is $129.71 and its two-hundred day moving average price is $114.46. The company has a market capitalization of $19.04 billion, a P/E ratio of 552.32, a price-to-earnings-growth ratio of 2.55 and a beta of 0.64.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.07. The company had revenue of $6.54 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts anticipate that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued 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 dividend yield of 3.1%. Genuine Parts's dividend payout ratio (DPR) is currently 1,700.00%.

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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