Global Retirement Partners LLC Invests $1.90 Million in Genuine Parts Company $GPC

Key Points

• Global Retirement Partners acquired 16,142 shares of Genuine Parts Company valued at approximately $1.90 million, while institutional investors collectively own 78.83% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $147.86; individual ratings range from Hold to Strong Buy.
• Genuine Parts beat quarterly expectations with $2.15 in EPS and $6.54 billion in revenue, up 6% year over year, and declared a quarterly dividend of $1.0625 per share, representing a 3.1% annualized yield.

Global Retirement Partners LLC acquired a new stake in Genuine Parts Company (NYSE:GPC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,142 shares of the specialty retailer's stock, valued at approximately $1,904,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GPC. Vanguard Group Inc. increased its holdings in Genuine Parts by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer's stock worth $2,155,975,000 after purchasing an additional 167,981 shares during the period. State Street Corp boosted its stake in shares of Genuine Parts by 1.4% in the 4th quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer's stock valued at $940,940,000 after buying an additional 107,440 shares during the period. Barclays PLC grew its position in shares of Genuine Parts by 10.6% during the fourth quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer's stock worth $479,711,000 after buying an additional 373,065 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Genuine Parts by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer's stock worth $462,772,000 after buying an additional 64,676 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Genuine Parts by 16.6% during the fourth quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer's stock worth $308,935,000 after buying an additional 357,979 shares during the period. Hedge funds and other institutional investors own 78.83% of the company's stock.

Wall Street Analysts Forecast Growth

GPC has been the topic of several analyst reports. Zacks Research raised shares of Genuine Parts from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. Raymond James Financial restated a "strong-buy" rating and issued a $165.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. Evercore reaffirmed an "outperform" rating 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 research note on Wednesday, July 22nd. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Genuine Parts in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $147.86.

Genuine Parts Stock Down 0.0%

Shares of NYSE:GPC opened at $134.98 on Monday. The firm has a 50 day simple moving average of $120.75 and a 200-day simple moving average of $115.38. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. 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 company has a market capitalization of $18.61 billion, a PE ratio of 539.93 and a beta of 0.62.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $6.43 billion. During the same period last year, the firm posted $2.10 EPS. The company's revenue was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities analysts predict that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders 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 dividend yield of 3.1%. Genuine Parts's payout ratio is 1,700.00%.

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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