Ieq Capital LLC Buys Shares of 11,028 Genuine Parts Company $GPC

Key Points

• Ieq Capital initiated a 11,028-share stake in Genuine Parts valued at approximately $1.3 million. Institutional investors collectively own 78.83% of the company, with several major funds also recently building positions.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $147.86. Recent targets range from $122 to $170.
• Genuine Parts exceeded quarterly earnings and revenue expectations, reporting $2.15 in EPS and $6.54 billion in revenue, while declaring a quarterly dividend of $1.0625 per share, representing a 3.0% annualized yield.

Ieq Capital LLC bought a new stake in Genuine Parts Company (NYSE:GPC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,028 shares of the specialty retailer's stock, valued at approximately $1,301,000.

A number of other hedge funds have also modified their holdings of GPC. BlackRock Inc. bought a new position in shares of Genuine Parts in the second quarter valued at about $1,574,910,000. Norges Bank acquired a new position in shares of Genuine Parts in the 4th quarter valued at about $293,471,000. Baupost Group LLC MA acquired a new position in Genuine Parts during the 3rd quarter worth approximately $193,347,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Genuine Parts by 7,774.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer's stock valued at $151,854,000 after buying an additional 1,219,300 shares during the last quarter. Finally, Equity Investment Corp bought a new position in Genuine Parts in the 2nd quarter valued at $114,922,000. 78.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on GPC. UBS Group restated a "neutral" rating and set a $122.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. DA Davidson lifted their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Truist Financial upped their price objective on Genuine Parts from $124.00 to $126.00 and gave the stock a "hold" rating in a research note on Wednesday, July 22nd. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $165.00 price objective 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 assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $147.86.

Genuine Parts Stock Performance

Shares of Genuine Parts stock opened at $139.37 on Thursday. The stock has a market capitalization of $19.21 billion, a price-to-earnings ratio of 557.48 and a beta of 0.63. The business has a 50-day moving average of $125.95 and a 200 day moving average of $114.99. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57. 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 (NYSE:GPC - Get Free Report) last posted its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The business had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the previous year, the business earned $2.10 EPS. The business's quarterly 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. As a group, sell-side analysts forecast that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given 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 yield of 3.0%. 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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