Jupiter Topco LLC Acquires Shares of 16,922 Genuine Parts Company $GPC

Key Points

• Jupiter Topco LLC acquired 16,922 shares of Genuine Parts, valued at approximately $2.0 million. Several other institutional investors also initiated or expanded positions, with institutions collectively owning 78.83% of the stock.
• Genuine Parts exceeded quarterly expectations, reporting $2.15 in EPS and $6.54 billion in revenue, up 6% year over year. Management provided fiscal 2026 EPS guidance of $7.50–$8.00.
• The company declared a quarterly dividend of $1.0625, equivalent to an annualized $4.25 and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $147.86.

Jupiter Topco LLC bought a new stake in shares of Genuine Parts Company (NYSE:GPC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,922 shares of the specialty retailer's stock, valued at approximately $1,997,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Genuine Parts during the second quarter valued at about $1,574,910,000. Norges Bank bought a new stake in Genuine Parts in the fourth quarter worth about $293,471,000. Cullen Capital Management LLC purchased a new position in Genuine Parts in the second quarter valued at about $166,471,000. Baupost Group LLC MA purchased a new position in Genuine Parts in the third quarter valued at about $193,347,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Genuine Parts by 7,774.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer's stock valued at $151,854,000 after acquiring an additional 1,219,300 shares during the period. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Price Performance

GPC stock opened at $137.54 on Friday. The firm has a 50 day moving average of $129.27 and a 200-day moving average of $114.53. The firm has a market capitalization of $18.96 billion, a P/E ratio of 550.16, a price-to-earnings-growth ratio of 2.53 and a beta of 0.64. Genuine Parts Company has a 12 month low of $90.78 and a 12 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.

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, topping 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 business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the prior year, the firm posted $2.10 EPS. Genuine Parts'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. As a group, sell-side analysts predict that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The company 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 $1.0625 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.1%. Genuine Parts's dividend payout ratio is presently 1,700.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GPC shares. Weiss Ratings restated a "hold (c-)" rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Zacks Research upgraded Genuine Parts from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. Evercore reissued an "outperform" rating on shares of Genuine Parts in a report on Wednesday, July 22nd. UBS Group reissued a "neutral" rating and issued a $122.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, Truist Financial boosted their target price on Genuine Parts from $124.00 to $126.00 and gave the company a "hold" rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average 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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