Kepler Cheuvreux Suisse SA purchased a new stake in Genuine Parts Company (NYSE:GPC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 39,386 shares of the specialty retailer's stock, valued at approximately $5,459,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peoples Financial Services CORP. acquired a new stake in Genuine Parts during the 3rd quarter valued at $29,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Genuine Parts in the second quarter worth $44,000. Deseret Mutual Benefit Administrators boosted its position in shares of Genuine Parts by 40.0% in the third quarter. Deseret Mutual Benefit Administrators now owns 350 shares of the specialty retailer's stock worth $49,000 after buying an additional 100 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Genuine Parts during the third quarter valued at $52,000. Finally, Investors Research Corp grew its holdings in shares of Genuine Parts by 36.1% during the third quarter. Investors Research Corp now owns 396 shares of the specialty retailer's stock valued at $55,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on GPC. Truist Financial set a $127.00 price objective on Genuine Parts and gave the stock a "hold" rating in a research note on Wednesday, February 18th. Evercore set a $160.00 price target on shares of Genuine Parts in a research report on Friday, February 20th. The Goldman Sachs Group upgraded shares of Genuine Parts from a "sell" rating to a "neutral" rating and raised their price target for the stock from $130.00 to $142.00 in a report on Thursday, November 13th. Raymond James Financial upgraded shares of Genuine Parts from a "market perform" rating to a "strong-buy" rating and set a $145.00 price objective on the stock in a research note on Tuesday, February 24th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Genuine Parts in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $145.57.
Get Our Latest Stock Analysis on Genuine Parts
Genuine Parts Stock Down 2.5%
GPC opened at $109.01 on Wednesday. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week high of $151.57. The business has a 50-day moving average of $130.50 and a 200-day moving average of $131.64. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.08 and a quick ratio of 0.46. The company has a market capitalization of $15.17 billion, a PE ratio of 236.97 and a beta of 0.75.
Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.24). Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.06 billion. During the same period in the previous year, the firm posted $1.61 EPS. The company's quarterly revenue was up 4.1% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts forecast that Genuine Parts Company will post 7.9 EPS for the current fiscal year.
Genuine Parts Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a $1.0625 dividend. This is a positive change from Genuine Parts's previous quarterly dividend of $1.03. This represents a $4.25 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, March 6th. Genuine Parts's payout ratio is presently 923.91%.
Genuine Parts Company Profile
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Free Report)
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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