Legal & General Group Plc Makes New Investment in Genuine Parts Company $GPC

Key Points

• Legal & General Group Plc acquired 569,920 shares of Genuine Parts worth approximately $67.2 million, taking a 0.41% stake. Institutional investors collectively own 78.83% of the company, with BlackRock also establishing a significant new position.
• Genuine Parts beat quarterly expectations, reporting $2.15 in EPS on $6.54 billion in revenue, while revenue increased 6% year over year. Management issued fiscal 2026 EPS guidance of $7.50–$8.00.
• The company declared a quarterly dividend of $1.0625 per share, or $4.25 annually, representing a 3.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $147.86.

Legal & General Group Plc purchased a new stake in Genuine Parts Company (NYSE:GPC - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 569,920 shares of the specialty retailer's stock, valued at approximately $67,239,000. Legal & General Group Plc owned about 0.41% of Genuine Parts at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Genuine Parts in the second quarter worth approximately $1,574,910,000. State Street Corp boosted its stake in shares of Genuine Parts by 1.4% during the 4th quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer's stock worth $940,940,000 after acquiring an additional 107,440 shares in the last quarter. Barclays PLC boosted its stake in shares of Genuine Parts by 10.6% during the 4th quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer's stock worth $479,711,000 after acquiring an additional 373,065 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Genuine Parts by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer's stock worth $462,772,000 after acquiring an additional 64,676 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Genuine Parts by 16.6% in the 4th quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer's stock worth $308,935,000 after acquiring an additional 357,979 shares during the last quarter. Institutional investors own 78.83% of the company's stock.

Genuine Parts Trading Up 0.5%

Shares of NYSE GPC opened at $137.32 on Friday. 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 Company has a one year low of $90.78 and a one year high of $151.57. The business has a 50-day moving average price of $127.07 and a two-hundred day moving average price of $115.06. The firm has a market capitalization of $18.93 billion, a PE ratio of 549.28 and a beta of 0.63.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.07. The company had revenue of $6.54 billion for 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 firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, analysts predict that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.1%. Genuine Parts's payout ratio is presently 1,700.00%.

Analyst Upgrades and Downgrades

GPC has been the subject of several analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Genuine Parts in a report on Wednesday, June 24th. Truist Financial lifted their price target on Genuine Parts from $124.00 to $126.00 and gave the stock a "hold" rating in a research note on Wednesday, July 22nd. Raymond James Financial restated a "strong-buy" rating and set a $165.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson raised 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. Finally, 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. 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.86.

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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