Meeder Advisory Services Inc. Makes New $882,000 Investment in Genuine Parts Company $GPC

Key Points

• Meeder Advisory Services purchased 7,472 shares of Genuine Parts valued at approximately $882,000 during the second quarter. Institutional investors collectively own 78.83% of the company.
• Genuine Parts exceeded quarterly expectations, reporting $2.15 in adjusted earnings per share and $6.54 billion in revenue, up 6% year over year. The company issued fiscal 2026 EPS guidance of $7.50 to $8.00.
• The company announced a quarterly dividend of $1.0625 per share, or $4.25 annually, representing a 3.2% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $147.86.

Meeder Advisory Services Inc. bought a new stake in shares of Genuine Parts Company (NYSE:GPC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,472 shares of the specialty retailer's stock, valued at approximately $882,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Strive Financial Group LLC purchased a new position in shares of Genuine Parts during the fourth quarter valued at approximately $25,000. WPG Advisers LLC boosted its holdings in Genuine Parts by 213.0% in the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 164 shares during the last quarter. Motiv8 Investments LLC purchased a new stake in Genuine Parts in the fourth quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd grew its position in Genuine Parts by 6,225.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 249 shares during the period. Finally, Elyxium Wealth LLC bought a new stake in Genuine Parts in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 78.83% of the company's stock.

Genuine Parts Stock Up 2.1%

Shares of GPC stock opened at $134.68 on Thursday. 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 12 month low of $90.78 and a 12 month high of $151.57. The stock has a market cap of $18.57 billion, a P/E ratio of 538.72 and a beta of 0.63. The company has a 50 day simple moving average of $122.84 and a two-hundred day simple moving average of $115.25.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $6.43 billion. During the same quarter last year, the company posted $2.10 EPS. The company's revenue was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, research analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Dividend Announcement

The business also recently announced 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 is Friday, September 4th. This represents a $4.25 annualized dividend and a yield of 3.2%. Genuine Parts's payout ratio is 1,700.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GPC shares. Raymond James Financial reissued a "strong-buy" rating and set a $165.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. Zacks Research raised Genuine Parts from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. DA Davidson upped their price objective on Genuine Parts from $150.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Truist Financial upped their price objective on Genuine Parts from $124.00 to $126.00 and gave the company a "hold" rating in a research report on Wednesday, July 22nd. Finally, Evercore reissued an "outperform" rating on shares of Genuine Parts in a report on Wednesday, July 22nd. One research 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 stock. According to data from MarketBeat, Genuine Parts currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.86.

About Genuine Parts

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.

Want to see what other hedge funds are holding GPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genuine Parts Company (NYSE:GPC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source