Northwestern Mutual Wealth Management Co. Makes New $1.47 Million Investment in Genuine Parts Company $GPC

Key Points

• Northwestern Mutual Wealth Management purchased 12,452 shares of Genuine Parts worth approximately $1.47 million, while institutional investors collectively own 78.83% of the company.
• Analyst sentiment is moderately positive: Genuine Parts has a consensus “Moderate Buy” rating and an average price target of $147.86, with DA Davidson raising its target to $170.
• Genuine Parts exceeded quarterly earnings and revenue estimates, reporting $2.15 in EPS and $6.54 billion in revenue. The company also declared a quarterly dividend of $1.0625, representing a 3.1% annualized yield.

Northwestern Mutual Wealth Management Co. purchased a new position in Genuine Parts Company (NYSE:GPC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,452 shares of the specialty retailer's stock, valued at approximately $1,469,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strive Financial Group LLC purchased a new stake in Genuine Parts during the 4th quarter worth about $25,000. Motiv8 Investments LLC purchased a new position in Genuine Parts in the 4th quarter valued at about $31,000. Elyxium Wealth LLC acquired a new stake in shares of Genuine Parts during the 4th quarter worth about $33,000. Elevation Wealth Partners LLC boosted its stake in shares of Genuine Parts by 510.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer's stock worth $33,000 after purchasing an additional 235 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Genuine Parts by 6,225.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer's stock worth $35,000 after buying an additional 249 shares in the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GPC shares. Evercore reissued an "outperform" rating 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 research note on Monday, August 3rd. Zacks Research raised shares of Genuine Parts from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Genuine Parts in a report on Wednesday, June 24th. Finally, UBS Group reissued a "neutral" rating and set a $122.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Genuine Parts presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.86.

Genuine Parts Price Performance

Genuine Parts stock opened at $138.09 on Wednesday. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. The firm has a 50 day moving average price of $125.29 and a 200 day moving average price of $115.03. The company has a market cap of $19.04 billion, a price-to-earnings ratio of 552.34 and a beta of 0.63.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly 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. The company had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. During the same quarter last year, the firm posted $2.10 earnings per share. 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. Sell-side analysts predict that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Dividend Announcement

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

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.

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