Nykredit A S Invests $4.82 Million in Genuine Parts Company $GPC

Key Points

• Nykredit A/S purchased 40,859 shares of Genuine Parts Company in the second quarter, worth approximately $4.82 million. Institutional investors collectively own 78.83% of the company.
• Genuine Parts reported quarterly EPS of $2.15, exceeding estimates of $2.08, while revenue rose 6% year over year to $6.54 billion. The company reaffirmed 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 3.4% yield. Analysts have a consensus “Moderate Buy” rating and an average price target of $147.86.

Nykredit A S purchased a new stake in Genuine Parts Company (NYSE:GPC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,859 shares of the specialty retailer's stock, valued at approximately $4,821,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Parkside Financial Bank & Trust lifted its holdings in Genuine Parts by 14.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,459 shares of the specialty retailer's stock worth $290,000 after purchasing an additional 308 shares during the last quarter. Studio Investment Management LLC bought a new stake in shares of Genuine Parts in the 2nd quarter valued at approximately $638,000. Saudi Central Bank raised its stake in Genuine Parts by 89.6% during the second quarter. Saudi Central Bank now owns 9,738 shares of the specialty retailer's stock worth $1,149,000 after acquiring an additional 4,603 shares in the last quarter. Compass Financial Management LLC acquired a new stake in shares of Genuine Parts during the second quarter worth approximately $66,000. Finally, NBH Bank bought a new position in shares of Genuine Parts in the second quarter valued at about $315,000. Hedge funds and other institutional investors own 78.83% of the company's stock.

Genuine Parts Price Performance

Shares of NYSE GPC opened at $126.44 on Tuesday. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The business has a fifty day moving average price of $131.31 and a two-hundred day moving average price of $115.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The stock has a market capitalization of $17.43 billion, a PE ratio of 505.76, a P/E/G ratio of 2.37 and a beta of 0.64.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $6.43 billion. During the same period last year, the firm posted $2.10 earnings per share. The firm's quarterly 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. As a group, equities analysts predict that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The firm 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 dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, September 4th. Genuine Parts's payout ratio is 1,700.00%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Evercore restated an "outperform" rating on shares of Genuine Parts in a research 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 note on Wednesday, July 22nd. Zacks Research upgraded shares of Genuine Parts from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. Truist Financial increased their price objective on Genuine Parts from $124.00 to $126.00 and gave the stock a "hold" rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Genuine Parts in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Genuine Parts has a consensus rating of "Moderate Buy" and a consensus price target of $147.86.

Genuine Parts Company Profile

Genuine Parts Company NYSE: GPC is a global distributor of automotive and industrial replacement parts. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional customers, businesses and consumers through a broad network of distribution centers, stores and service locations.

Through its automotive parts operations, including the NAPA brand in North America and other regional businesses, Genuine Parts distributes replacement parts, accessories, tools and equipment for cars, trucks and other vehicles.

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.