Oppenheimer Asset Management Inc. Makes New Investment in Genuine Parts Company $GPC

Key Points

• Oppenheimer Asset Management initiated a position in Genuine Parts by purchasing 172,183 shares valued at approximately $20.3 million, while institutional investors collectively own 78.83% of the company.
• Genuine Parts exceeded quarterly expectations, reporting $2.15 in EPS versus the $2.08 consensus and $6.54 billion in revenue, up 6% year over year. Management guided to fiscal 2026 EPS of $7.50–$8.00.
• The company declared a quarterly dividend of $1.0625 per share, equivalent to $4.25 annually and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $147.86.

Oppenheimer Asset Management Inc. bought a new position 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 & Exchange Commission. The institutional investor bought 172,183 shares of the specialty retailer's stock, valued at approximately $20,314,000. Oppenheimer Asset Management Inc. owned about 0.12% of Genuine Parts as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Strive Financial Group LLC acquired a new position in Genuine Parts during the 4th quarter worth about $25,000. WPG Advisers LLC grew its holdings in Genuine Parts by 213.0% during the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 164 shares during the last quarter. Motiv8 Investments LLC acquired a new stake in Genuine Parts in the 4th quarter valued at about $31,000. Caitong International Asset Management Co. Ltd increased 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 valued at $35,000 after acquiring an additional 249 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new position in shares of Genuine Parts in the fourth quarter worth about $33,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Price Performance

Shares of GPC stock opened at $134.98 on Friday. The firm has a market cap of $18.61 billion, a price-to-earnings ratio of 539.93 and a beta of 0.63. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88. The stock has a 50-day moving average price of $120.75 and a 200 day moving average price of $115.54.

Genuine Parts (NYSE:GPC - Get Free Report) last released its earnings results 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. 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%. The company's revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts expect that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts's payout ratio is 1,700.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GPC shares. Evercore reiterated 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 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. Raymond James Financial reissued a "strong-buy" rating and issued a $165.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. Weiss Ratings restated a "hold (c-)" rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, Zacks Research raised Genuine Parts from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. One equities 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 stock. Based on data from MarketBeat.com, the stock 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 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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