Public Employees Retirement System of Ohio Purchases New Position in Genuine Parts Company $GPC

Key Points

• Public Employees Retirement System of Ohio acquired 39,163 shares of Genuine Parts in the second quarter, valued at approximately $4.62 million. Institutional investors collectively own 78.83% of the company’s outstanding stock.
• Genuine Parts reported quarterly earnings of $2.15 per share and revenue of $6.54 billion, exceeding analyst expectations, while revenue increased 6% year over year. The company reaffirmed fiscal 2026 EPS guidance of $7.50–$8.00.
• The company declared a quarterly dividend of $1.0625 per share, representing an annualized payout of $4.25 and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $147.86.

Public Employees Retirement System of Ohio acquired a new stake in Genuine Parts Company (NYSE:GPC - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 39,163 shares of the specialty retailer's stock, valued at approximately $4,620,000.

Several other institutional investors have also added to or reduced their stakes in GPC. Redwood Investment Management LLC purchased a new position in shares of Genuine Parts in the second quarter worth $967,000. Parvin Asset Management LLC bought a new stake in Genuine Parts in the 2nd quarter worth about $209,000. Stonebridge Capital Management Inc. bought a new stake in Genuine Parts in the 2nd quarter worth about $18,864,000. Transamerica Financial Advisors LLC purchased a new position in Genuine Parts in the 2nd quarter worth about $272,000. Finally, Corient Private Wealth LP bought a new position in Genuine Parts during the 2nd quarter valued at about $3,903,000. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Genuine Parts Trading Up 1.7%

Genuine Parts stock opened at $137.18 on Thursday. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The company has a market cap of $18.91 billion, a P/E ratio of 548.72, a P/E/G ratio of 2.49 and a beta of 0.64. 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 business has a 50-day simple moving average of $128.78 and a two-hundred day simple moving average of $114.60.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $6.54 billion for the quarter, compared to analysts' expectations of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts predict that Genuine Parts Company will post 7.73 EPS for the current 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 paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, September 4th. Genuine Parts's dividend payout ratio (DPR) is currently 1,700.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of Genuine Parts from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. Raymond James Financial reissued a "strong-buy" rating and set a $165.00 price objective 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. Evercore reaffirmed an "outperform" rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, DA Davidson increased their price target on Genuine Parts from $150.00 to $170.00 and gave the company a "buy" rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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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