Pzena Investment Management LLC Invests $69.84 Million in Genuine Parts Company $GPC

Key Points

• Pzena Investment Management acquired 591,970 Genuine Parts shares worth approximately $69.84 million, while institutional investors collectively own 78.83% of the company.
• Genuine Parts exceeded quarterly expectations with $2.15 in EPS and $6.54 billion in revenue, up 6% year over year; full-year EPS guidance is $7.50–$8.00.
• The company declared a quarterly dividend of $1.0625, equivalent to $4.25 annually and a 3.2% yield. Analysts maintain a “Moderate Buy” consensus with a $147.86 price target.

Pzena Investment Management LLC purchased a new position in shares of Genuine Parts Company (NYSE:GPC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 591,970 shares of the specialty retailer's stock, valued at approximately $69,841,000. Pzena Investment Management LLC owned approximately 0.43% of Genuine Parts as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GPC. Citizens Financial Group Inc. RI acquired a new position in Genuine Parts during the 2nd quarter worth approximately $597,000. Aegis Wealth Management LLC acquired a new stake in shares of Genuine Parts in the 2nd quarter valued at approximately $355,000. Grandfield & Dodd LLC acquired a new stake in shares of Genuine Parts in the 2nd quarter valued at approximately $200,000. BlackRock Inc. purchased a new stake in shares of Genuine Parts in the second quarter valued at approximately $1,574,910,000. Finally, Pallas Capital Advisors LLC acquired a new position in Genuine Parts during the second quarter worth $565,000. Institutional investors and hedge funds own 78.83% of the company's stock.

Genuine Parts Trading Down 1.6%

NYSE:GPC opened at $132.88 on Tuesday. The company has a market capitalization of $18.32 billion, a PE ratio of 531.52 and a beta of 0.62. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The stock has a fifty day simple moving average of $121.46 and a 200-day simple moving average of $115.33.

Genuine Parts (NYSE:GPC - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.08 by $0.07. The business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities research analysts expect 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. Shareholders of record on Friday, September 4th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts's dividend payout ratio is 1,700.00%.

Wall Street Analyst Weigh In

GPC has been the subject of several research analyst reports. Evercore reiterated an "outperform" rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Zacks Research upgraded shares of Genuine Parts from a "strong sell" rating to a "hold" rating in a research report on Monday, May 25th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Truist Financial increased their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the company a "hold" rating in a report on Wednesday, July 22nd. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. One investment 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 company's stock. According to data from MarketBeat.com, the stock has a consensus 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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