Redwood Investment Management LLC Purchases Shares of 8,200 Genuine Parts Company $GPC

Key Points

• Redwood Investment Management acquired 8,200 shares of Genuine Parts worth approximately $967,000, 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 6.0% year over year. Full-year 2026 EPS guidance is $7.50–$8.00.
• The company declared a quarterly dividend of $1.0625, equivalent to a $4.25 annual payout and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $147.86.

Redwood Investment Management LLC acquired a new stake in shares of 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 firm acquired 8,200 shares of the specialty retailer's stock, valued at approximately $967,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Genuine Parts by 3.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer's stock valued at $2,111,000 after purchasing an additional 671 shares during the last quarter. Woodline Partners LP increased its stake in shares of Genuine Parts by 40.7% in the first quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer's stock valued at $1,399,000 after buying an additional 3,396 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Genuine Parts by 15.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer's stock valued at $122,000 after buying an additional 137 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Genuine Parts by 5.6% during the second quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer's stock worth $3,027,000 after purchasing an additional 1,323 shares in the last quarter. Finally, AXA S.A. grew its stake in shares of Genuine Parts by 37.2% during the second quarter. AXA S.A. now owns 51,292 shares of the specialty retailer's stock valued at $6,222,000 after purchasing an additional 13,898 shares during the last quarter. Institutional investors and hedge funds own 78.83% of the company's stock.

Genuine Parts Price Performance

Shares of NYSE GPC opened at $136.68 on Friday. The company has a fifty day moving average price of $126.51 and a 200 day moving average price of $114.90. The firm has a market cap of $18.84 billion, a PE ratio of 546.72 and a beta of 0.63. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57.

Genuine Parts (NYSE:GPC - Get Free Report) last posted 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 company had revenue of $6.54 billion during the quarter, compared to analysts' expectations of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.Genuine Parts's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts predict that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GPC. Raymond James Financial reaffirmed a "strong-buy" rating and set a $165.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. Truist Financial raised their price target on Genuine Parts from $124.00 to $126.00 and gave the company a "hold" rating in a report on Wednesday, July 22nd. Zacks Research raised Genuine Parts from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. DA Davidson upped their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Finally, Evercore reiterated an "outperform" rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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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