Sanctuary Advisors LLC Buys Shares of 17,137 Genuine Parts Company $GPC

Key Points

• Sanctuary Advisors initiated a position in Genuine Parts by purchasing 17,137 shares valued at approximately $2.02 million. Institutional investors collectively own 78.83% of the company.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $147.86; targets range from $122 to $170.
• Genuine Parts exceeded quarterly earnings and revenue expectations, reporting $2.15 in EPS and $6.54 billion in revenue. The company also declared a quarterly dividend of $1.0625 per share, equating to a 3.0% annualized yield.

Sanctuary Advisors LLC purchased a new position in Genuine Parts Company (NYSE:GPC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,137 shares of the specialty retailer's stock, valued at approximately $2,022,000.

Other hedge funds have also recently made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Genuine Parts by 85.0% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer's stock worth $3,200,000 after acquiring an additional 13,900 shares during the last quarter. Montag A & Associates Inc. raised its position in shares of Genuine Parts by 19.6% in the 1st quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer's stock valued at $6,923,000 after purchasing an additional 10,622 shares during the last quarter. Paradiem LLC purchased a new position in shares of Genuine Parts in the 1st quarter valued at approximately $3,154,000. Hsbc Holdings PLC boosted its stake in Genuine Parts by 19.5% in the 4th quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer's stock worth $58,887,000 after purchasing an additional 77,936 shares in the last quarter. Finally, Conning Inc. boosted its stake in Genuine Parts by 5.7% in the 4th quarter. Conning Inc. now owns 246,390 shares of the specialty retailer's stock worth $30,296,000 after purchasing an additional 13,357 shares in the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GPC. Raymond James Financial restated a "strong-buy" rating and set a $165.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. Evercore reiterated an "outperform" rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Truist Financial boosted their price objective 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. DA Davidson upped their target price on Genuine Parts from $150.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Finally, UBS Group restated a "neutral" rating and issued a $122.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $147.86.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $139.37 on Thursday. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. The company has a market cap of $19.21 billion, a PE ratio of 557.48 and a beta of 0.63. The company's 50 day moving average is $125.95 and its 200 day moving average is $114.99.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating the consensus estimate of $2.08 by $0.07. The business had revenue of $6.54 billion during 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% compared to the same quarter last year. During the same period in the previous year, the business posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts forecast that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a dividend of $1.0625 per share. The ex-dividend date is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a yield of 3.0%. Genuine Parts's payout ratio is currently 1,700.00%.

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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