UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 133,632 Shares of Genuine Parts Company $GPC

Key Points

• UBS Asset Management reduced its Genuine Parts position by 8.4% in the second quarter, selling 133,632 shares and retaining 1.45 million shares worth approximately $171.4 million. Institutional investors collectively own 78.83% of the company.
• Analyst sentiment remains generally positive, with Genuine Parts holding a consensus “Moderate Buy” rating and an average price target of $147.86. Recent targets range from $122 to $170.
• Genuine Parts exceeded quarterly earnings and revenue expectations, reporting $2.15 in EPS on $6.54 billion in revenue, while revenue increased 6% year over year. The company also declared a quarterly dividend of $1.0625 per share, representing a 3.2% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Genuine Parts Company (NYSE:GPC - Free Report) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,452,481 shares of the specialty retailer's stock after selling 133,632 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.05% of Genuine Parts worth $171,364,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Strive Financial Group LLC bought a new stake in Genuine Parts during the 4th quarter worth approximately $25,000. Motiv8 Investments LLC bought a new position in shares of Genuine Parts in the fourth quarter worth approximately $31,000. Elyxium Wealth LLC purchased a new stake in shares of Genuine Parts in the fourth quarter worth $33,000. Elevation Wealth Partners LLC raised its position in shares of Genuine Parts by 510.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer's stock valued at $33,000 after purchasing an additional 235 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Genuine Parts by 6,225.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer's stock valued at $35,000 after buying an additional 249 shares in the last quarter. Institutional investors own 78.83% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GPC. DA Davidson upped their price objective on Genuine Parts from $150.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Evercore reissued an "outperform" rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Zacks Research upgraded Genuine Parts from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. UBS Group reaffirmed a "neutral" rating and set a $122.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Truist Financial boosted their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a "hold" rating in a report on Wednesday, July 22nd. 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $147.86.

Genuine Parts Stock Down 0.6%

Shares of NYSE GPC opened at $134.88 on Wednesday. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The firm has a 50-day simple moving average of $128.25 and a two-hundred day simple moving average of $114.66. The company has a market cap of $18.59 billion, a P/E ratio of 539.52, a PEG ratio of 2.51 and a beta of 0.64. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50.

Genuine Parts (NYSE:GPC - Get Free Report) last released its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The firm had revenue of $6.54 billion for the quarter, compared to analysts' expectations of $6.43 billion. During the same quarter in the prior year, the firm posted $2.10 earnings per share. The company's quarterly revenue was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts anticipate that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, September 4th. 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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