Global Retirement Partners LLC Invests $1.90 Million in Genuine Parts Company $GPC

by · The Cerbat Gem

Global Retirement Partners LLC purchased a new stake in Genuine Parts Company (NYSE:GPC – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 16,142 shares of the specialty retailer’s stock, valued at approximately $1,904,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of GPC. Norges Bank acquired a new position in Genuine Parts in the 4th quarter valued at about $293,471,000. Baupost Group LLC MA purchased a new position in shares of Genuine Parts in the 3rd quarter valued at approximately $193,347,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Genuine Parts by 7,774.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock valued at $151,854,000 after purchasing an additional 1,219,300 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Genuine Parts in the second quarter valued at approximately $92,925,000. Finally, NewEdge Advisors LLC raised its stake in shares of Genuine Parts by 601.4% during the first quarter. NewEdge Advisors LLC now owns 552,356 shares of the specialty retailer’s stock worth $58,412,000 after purchasing an additional 473,600 shares during the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Stock Performance

NYSE:GPC opened at $134.98 on Monday. 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 fifty-two week low of $90.78 and a fifty-two week high of $151.57. The stock has a market cap of $18.61 billion, a PE ratio of 539.93 and a beta of 0.62. The firm’s fifty day simple moving average is $120.75 and its 200-day simple moving average is $115.38.

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 firm 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 revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 annualized dividend and a yield of 3.1%. Genuine Parts’s payout ratio is currently 1,700.00%.

Analyst Ratings Changes

A number of research firms recently weighed in on GPC. Truist Financial lifted their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $122.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.86.

Check Out Our Latest Report on GPC

Genuine Parts Company Profile

(Free Report)

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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