Genuine Parts Company $GPC Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Genuine Parts Company (NYSE:GPC) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,365,970 shares of the specialty retailer’s stock after acquiring an additional 56,792 shares during the period. Vanguard Group Inc. owned 12.48% of Genuine Parts worth $2,406,923,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GPC. Envestnet Asset Management Inc. grew its position in Genuine Parts by 4.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 549,830 shares of the specialty retailer’s stock valued at $76,206,000 after buying an additional 21,820 shares in the last quarter. Synergy Asset Management LLC boosted its holdings in shares of Genuine Parts by 272.7% in the third quarter. Synergy Asset Management LLC now owns 108,028 shares of the specialty retailer’s stock valued at $14,706,000 after acquiring an additional 79,044 shares in the last quarter. Assetmark Inc. increased its stake in shares of Genuine Parts by 33.0% during the third quarter. Assetmark Inc. now owns 65,158 shares of the specialty retailer’s stock valued at $9,031,000 after acquiring an additional 16,156 shares during the period. Caldwell Trust Co bought a new stake in Genuine Parts during the second quarter worth approximately $3,323,000. Finally, Prudential Financial Inc. lifted its position in Genuine Parts by 5.8% in the second quarter. Prudential Financial Inc. now owns 79,557 shares of the specialty retailer’s stock worth $9,651,000 after purchasing an additional 4,374 shares during the period. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Stock Down 1.3%

Shares of NYSE:GPC opened at $119.28 on Friday. The firm has a 50 day simple moving average of $133.23 and a 200 day simple moving average of $133.46. Genuine Parts Company has a 52 week low of $104.01 and a 52 week high of $151.57. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 1.08. The company has a market cap of $16.59 billion, a PE ratio of 259.30 and a beta of 0.74.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.24). The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.06 billion. Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. Genuine Parts’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $1.61 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, research analysts expect that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a dividend of $1.0625 per share. This is an increase from Genuine Parts’s previous quarterly dividend of $1.03. This represents a $4.25 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, March 6th. Genuine Parts’s dividend payout ratio is 70.91%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research note on Monday, December 29th. Evercore set a $175.00 price target on shares of Genuine Parts in a research report on Wednesday, February 11th. Truist Financial set a $127.00 price objective on shares of Genuine Parts and gave the company a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Genuine Parts from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Finally, UBS Group decreased their price target on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Genuine Parts presently has an average rating of “Moderate Buy” and an average target price of $148.17.

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.