LongView Wealth Management Buys 9,271 Shares of Genuine Parts Company $GPC

LongView Wealth Management boosted its stake in shares of Genuine Parts Company (NYSE:GPC) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,594 shares of the specialty retailer’s stock after purchasing an additional 9,271 shares during the period. Genuine Parts accounts for about 2.2% of LongView Wealth Management’s investment portfolio, making the stock its 9th biggest holding. LongView Wealth Management’s holdings in Genuine Parts were worth $8,992,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Genuine Parts by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,365,970 shares of the specialty retailer’s stock valued at $2,406,923,000 after buying an additional 56,792 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Genuine Parts in the third quarter valued at $4,213,000. Dana Investment Advisors Inc. increased its holdings in Genuine Parts by 15.8% during the third quarter. Dana Investment Advisors Inc. now owns 84,427 shares of the specialty retailer’s stock worth $11,702,000 after buying an additional 11,539 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Genuine Parts by 4.1% during the third quarter. Envestnet Asset Management Inc. now owns 549,830 shares of the specialty retailer’s stock worth $76,206,000 after buying an additional 21,820 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in Genuine Parts by 169.1% during the third quarter. Intech Investment Management LLC now owns 26,733 shares of the specialty retailer’s stock worth $3,705,000 after acquiring an additional 16,797 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GPC has been the subject of a number of recent analyst reports. Evercore set a $160.00 price target on shares of Genuine Parts in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, December 29th. UBS Group cut their target price on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Truist Financial set a $127.00 price target on Genuine Parts and gave the stock a “hold” rating in a report on Wednesday, February 18th. Finally, Raymond James Financial raised Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price target on the stock in a research report on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Genuine Parts currently has an average rating of “Moderate Buy” and an average target price of $145.57.

Genuine Parts Trading Up 0.1%

GPC stock opened at $105.24 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.08 and a quick ratio of 0.46. The company has a fifty day moving average price of $124.75 and a two-hundred day moving average price of $128.76. Genuine Parts Company has a one year low of $96.08 and a one year high of $151.57. The stock has a market cap of $14.64 billion, a price-to-earnings ratio of 228.78 and a beta of 0.75.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.24). The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate 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 in the previous year, the company earned $1.61 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts anticipate that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a $1.0625 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $4.25 annualized dividend and a yield of 4.0%. This is an increase from Genuine Parts’s previous quarterly dividend of $1.03. Genuine Parts’s payout ratio is currently 923.91%.

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.