DMKC Advisory Services LLC Increases Position in Genuine Parts Company $GPC

DMKC Advisory Services LLC lifted its position in shares of Genuine Parts Company (NYSE:GPC) by 27.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,387 shares of the specialty retailer’s stock after buying an additional 5,758 shares during the quarter. DMKC Advisory Services LLC’s holdings in Genuine Parts were worth $3,113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Genuine Parts in the 4th quarter worth $293,471,000. Baupost Group LLC MA purchased a new position in Genuine Parts during the third quarter worth $193,347,000. Northwestern Mutual Wealth Management Co. increased its position in Genuine Parts by 7,774.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock valued at $151,854,000 after acquiring an additional 1,219,300 shares during the last quarter. NewEdge Advisors LLC increased its position in Genuine Parts by 601.4% during the first quarter. NewEdge Advisors LLC now owns 552,356 shares of the specialty retailer’s stock valued at $58,412,000 after acquiring an additional 473,600 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Genuine Parts in the third quarter valued at $61,321,000. 78.83% of the stock is owned by institutional investors.

Genuine Parts Stock Performance

Shares of Genuine Parts stock opened at $131.46 on Thursday. The company has a market capitalization of $18.12 billion, a PE ratio of 525.84 and a beta of 0.63. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. The company has a 50-day simple moving average of $115.70 and a two-hundred day simple moving average of $115.47. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The firm had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the previous year, the business posted $2.10 EPS. Genuine Parts’s 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 expect that Genuine Parts Company will post 7.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GPC shares. Raymond James Financial restated a “strong-buy” rating and issued a $165.00 target price 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 report on Monday, May 25th. Truist Financial boosted their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. UBS Group restated a “neutral” rating and issued a $122.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. 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 company’s stock. Based on data from MarketBeat.com, Genuine Parts has an average rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Company 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.