Genuine Parts Company $GPC Shares Purchased by Interval Partners LP

Interval Partners LP increased its stake in shares of Genuine Parts Company (NYSE:GPC) by 422.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 932,596 shares of the specialty retailer’s stock after buying an additional 754,117 shares during the quarter. Genuine Parts comprises 2.1% of Interval Partners LP’s holdings, making the stock its 6th largest position. Interval Partners LP owned 0.67% of Genuine Parts worth $129,258,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Genuine Parts by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock valued at $2,111,000 after acquiring an additional 671 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Genuine Parts by 40.7% in the first quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock valued at $1,399,000 after purchasing an additional 3,396 shares during the period. Penserra Capital Management LLC increased its position in Genuine Parts by 12.2% during the second quarter. Penserra Capital Management LLC now owns 747 shares of the specialty retailer’s stock worth $90,000 after purchasing an additional 81 shares during the last quarter. Allworth Financial LP increased its position in Genuine Parts by 21.8% during the second quarter. Allworth Financial LP now owns 4,434 shares of the specialty retailer’s stock worth $538,000 after purchasing an additional 793 shares during the last quarter. Finally, Vise Technologies Inc. purchased a new position in Genuine Parts during the second quarter worth about $897,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Stock Down 1.2%

NYSE:GPC opened at $105.68 on Friday. Genuine Parts Company has a 52 week low of $104.01 and a 52 week high of $151.57. The stock’s fifty day moving average is $129.54 and its two-hundred day moving average is $131.07. The stock has a market capitalization of $14.70 billion, a price-to-earnings ratio of 229.74 and a beta of 0.75. The company has a quick ratio of 0.46, a current ratio of 1.08 and a debt-to-equity ratio of 0.79.

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 analysts’ consensus estimates of $1.79 by ($0.24). Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same period in the previous year, the firm posted $1.61 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts anticipate that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

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

Analyst Ratings Changes

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

About Genuine Parts

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.