Kiley Juergens Wealth Management LLC Takes Position in Genuine Parts Company $GPC

Kiley Juergens Wealth Management LLC bought a new stake in Genuine Parts Company (NYSE:GPC) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 3,968 shares of the specialty retailer’s stock, valued at approximately $420,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Genuine Parts by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer’s stock valued at $2,155,975,000 after acquiring an additional 167,981 shares in the last quarter. State Street Corp increased its position in shares of Genuine Parts by 1.4% during the fourth quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer’s stock valued at $940,940,000 after purchasing an additional 107,440 shares during the period. Barclays PLC raised its stake in shares of Genuine Parts by 10.6% in the fourth quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock valued at $479,711,000 after purchasing an additional 373,065 shares in the last quarter. Geode Capital Management LLC lifted its position in Genuine Parts by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock worth $462,772,000 after purchasing an additional 64,676 shares during the period. Finally, Morgan Stanley boosted its stake in Genuine Parts by 16.6% during the fourth quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer’s stock worth $308,935,000 after buying an additional 357,979 shares in the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GPC. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. UBS Group dropped their price target on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Truist Financial decreased their price objective on Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Finally, DA Davidson upped their target price on shares of Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.50.

Genuine Parts Stock Performance

Shares of Genuine Parts stock opened at $128.94 on Wednesday. The firm has a fifty day moving average of $105.15 and a two-hundred day moving average of $115.63. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09. The stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of 299.85 and a beta of 0.63. Genuine Parts Company has a 52 week low of $90.78 and a 52 week high of $151.57.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period last year, the company earned $1.75 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities research analysts predict that Genuine Parts Company will post 7.69 EPS for the current year.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were issued a dividend of $1.0625 per share. The ex-dividend date was Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a yield of 3.3%. Genuine Parts’s dividend payout ratio (DPR) is 988.37%.

Insider Activity

In other news, insider James F. Howe sold 415 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total transaction of $43,296.95. Following the completion of the transaction, the insider directly owned 25,589 shares in the company, valued at approximately $2,669,700.37. The trade was a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.13% of the company’s stock.

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.