Redwood Investment Management LLC Purchases Shares of 6,536 Genuine Parts Company $GPC

Redwood Investment Management LLC acquired a new position in Genuine Parts Company (NYSE:GPC) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,536 shares of the specialty retailer’s stock, valued at approximately $691,000.

Several other large investors have also bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Genuine Parts by 85.0% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer’s stock worth $3,200,000 after purchasing an additional 13,900 shares during the last quarter. Montag A & Associates Inc. raised its holdings in shares of Genuine Parts by 19.6% in the 1st quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer’s stock worth $6,923,000 after purchasing an additional 10,622 shares in the last quarter. Paradiem LLC acquired a new stake in Genuine Parts during the first quarter valued at approximately $3,154,000. Hsbc Holdings PLC lifted its stake in Genuine Parts by 19.5% during the fourth quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock valued at $58,887,000 after purchasing an additional 77,936 shares during the last quarter. Finally, Conning Inc. boosted its holdings in Genuine Parts by 5.7% during the fourth quarter. Conning Inc. now owns 246,390 shares of the specialty retailer’s stock worth $30,296,000 after buying an additional 13,357 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. UBS Group reaffirmed a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Truist Financial increased their price target on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $165.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Genuine Parts has an average rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Trading Up 3.5%

NYSE GPC opened at $128.75 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The firm’s fifty day simple moving average is $114.32 and its 200-day simple moving average is $115.51. The company has a market capitalization of $17.75 billion, a PE ratio of 514.99 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating the consensus estimate of $2.08 by $0.07. The business had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, sell-side analysts anticipate that Genuine Parts Company will post 7.72 earnings per share for the current fiscal year.

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.