Fidelity National Financial Inc. Invests $22.33 Million in Genuine Parts Company $GPC

Fidelity National Financial Inc. purchased a new position in Genuine Parts Company (NYSE:GPC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 189,300 shares of the specialty retailer’s stock, valued at approximately $22,334,000. Genuine Parts comprises 0.7% of Fidelity National Financial Inc.’s holdings, making the stock its 7th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Strive Financial Group LLC bought a new stake in Genuine Parts in the fourth quarter worth $25,000. WPG Advisers LLC increased its holdings in shares of Genuine Parts by 213.0% during the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 164 shares in the last quarter. Motiv8 Investments LLC purchased a new position in shares of Genuine Parts in the 4th quarter worth about $31,000. Elyxium Wealth LLC purchased a new position in shares of Genuine Parts in the 4th quarter worth about $33,000. Finally, Elevation Wealth Partners LLC grew its position in Genuine Parts by 510.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GPC. Truist Financial raised their price objective 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. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $165.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Evercore reissued an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.86.

Genuine Parts Price Performance

Shares of GPC opened at $132.06 on Wednesday. The firm has a fifty day simple moving average of $122.12 and a two-hundred day simple moving average of $115.28. The firm has a market cap of $18.21 billion, a PE ratio of 528.26 and a beta of 0.62. 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.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.07. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the business posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities analysts anticipate that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, September 4th. Genuine Parts’s dividend payout ratio is 1,700.00%.

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.