OVERSEA CHINESE BANKING Corp Ltd Purchases Shares of 6,184 Genuine Parts Company $GPC

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Genuine Parts Company (NYSE:GPC) in the second quarter, Holdings Channel.com reports. The firm purchased 6,184 shares of the specialty retailer’s stock, valued at approximately $730,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strive Financial Group LLC acquired a new stake in shares of Genuine Parts during the 4th quarter worth about $25,000. WPG Advisers LLC boosted its holdings in Genuine Parts by 213.0% in the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 164 shares in the last quarter. Motiv8 Investments LLC acquired a new position in Genuine Parts in the fourth quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd increased its stake in Genuine Parts by 6,225.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 249 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new position in Genuine Parts in the fourth quarter valued at approximately $33,000. 78.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on GPC shares. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Raymond James Financial reiterated a “strong-buy” rating and set a $165.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, DA Davidson upped their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Genuine Parts currently has a consensus rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Stock Performance

NYSE GPC opened at $134.03 on Friday. The firm has a market cap of $18.48 billion, a P/E ratio of 536.12 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. The business’s 50-day moving average price is $124.05 and its 200 day moving average price is $115.34. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88.

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

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. Genuine Parts’s dividend payout ratio (DPR) is currently 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.