Wealthfront Advisers LLC Invests $834,000 in Genuine Parts Company $GPC

Wealthfront Advisers LLC acquired a new position in shares of Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 7,071 shares of the specialty retailer’s stock, valued at approximately $834,000.

A number of other hedge funds have also made changes to their positions in GPC. Strive Financial Group LLC purchased a new position in Genuine Parts in the 4th quarter worth approximately $25,000. WPG Advisers LLC increased its holdings in shares of 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 during the last quarter. Motiv8 Investments LLC acquired a new stake in shares of Genuine Parts in the fourth quarter valued at approximately $31,000. Elyxium Wealth LLC purchased a new position in Genuine Parts during the fourth quarter worth approximately $33,000. Finally, Elevation Wealth Partners LLC lifted its position in Genuine Parts by 510.9% during the second quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Trading Up 0.8%

GPC opened at $134.03 on Friday. Genuine Parts Company has a 52 week low of $90.78 and a 52 week high of $151.57. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $124.05 and a 200-day simple moving average of $115.34. 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 (NYSE:GPC) last announced its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, topping the consensus estimate 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 net margin of 0.13% and a return on equity of 22.59%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued a $1.0625 dividend. The ex-dividend date is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a yield of 3.2%. Genuine Parts’s dividend payout ratio (DPR) is 1,700.00%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. DA Davidson boosted their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 3rd. UBS Group reiterated a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Evercore reissued an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $165.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts 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.