Kinloch Capital LLC Purchases New Position in Genuine Parts Company $GPC

Kinloch Capital LLC acquired a new position in Genuine Parts Company (NYSE:GPC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 31,760 shares of the specialty retailer’s stock, valued at approximately $3,747,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strive Financial Group LLC bought a new stake in shares of Genuine Parts in the 4th quarter worth $25,000. Motiv8 Investments LLC purchased a new stake in shares of Genuine Parts during the fourth quarter valued at $31,000. Elyxium Wealth LLC bought a new stake in Genuine Parts in the 4th quarter worth about $33,000. Elevation Wealth Partners LLC raised its position in Genuine Parts by 510.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock worth $33,000 after buying an additional 235 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Genuine Parts by 6,225.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock worth $35,000 after buying an additional 249 shares during the last quarter. 78.83% of the stock is owned by institutional investors.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $135.71 on Tuesday. 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 stock has a market capitalization of $18.71 billion, a PE ratio of 542.84 and a beta of 0.63. The firm’s 50 day moving average price is $124.67 and its 200-day moving average price is $115.10. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 0.13% and a return on equity of 22.59%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts expect that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Dividend Announcement

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. This represents a $4.25 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts’s dividend payout ratio (DPR) is currently 1,700.00%.

Analysts Set New Price Targets

GPC has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. UBS Group reiterated a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, Truist Financial increased their price target on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Genuine Parts has an average rating of “Moderate Buy” and a consensus 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.