Stonebridge Capital Management Inc. Takes Position in Genuine Parts Company $GPC

Stonebridge Capital Management Inc. purchased a new position in shares of Genuine Parts Company (NYSE:GPC) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 159,889 shares of the specialty retailer’s stock, valued at approximately $18,864,000. Genuine Parts accounts for about 9.1% of Stonebridge Capital Management Inc.’s holdings, making the stock its biggest position.

Several other institutional investors have also bought and sold shares of GPC. Strive Financial Group LLC purchased a new stake in Genuine Parts in the fourth quarter worth $25,000. Motiv8 Investments LLC purchased a new position in shares of Genuine Parts during the 4th quarter valued at $31,000. Elyxium Wealth LLC bought a new position in shares of Genuine Parts during the 4th quarter worth $33,000. Elevation Wealth Partners LLC grew its stake in shares of Genuine Parts by 510.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 235 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings 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 acquiring an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on GPC. Raymond James Financial reaffirmed a “strong-buy” rating and set a $165.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. UBS Group restated a “neutral” rating and set a $122.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Price Performance

GPC stock opened at $139.37 on Thursday. The firm has a 50 day moving average of $125.95 and a 200-day moving average of $114.99. The firm has a market capitalization of $19.21 billion, a P/E ratio of 557.48 and a beta of 0.63. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57. 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 (NYSE:GPC) last posted its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the prior year, the firm posted $2.10 EPS. Genuine Parts’s revenue was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, sell-side analysts predict that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid 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 yield of 3.0%. 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.