PYA Waltman Capital LLC Raises Position in Genuine Parts Company $GPC

PYA Waltman Capital LLC increased its stake in Genuine Parts Company (NYSE:GPC) by 169.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,587 shares of the specialty retailer’s stock after buying an additional 9,804 shares during the period. PYA Waltman Capital LLC’s holdings in Genuine Parts were worth $1,839,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sound Financial Strategies Group LLC raised its position in shares of Genuine Parts by 36.9% during the 2nd quarter. Sound Financial Strategies Group LLC now owns 2,669 shares of the specialty retailer’s stock valued at $315,000 after acquiring an additional 719 shares in the last quarter. Investors Research Corp boosted its holdings in Genuine Parts by 50.5% in the second quarter. Investors Research Corp now owns 596 shares of the specialty retailer’s stock worth $70,000 after purchasing an additional 200 shares during the period. Sigma Planning Corp increased its stake in Genuine Parts by 8.3% during the second quarter. Sigma Planning Corp now owns 4,695 shares of the specialty retailer’s stock valued at $554,000 after purchasing an additional 361 shares during the last quarter. Apollo Management Holdings L.P. acquired a new stake in shares of Genuine Parts during the second quarter worth $88,255,000. Finally, Greenwood Capital Associates LLC lifted its position in shares of Genuine Parts by 17.7% in the 2nd quarter. Greenwood Capital Associates LLC now owns 9,948 shares of the specialty retailer’s stock worth $1,174,000 after buying an additional 1,496 shares during the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GPC has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. UBS Group reissued a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Raymond James Financial restated a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Truist Financial increased their price target on Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. One equities research 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Stock Down 0.6%

Shares of Genuine Parts stock opened at $134.88 on Wednesday. The business’s fifty day moving average price is $128.25 and its two-hundred day moving average price is $114.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The company has a market capitalization of $18.59 billion, a P/E ratio of 539.52, a PEG ratio of 2.51 and a beta of 0.64. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57.

Genuine Parts (NYSE:GPC) last announced 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. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The company had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. The firm’s quarterly 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, research analysts forecast that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, September 4th. This represents a $4.25 annualized dividend and a yield of 3.2%. Genuine Parts’s dividend payout ratio is presently 1,700.00%.

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.