Public Employees Retirement System of Ohio Invests $4.62 Million in Genuine Parts Company $GPC

Public Employees Retirement System of Ohio acquired a new stake in shares of Genuine Parts Company (NYSE:GPC) during the second quarter, HoldingsChannel reports. The fund acquired 39,163 shares of the specialty retailer’s stock, valued at approximately $4,620,000.

Other hedge funds also recently made changes to their positions in the company. Strive Financial Group LLC bought a new stake in Genuine Parts during the 4th quarter worth approximately $25,000. Motiv8 Investments LLC bought a new stake in shares of Genuine Parts during the 4th quarter valued at $31,000. Elyxium Wealth LLC bought a new stake in shares of Genuine Parts during the 4th quarter valued at $33,000. Elevation Wealth Partners LLC lifted 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 valued at $33,000 after buying an additional 235 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Genuine Parts by 6,225.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 249 shares in the last quarter. 78.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GPC shares. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Truist Financial boosted their price objective on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. DA Davidson upped their price objective on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, UBS Group reissued a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $137.18 on Thursday. The firm has a market cap of $18.91 billion, a price-to-earnings ratio of 548.72, a P/E/G ratio of 2.49 and a beta of 0.64. The firm has a fifty day moving average price of $128.78 and a 200 day moving average price of $114.60. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16.

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, beating analysts’ consensus estimates of $2.08 by $0.07. The company 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%. Genuine Parts’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, sell-side analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $1.0625 per share. The ex-dividend date is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.1%. Genuine Parts’s dividend payout ratio (DPR) is presently 1,700.00%.

Genuine Parts Company 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.