Saudi Central Bank Grows Stock Position in Genuine Parts Company $GPC

Saudi Central Bank lifted its position in Genuine Parts Company (NYSE:GPC) by 89.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,738 shares of the specialty retailer’s stock after acquiring an additional 4,603 shares during the period. Saudi Central Bank’s holdings in Genuine Parts were worth $1,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. IHT Wealth Management LLC lifted its holdings in Genuine Parts by 1.8% in the 4th quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock valued at $571,000 after purchasing an additional 83 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Genuine Parts by 34.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock worth $42,000 after buying an additional 88 shares in the last quarter. Beacon Investment Advisory Services Inc. raised its position in shares of Genuine Parts by 13.8% in the second quarter. Beacon Investment Advisory Services Inc. now owns 727 shares of the specialty retailer’s stock valued at $86,000 after buying an additional 88 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ raised its position in shares of Genuine Parts by 3.8% in the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 2,413 shares of the specialty retailer’s stock valued at $297,000 after buying an additional 88 shares during the last quarter. Finally, Patron Partners LLC lifted its stake in shares of Genuine Parts by 1.7% in the fourth quarter. Patron Partners LLC now owns 5,253 shares of the specialty retailer’s stock worth $646,000 after buying an additional 89 shares in the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Genuine Parts Price Performance

NYSE:GPC opened at $134.17 on Wednesday. Genuine Parts Company has a 52 week low of $90.78 and a 52 week high of $151.57. The stock’s fifty day moving average is $130.45 and its two-hundred day moving average is $114.64. The company has a market capitalization of $18.50 billion, a P/E ratio of 536.68, a P/E/G ratio of 2.55 and a beta of 0.64. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88.

Genuine Parts (NYSE:GPC) last released its quarterly 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. The business had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts expect that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders 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 3.2%. 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 research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. UBS Group restated a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Truist Financial upped their price target on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Finally, Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. One research 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.86.

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.