Trust Co. of Vermont Acquires Shares of 5,195 Genuine Parts Company $GPC

Trust Co. of Vermont purchased a new stake in Genuine Parts Company (NYSE:GPC) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 5,195 shares of the specialty retailer’s stock, valued at approximately $613,000.

A number of other large investors have also recently bought and sold shares of the business. Strive Financial Group LLC purchased a new stake in shares of Genuine Parts in the fourth quarter valued at about $25,000. WPG Advisers LLC grew its holdings in shares of Genuine Parts by 213.0% during the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after buying an additional 164 shares during the last quarter. Motiv8 Investments LLC purchased a new position in shares of Genuine Parts during the fourth quarter worth about $31,000. Elyxium Wealth LLC acquired a new position in Genuine Parts in the 4th quarter valued at about $33,000. Finally, Elevation Wealth Partners LLC raised its stake in 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 acquiring an additional 235 shares during the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Analyst Upgrades and Downgrades

GPC has been the subject of a number of recent research reports. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Raymond James Financial restated a “strong-buy” rating and set a $165.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, UBS Group reissued a “neutral” rating and issued a $122.00 price objective on shares of Genuine Parts in a research note 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 given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Trading Down 0.3%

Shares of GPC opened at $132.06 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. The firm’s 50-day moving average is $122.12 and its two-hundred day moving average is $115.28. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. The firm has a market capitalization of $18.21 billion, a P/E ratio of 528.26 and a beta of 0.62.

Genuine Parts (NYSE:GPC) last posted 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 during 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%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, research 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 $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts’s dividend payout ratio is presently 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.