Korea Investment CORP Takes $11.76 Million Position in Genuine Parts Company $GPC

Korea Investment CORP purchased a new stake in shares of Genuine Parts Company (NYSE:GPC) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 99,705 shares of the specialty retailer’s stock, valued at approximately $11,763,000. Korea Investment CORP owned about 0.07% of Genuine Parts at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Genuine Parts by 85.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer’s stock valued at $3,200,000 after purchasing an additional 13,900 shares during the last quarter. Paradiem LLC bought a new stake in shares of Genuine Parts during the first quarter worth about $3,154,000. Montag A & Associates Inc. increased its stake in shares of Genuine Parts by 19.6% in the first quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer’s stock valued at $6,923,000 after buying an additional 10,622 shares during the period. Hsbc Holdings PLC increased its stake in shares of Genuine Parts by 19.5% in the fourth quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock valued at $58,887,000 after buying an additional 77,936 shares during the period. Finally, Bastion Asset Management Inc. bought a new position in Genuine Parts in the 1st quarter valued at approximately $16,978,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Stock Up 1.3%

Genuine Parts stock opened at $135.71 on Tuesday. The firm has a market cap of $18.71 billion, a price-to-earnings ratio of 542.84 and a beta of 0.63. Genuine Parts Company has a 52-week low of $90.78 and a 52-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. The firm has a 50 day moving average price of $124.67 and a two-hundred day moving average price of $115.10.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating 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 company had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period in the prior year, the firm posted $2.10 EPS. The company’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. Equities analysts predict that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on GPC. DA Davidson lifted their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $165.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Finally, UBS Group reaffirmed a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.86.

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.