5,500 Shares in Genuine Parts Company $GPC Acquired by Kimelman & Baird LLC

Kimelman & Baird LLC bought a new stake in shares of Genuine Parts Company (NYSE:GPC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,500 shares of the specialty retailer’s stock, valued at approximately $649,000.

A number of other hedge funds also recently modified their holdings of the business. Strive Financial Group LLC purchased a new stake in Genuine Parts in the 4th quarter worth about $25,000. Motiv8 Investments LLC purchased a new position in Genuine Parts during the 4th quarter valued at about $31,000. Elyxium Wealth LLC purchased a new position in Genuine Parts during the 4th quarter valued at about $33,000. Elevation Wealth Partners LLC increased its holdings in shares of Genuine Parts by 510.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 235 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Genuine Parts by 6,225.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 249 shares during the period. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Performance

Shares of NYSE GPC opened at $137.32 on Friday. 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 market cap of $18.93 billion, a price-to-earnings ratio of 549.28 and a beta of 0.63. The business’s 50-day simple moving average is $127.07 and its 200-day simple moving average is $115.06. Genuine Parts Company has a 52 week low of $90.78 and a 52 week high of $151.57.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The firm had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same period in the previous year, the company earned $2.10 EPS. The company’s revenue for the quarter 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, equities research analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The company 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 dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts’s dividend payout ratio is currently 1,700.00%.

Analysts Set New Price Targets

Several analysts recently commented on GPC shares. Evercore restated an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson upped their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. 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. Truist Financial boosted their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Finally, Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $147.86.

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.