United Capital Financial Advisors LLC Takes $1.11 Million Position in Genuine Parts Company $GPC

United Capital Financial Advisors LLC acquired a new position in Genuine Parts Company (NYSE:GPC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,379 shares of the specialty retailer’s stock, valued at approximately $1,106,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Genuine Parts during the 2nd quarter worth about $1,574,910,000. State Street Corp raised its holdings in Genuine Parts by 1.4% during the fourth quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer’s stock worth $940,940,000 after acquiring an additional 107,440 shares in the last quarter. Barclays PLC boosted its position in Genuine Parts by 10.6% during the fourth quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock valued at $479,711,000 after purchasing an additional 373,065 shares during the last quarter. Geode Capital Management LLC grew its stake in Genuine Parts by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock valued at $462,772,000 after purchasing an additional 64,676 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Genuine Parts by 16.6% during the 4th quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer’s stock worth $308,935,000 after purchasing an additional 357,979 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

GPC has been the subject of several analyst reports. DA Davidson raised their target price 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 reiterated a “neutral” rating and issued a $122.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. Evercore reissued an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Genuine Parts currently has an average rating of “Moderate Buy” and a consensus target price of $147.86.

Genuine Parts Trading Up 0.5%

Shares of GPC stock opened at $137.32 on Friday. The stock has a market cap of $18.93 billion, a P/E ratio of 549.28 and a beta of 0.63. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. 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 stock has a 50 day simple moving average of $127.07 and a 200 day simple moving average of $115.06.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $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 declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.1%. Genuine Parts’s dividend payout ratio (DPR) is presently 1,700.00%.

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.