Corient Private Wealth LP Purchases New Stake in Genuine Parts Company $GPC

Corient Private Wealth LP acquired a new stake in shares of Genuine Parts Company (NYSE:GPC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,455,907 shares of the specialty retailer’s stock, valued at approximately $3,903,000.

Several other hedge funds also recently added to or reduced their stakes in GPC. Bank of America Corp DE bought a new stake in shares of Genuine Parts in the 2nd quarter worth about $201,072,000. Freestone Grove Partners LP bought a new position in shares of Genuine Parts during the second quarter worth about $500,000. Gallagher Fiduciary Advisors LLC bought a new position in shares of Genuine Parts during the second quarter worth about $333,000. Man Group plc acquired a new position in Genuine Parts in the second quarter worth about $13,718,000. Finally, Western Wealth Management LLC acquired a new position in Genuine Parts in the second quarter worth about $648,000. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Trading Down 1.2%

NYSE GPC opened at $135.80 on Tuesday. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57. The company has a 50-day simple moving average of $127.68 and a 200-day simple moving average of $114.77. 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 capitalization of $18.72 billion, a PE ratio of 543.20 and a beta of 0.62.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data 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 business 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities analysts forecast that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued 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 is 1,700.00%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GPC. Evercore reissued an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Truist Financial increased their target price on Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Finally, UBS Group reissued a “neutral” rating and set a $122.00 price target on shares of Genuine Parts in a research 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 issued a Hold rating to the stock. Based on data from MarketBeat, Genuine Parts currently has an average rating of “Moderate Buy” and an average target price 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.