7,472 Shares in Genuine Parts Company $GPC Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. bought a new position in shares of Genuine Parts Company (NYSE:GPC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,472 shares of the specialty retailer’s stock, valued at approximately $882,000.

Several other large investors have also added to or reduced their stakes in the company. Strive Financial Group LLC bought a new position in shares of Genuine Parts in the fourth quarter worth approximately $25,000. WPG Advisers LLC lifted its stake in shares of Genuine Parts by 213.0% during the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 164 shares in the last quarter. Motiv8 Investments LLC bought a new position in Genuine Parts in the 4th quarter worth $31,000. Elyxium Wealth LLC bought a new position in Genuine Parts in the 4th quarter worth $33,000. Finally, Elevation Wealth Partners LLC increased its stake in Genuine Parts by 510.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. DA Davidson increased their target price on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $165.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.86.

Genuine Parts Stock Performance

Shares of NYSE GPC opened at $134.68 on Thursday. 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 company has a market cap of $18.57 billion, a P/E ratio of 538.72 and a beta of 0.63. The firm’s fifty day moving average is $122.84 and its two-hundred day moving average is $115.25. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the previous year, the company earned $2.10 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, analysts anticipate that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, September 4th. Genuine Parts’s payout ratio is currently 1,700.00%.

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.