16,466 Shares in Genuine Parts Company $GPC Acquired by Haverford Trust Co

Haverford Trust Co bought a new position in Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,466 shares of the specialty retailer’s stock, valued at approximately $1,943,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Genuine Parts by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock valued at $2,111,000 after purchasing an additional 671 shares during the last quarter. Woodline Partners LP raised its position in Genuine Parts by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock worth $1,399,000 after purchasing an additional 3,396 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Genuine Parts by 15.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer’s stock worth $122,000 after purchasing an additional 137 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Genuine Parts by 5.6% in the second quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer’s stock worth $3,027,000 after purchasing an additional 1,323 shares during the last quarter. Finally, AXA S.A. boosted its position in Genuine Parts by 37.2% during the second quarter. AXA S.A. now owns 51,292 shares of the specialty retailer’s stock valued at $6,222,000 after buying an additional 13,898 shares during the period. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Price Performance

Shares of Genuine Parts stock opened at $134.03 on Friday. The company’s fifty day simple moving average is $124.05 and its two-hundred day simple moving average is $115.34. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. The firm has a market cap of $18.48 billion, a PE ratio of 536.12 and a beta of 0.63. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating the consensus estimate of $2.08 by $0.07. The firm 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 quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts expect that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Announces Dividend

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 given a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a yield of 3.2%. Genuine Parts’s dividend payout ratio is presently 1,700.00%.

Analyst Upgrades and Downgrades

GPC has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. DA Davidson boosted their target price on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Truist Financial increased their target price on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, UBS Group reiterated a “neutral” rating and issued a $122.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Genuine Parts presently has a consensus rating of “Moderate Buy” and a consensus target price 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.