Manning & Napier Advisors LLC Invests $753,000 in Genuine Parts Company $GPC

Manning & Napier Advisors LLC acquired a new position in shares of Genuine Parts Company (NYSE:GPC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,383 shares of the specialty retailer’s stock, valued at approximately $753,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GPC. Marathon Partners Equity Management LLC bought a new stake in Genuine Parts in the 2nd quarter valued at approximately $3,244,000. Cullen Capital Management LLC bought a new position in shares of Genuine Parts during the 2nd quarter worth approximately $166,471,000. Cibc World Market Inc. bought a new position in shares of Genuine Parts during the 2nd quarter worth approximately $2,610,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Genuine Parts in the second quarter valued at approximately $873,000. Finally, Osmosis Investment Management UK Ltd acquired a new stake in shares of Genuine Parts in the second quarter valued at approximately $262,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Stock Up 1.8%

Genuine Parts stock opened at $138.09 on Wednesday. The firm has a market capitalization of $19.04 billion, a PE ratio of 552.34 and a beta of 0.63. The company’s 50-day moving average is $125.29 and its 200-day moving average is $115.03. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The company had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same period in the prior year, the firm earned $2.10 EPS. Genuine Parts’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. Sell-side analysts anticipate that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders 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 3.1%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts’s dividend payout ratio (DPR) is presently 1,700.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GPC shares. UBS Group restated a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Raymond James Financial reissued a “strong-buy” rating and set a $165.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, Evercore restated an “outperform” rating on shares of Genuine Parts in a research note 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 issued a Hold rating to the stock. According to MarketBeat, Genuine Parts has an average rating of “Moderate Buy” and an average 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.