Birch Capital Management LLC Has $1.73 Million Holdings in Genuine Parts Company $GPC

Birch Capital Management LLC trimmed its stake in Genuine Parts Company (NYSE:GPC) by 21.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,682 shares of the specialty retailer’s stock after selling 3,967 shares during the quarter. Genuine Parts accounts for 0.9% of Birch Capital Management LLC’s portfolio, making the stock its 28th largest position. Birch Capital Management LLC’s holdings in Genuine Parts were worth $1,732,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strive Financial Group LLC bought a new stake in shares of Genuine Parts during the 4th quarter worth $25,000. Motiv8 Investments LLC bought a new stake in Genuine Parts in the fourth quarter valued at about $31,000. Elyxium Wealth LLC bought a new stake in shares of Genuine Parts in the 4th quarter valued at approximately $33,000. Elevation Wealth Partners LLC raised its stake in Genuine Parts by 510.9% during the second quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 235 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Genuine Parts by 6,225.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 249 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Stock Performance

NYSE GPC opened at $134.88 on Wednesday. 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 firm’s fifty day moving average price is $128.25 and its two-hundred day moving average price is $114.66. The firm has a market capitalization of $18.59 billion, a P/E ratio of 539.52, a price-to-earnings-growth ratio of 2.51 and a beta of 0.64. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57.

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

Genuine Parts Announces Dividend

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 3.2%. 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 Analyst Weigh In

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

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.