Studio Investment Management LLC Takes $638,000 Position in Genuine Parts Company $GPC

Studio Investment Management LLC purchased a new stake in shares of Genuine Parts Company (NYSE:GPC) in the 2nd quarter, Holdings Channel reports. The fund purchased 5,358 shares of the specialty retailer’s stock, valued at approximately $638,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Genuine Parts by 85.0% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer’s stock worth $3,200,000 after purchasing an additional 13,900 shares in the last quarter. Paradiem LLC bought a new position in shares of Genuine Parts during the first quarter valued at $3,154,000. Montag A & Associates Inc. boosted its position in shares of Genuine Parts by 19.6% during the first quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer’s stock valued at $6,923,000 after buying an additional 10,622 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Genuine Parts by 19.5% during the fourth quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock valued at $58,887,000 after buying an additional 77,936 shares during the last quarter. Finally, Conning Inc. increased its holdings in Genuine Parts by 5.7% in the 4th quarter. Conning Inc. now owns 246,390 shares of the specialty retailer’s stock worth $30,296,000 after buying an additional 13,357 shares in the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GPC has been the topic of several research analyst reports. Truist Financial upped their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Evercore reissued an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Raymond James Financial restated a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, DA Davidson lifted their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Stock Performance

Shares of GPC stock opened at $138.08 on Monday. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The firm has a fifty day moving average price of $129.71 and a 200-day moving average price of $114.46. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The company has a market cap of $19.04 billion, a price-to-earnings ratio of 552.32, a PEG ratio of 2.55 and a beta of 0.64.

Genuine Parts (NYSE:GPC) last announced its 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 company had revenue of $6.54 billion for 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 revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts predict that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.0625 dividend. 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 (DPR) is 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.