Tidal Investments LLC Purchases 5,101 Shares of Genuine Parts Company $GPC

Tidal Investments LLC lifted its holdings in Genuine Parts Company (NYSE:GPC) by 10.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,823 shares of the specialty retailer’s stock after buying an additional 5,101 shares during the period. Tidal Investments LLC’s holdings in Genuine Parts were worth $6,114,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. California State Teachers Retirement System boosted its position in Genuine Parts by 13,376.8% in the second quarter. California State Teachers Retirement System now owns 23,062,848 shares of the specialty retailer’s stock worth $2,720,955,000 after purchasing an additional 22,891,718 shares during the last quarter. BlackRock Inc. bought a new stake in Genuine Parts in the second quarter worth about $1,574,910,000. Norges Bank purchased a new position in Genuine Parts in the fourth quarter valued at approximately $293,471,000. Bank of America Corp DE purchased a new position in shares of Genuine Parts during the 2nd quarter valued at $201,072,000. Finally, Corient Private Wealth LP bought a new position in Genuine Parts during the second quarter worth about $3,903,000. 78.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on GPC shares. Evercore reissued an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Raymond James Financial reiterated a “strong-buy” rating and issued a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Truist Financial boosted their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. UBS Group reaffirmed a “neutral” rating and issued a $122.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One equities research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Price Performance

Genuine Parts stock opened at $134.09 on Monday. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of 536.35, a PEG ratio of 2.47 and a beta of 0.64. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88. The business has a 50-day simple moving average of $130.84 and a 200 day simple moving average of $114.99. Genuine Parts Company has a 52 week low of $90.78 and a 52 week high of $151.57.

Genuine Parts (NYSE:GPC) last issued its quarterly 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 return on equity of 22.59% and a net margin of 0.13%.The firm had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter last year, the company posted $2.10 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, research analysts forecast that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently announced 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 is Friday, September 4th. This represents a $4.25 annualized dividend and a yield of 3.2%. Genuine Parts’s payout ratio is presently 1,700.00%.

About Genuine Parts

Genuine Parts Company (NYSE:GPC) is a global distributor of automotive and industrial replacement parts. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional customers, businesses and consumers through a broad network of distribution centers, stores and service locations.

Through its automotive parts operations, including the NAPA brand in North America and other regional businesses, Genuine Parts distributes replacement parts, accessories, tools and equipment for cars, trucks and other vehicles.