41,937 Shares in Genuine Parts Company $GPC Bought by True Freedom Investing LLC

True Freedom Investing LLC bought a new position in Genuine Parts Company (NYSE:GPC) during the second quarter, according to its most recent filing with the SEC. The firm bought 41,937 shares of the specialty retailer’s stock, valued at approximately $4,435,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GPC. BlackRock Inc. acquired a new position in Genuine Parts during the second quarter worth $1,574,910,000. Norges Bank acquired a new position in shares of Genuine Parts during the fourth quarter valued at about $293,471,000. Baupost Group LLC MA acquired a new position in shares of Genuine Parts during the third quarter valued at about $193,347,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Genuine Parts by 7,774.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock worth $151,854,000 after acquiring an additional 1,219,300 shares in the last quarter. Finally, Equity Investment Corp bought a new stake in shares of Genuine Parts during the second quarter worth about $114,922,000. Institutional investors own 78.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GPC shares. DA Davidson upped their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. UBS Group reissued a “neutral” rating and set a $122.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. Truist Financial raised 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. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Trading Up 0.8%

NYSE:GPC opened at $134.03 on Friday. Genuine Parts Company has a 52 week low of $90.78 and a 52 week high of $151.57. The firm has a 50-day moving average price of $124.05 and a two-hundred day moving average price of $115.34. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. The firm has a market cap of $18.48 billion, a price-to-earnings ratio of 536.12 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.07. The company had revenue of $6.54 billion during the quarter, compared to analyst estimates 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 period in the prior year, the company posted $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be issued 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 payout ratio is 1,700.00%.

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.