Daiichi Life Insurance Co. Ltd. Takes Position in Genuine Parts Company $GPC

Daiichi Life Insurance Co. Ltd. bought a new position in shares of Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,875 shares of the specialty retailer’s stock, valued at approximately $457,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GPC. Vanguard Group Inc. raised its position in Genuine Parts by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer’s stock worth $2,155,975,000 after acquiring an additional 167,981 shares during the period. BlackRock Inc. bought a new position in shares of Genuine Parts during the 2nd quarter valued at approximately $1,574,910,000. State Street Corp increased its stake in shares of Genuine Parts by 1.4% during the 4th quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer’s stock worth $940,940,000 after purchasing an additional 107,440 shares during the last quarter. Barclays PLC raised its holdings in shares of Genuine Parts by 10.6% in the 4th quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock worth $479,711,000 after purchasing an additional 373,065 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Genuine Parts by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock worth $462,772,000 after purchasing an additional 64,676 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Trading Up 1.3%

Shares of GPC opened at $135.71 on Tuesday. The firm’s 50 day simple moving average is $124.67 and its 200 day simple moving average is $115.10. The company has a market capitalization of $18.71 billion, a P/E ratio of 542.84 and a beta of 0.63. 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 Company has a 1-year low of $90.78 and a 1-year high of $151.57.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, topping 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 net margin of 0.13% and a return on equity of 22.59%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts forecast that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The firm 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 dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, September 4th. Genuine Parts’s payout ratio is currently 1,700.00%.

Analyst Upgrades and Downgrades

GPC has been the subject of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Evercore restated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. DA Davidson upped their price target on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. UBS Group reiterated a “neutral” rating and set a $122.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, Truist Financial boosted their price objective on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.