Flputnam Investment Management Co. Acquires New Stake in Genuine Parts Company $GPC

Flputnam Investment Management Co. purchased a new position in Genuine Parts Company (NYSE:GPC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,800 shares of the specialty retailer’s stock, valued at approximately $920,000.

A number of other large investors have also recently made changes to their positions in GPC. Global Retirement Partners LLC bought a new position in shares of Genuine Parts during the second quarter worth $1,904,000. Bank of New York Mellon Corp purchased a new position in Genuine Parts in the second quarter worth about $92,925,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Genuine Parts during the 2nd quarter valued at approximately $209,000. Orca Investment Management LLC bought a new position in Genuine Parts during the second quarter valued at $332,000. Finally, Clearstead Trust LLC bought a new position in Genuine Parts during the 2nd quarter valued at about $48,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Price Performance

NYSE:GPC opened at $132.88 on Tuesday. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57. The stock has a market cap of $18.32 billion, a PE ratio of 531.52 and a beta of 0.62. The stock has a 50 day moving average price of $121.46 and a 200 day moving average price of $115.33. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating the consensus estimate of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The firm had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the previous year, the company earned $2.10 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts expect that Genuine Parts Company will post 7.73 EPS for the current fiscal 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. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, September 4th. Genuine Parts’s dividend payout ratio (DPR) is presently 1,700.00%.

Wall Street Analyst Weigh In

GPC has been the topic of a number of research reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Truist Financial boosted their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, DA Davidson lifted their price target on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Genuine Parts currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.86.

About Genuine Parts

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.