Genuine Parts Company $GPC Position Lifted by Howard Capital Management LLC

Howard Capital Management LLC boosted its position in shares of Genuine Parts Company (NYSE:GPC) by 233.1% in the third quarter, Holdings Channel reports. The firm owned 51,799 shares of the specialty retailer’s stock after purchasing an additional 36,249 shares during the period. Howard Capital Management LLC’s holdings in Genuine Parts were worth $6,513,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Genuine Parts by 85.0% during the first 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 acquired a new position in shares of Genuine Parts in the 1st quarter valued at $3,154,000. Montag A & Associates Inc. increased its position in shares of Genuine Parts by 19.6% in the 1st 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 in the last quarter. Hsbc Holdings PLC increased its position in shares of Genuine Parts by 19.5% in the 4th 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 in the last quarter. Finally, Bastion Asset Management Inc. bought a new stake in shares of Genuine Parts in the 1st quarter valued at $16,978,000. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Up 0.3%

Shares of NYSE:GPC traded up $0.40 during mid-day trading on Friday, reaching $133.91. 1,254,483 shares of the stock were exchanged, compared to its average volume of 898,022. The stock’s 50 day simple moving average is $132.20 and its 200-day simple moving average is $118.41. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57. The company has a market cap of $18.46 billion, a P/E ratio of 535.65, a P/E/G ratio of 2.47 and a beta of 0.67. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88.

Genuine Parts (NYSE:GPC) last released its 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. The firm 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%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities research analysts predict that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a $1.0625 dividend. The ex-dividend date was Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.2%. Genuine Parts’s dividend payout ratio (DPR) is 1,700.00%.

Wall Street Analysts Forecast Growth

GPC has been the topic of several research analyst reports. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research note on Monday, September 21st. DA Davidson increased their price target on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Raymond James Financial restated a “strong-buy” rating and issued a $165.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Truist Financial raised their price target on Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $146.00.

About Genuine Parts

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts and industrial components. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional repair businesses, retailers, equipment manufacturers, and other commercial customers through a broad distribution and service network.

In its automotive business, Genuine Parts distributes replacement parts, accessories, tools, and equipment for cars and light trucks. Its operations include the NAPA Auto Parts brand in North America, along with automotive distribution businesses serving customers in Europe and Australasia.