Hsbc Holdings PLC Buys Shares of 510,305 Genuine Parts Company $GPC

Hsbc Holdings PLC purchased a new position in shares of Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 510,305 shares of the specialty retailer’s stock, valued at approximately $60,090,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Strive Financial Group LLC acquired a new position in shares of Genuine Parts in the 4th quarter valued at $25,000. Motiv8 Investments LLC acquired a new stake in shares of Genuine Parts during the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd increased its holdings in Genuine Parts by 6,225.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 249 shares during the last quarter. Elyxium Wealth LLC bought a new stake in Genuine Parts in the fourth quarter valued at about $33,000. Finally, Elevation Wealth Partners LLC lifted its stake in Genuine Parts by 510.9% in the second quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 235 shares during the period. 78.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GPC. Raymond James Financial restated a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Truist Financial upped their price target on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. DA Davidson lifted their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, UBS Group restated a “neutral” rating and set a $122.00 price objective on shares of Genuine Parts in a 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Price Performance

Shares of GPC opened at $139.37 on Thursday. 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 Company has a 52-week low of $90.78 and a 52-week high of $151.57. The stock has a 50 day simple moving average of $125.95 and a 200 day simple moving average of $114.99. The firm has a market capitalization of $19.21 billion, a PE ratio of 557.48 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data 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. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The company had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the prior year, the firm earned $2.10 earnings per share. The firm’s revenue 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. Sell-side analysts predict that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders 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 3.0%. The ex-dividend date is Friday, September 4th. Genuine Parts’s dividend 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.