J. Goldman & Co LP Takes Position in Genuine Parts Company $GPC

J. Goldman & Co LP purchased a new stake in Genuine Parts Company (NYSE:GPC) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 79,427 shares of the specialty retailer’s stock, valued at approximately $9,371,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GPC. IHT Wealth Management LLC increased its position in Genuine Parts by 1.8% in the 4th quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock valued at $571,000 after acquiring an additional 83 shares in the last quarter. Oakworth Capital Inc. lifted its position in shares of Genuine Parts by 1.9% during the fourth quarter. Oakworth Capital Inc. now owns 4,680 shares of the specialty retailer’s stock worth $575,000 after purchasing an additional 88 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Genuine Parts by 34.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 88 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its stake in shares of Genuine Parts by 13.8% during the second quarter. Beacon Investment Advisory Services Inc. now owns 727 shares of the specialty retailer’s stock valued at $86,000 after purchasing an additional 88 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ increased its holdings in shares of Genuine Parts by 3.8% in the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 2,413 shares of the specialty retailer’s stock valued at $297,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Stock Up 1.8%

Genuine Parts stock opened at $138.09 on Wednesday. The company has a 50 day moving average of $125.29 and a 200-day moving average of $115.03. 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 Company has a twelve month low of $90.78 and a twelve month high of $151.57. The stock has a market capitalization of $19.04 billion, a PE ratio of 552.34 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data 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 business had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities research analysts anticipate that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.1%. Genuine Parts’s dividend payout ratio (DPR) is presently 1,700.00%.

Wall Street Analyst Weigh In

GPC has been the topic of several research reports. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson upped their price objective on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Raymond James Financial restated a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.