Kingsview Wealth Management LLC Takes $476,000 Position in Genuine Parts Company $GPC

Kingsview Wealth Management LLC bought a new stake in shares of Genuine Parts Company (NYSE:GPC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,032 shares of the specialty retailer’s stock, valued at approximately $476,000.

Several other hedge funds have also added to or reduced their stakes in the business. Strive Financial Group LLC purchased a new stake in Genuine Parts during the fourth quarter valued at about $25,000. Motiv8 Investments LLC purchased a new position in shares of Genuine Parts in the fourth quarter worth about $31,000. Elyxium Wealth LLC bought a new stake in shares of Genuine Parts in the 4th quarter valued at about $33,000. Elevation Wealth Partners LLC lifted its stake in shares of Genuine Parts by 510.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 235 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Genuine Parts by 6,225.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 249 shares during the period. 78.83% of the stock is owned by institutional investors.

Genuine Parts Stock Down 1.2%

Shares of NYSE:GPC opened at $135.80 on Tuesday. The stock’s 50-day moving average is $127.68 and its 200 day moving average is $114.77. The company has a market cap of $18.72 billion, a PE ratio of 543.20 and a beta of 0.62. 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 released its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.07. The business had revenue of $6.54 billion during 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 revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts anticipate that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Dividend Announcement

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 paid a $1.0625 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a yield of 3.1%. Genuine Parts’s dividend payout ratio (DPR) is presently 1,700.00%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Raymond James Financial reissued a “strong-buy” rating and set a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. DA Davidson lifted their target price 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, Evercore reiterated an “outperform” rating 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 issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.