PensionDanmark Pensionsforsikringsaktieselskab Buys 5,034 Shares of Genuine Parts Company $GPC

PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in Genuine Parts Company (NYSE:GPC) by 124.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,064 shares of the specialty retailer’s stock after purchasing an additional 5,034 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Genuine Parts were worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GPC. Strive Financial Group LLC bought a new position in shares of Genuine Parts in the fourth quarter worth approximately $25,000. WPG Advisers LLC increased its position in shares of Genuine Parts by 213.0% during the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 164 shares in the last quarter. Motiv8 Investments LLC purchased a new position in Genuine Parts in the 4th quarter worth approximately $31,000. Elyxium Wealth LLC purchased a new position in Genuine Parts in the 4th quarter worth approximately $33,000. Finally, Quest 10 Wealth Builders Inc. lifted its position in Genuine Parts by 426.9% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 274 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 222 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Down 1.0%

GPC stock opened at $134.28 on Tuesday. The company has a market cap of $18.51 billion, a price-to-earnings ratio of 537.12 and a beta of 0.62. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. The business’s 50-day moving average is $117.85 and its two-hundred day moving average is $115.45. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57.

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 during the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the prior year, the firm 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. As a group, analysts forecast that Genuine Parts Company will post 7.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. DA Davidson increased their target price on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Evercore reaffirmed 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. Truist Financial lifted their price objective on Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Finally, Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One 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 data from MarketBeat, the company 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.