Vise Technologies Inc. Makes New $2.16 Million Investment in Genuine Parts Company $GPC

Vise Technologies Inc. purchased a new stake in Genuine Parts Company (NYSE:GPC) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 18,313 shares of the specialty retailer’s stock, valued at approximately $2,161,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. United Asset Strategies Inc. lifted its holdings in shares of Genuine Parts by 1.6% during the 4th quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock worth $552,000 after acquiring an additional 72 shares during the period. IHT Wealth Management LLC increased its holdings in shares of Genuine Parts by 1.8% during the fourth quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock worth $571,000 after buying an additional 83 shares in the last quarter. Oakworth Capital Inc. lifted its stake in shares of Genuine Parts by 1.9% in the 4th quarter. Oakworth Capital Inc. now owns 4,680 shares of the specialty retailer’s stock valued at $575,000 after acquiring an additional 88 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Genuine Parts by 34.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 88 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. boosted its holdings in shares of Genuine Parts by 13.8% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 727 shares of the specialty retailer’s stock valued at $86,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Truist Financial upped their target price on Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Evercore reissued an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $165.00 price objective on shares of Genuine Parts 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 report on Monday, May 25th. Finally, 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 report on Monday, August 3rd. One research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Stock Up 0.8%

Shares of NYSE:GPC opened at $134.03 on Friday. The firm has a market cap of $18.48 billion, a P/E ratio of 536.12 and a beta of 0.63. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. The business has a fifty day simple moving average of $124.05 and a 200 day simple moving average of $115.34. 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 issued its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.07. The company 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 quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts predict that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a $1.0625 dividend. The ex-dividend date is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.2%. Genuine Parts’s 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.