Cinctive Capital Management LP Invests $4.50 Million in Genuine Parts Company $GPC

Cinctive Capital Management LP bought a new stake in Genuine Parts Company (NYSE:GPC) in the third quarter, Holdings Channel reports. The institutional investor bought 32,479 shares of the specialty retailer’s stock, valued at approximately $4,502,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Community Bank N.A. bought a new stake in Genuine Parts during the 3rd quarter worth approximately $27,000. Peoples Financial Services CORP. acquired a new position in Genuine Parts in the third quarter worth $29,000. Deseret Mutual Benefit Administrators boosted its stake in Genuine Parts by 40.0% in the third quarter. Deseret Mutual Benefit Administrators now owns 350 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 100 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Genuine Parts during the second quarter worth $44,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Genuine Parts during the third quarter worth $52,000. 78.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GPC shares. UBS Group cut their price target on Genuine Parts from $150.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Evercore set a $160.00 price objective on shares of Genuine Parts in a report on Friday, February 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Monday, December 29th. Raymond James Financial raised shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 target price for the company in a research note on Tuesday, February 24th. Finally, Truist Financial set a $127.00 target price on shares of Genuine Parts and gave the stock a “hold” rating in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Genuine Parts presently has a consensus rating of “Moderate Buy” and an average target price of $145.57.

Genuine Parts Price Performance

Genuine Parts stock opened at $105.68 on Monday. The business’s 50-day simple moving average is $129.54 and its 200 day simple moving average is $130.96. The company has a quick ratio of 0.46, a current ratio of 1.08 and a debt-to-equity ratio of 0.79. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of 229.74 and a beta of 0.75. Genuine Parts Company has a 12-month low of $104.01 and a 12-month high of $151.57.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.24). Genuine Parts had a return on equity of 22.28% and a net margin of 0.27%.The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.06 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, research analysts anticipate that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a $1.0625 dividend. This is an increase from Genuine Parts’s previous quarterly dividend of $1.03. This represents a $4.25 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, March 6th. Genuine Parts’s dividend payout ratio (DPR) is currently 923.91%.

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.