California Public Employees Retirement System Acquires 57,694 Shares of Genuine Parts Company $GPC

California Public Employees Retirement System lifted its stake in Genuine Parts Company (NYSE:GPC) by 12.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533,603 shares of the specialty retailer’s stock after purchasing an additional 57,694 shares during the period. California Public Employees Retirement System’s holdings in Genuine Parts were worth $73,957,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quadcap Wealth Management LLC lifted its position in shares of Genuine Parts by 1.4% during the 2nd quarter. Quadcap Wealth Management LLC now owns 5,578 shares of the specialty retailer’s stock valued at $677,000 after buying an additional 75 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Genuine Parts by 25.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 399 shares of the specialty retailer’s stock worth $55,000 after acquiring an additional 82 shares in the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Genuine Parts by 0.6% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 14,806 shares of the specialty retailer’s stock worth $2,052,000 after acquiring an additional 83 shares in the last quarter. Capital Square LLC raised its stake in Genuine Parts by 2.0% during the 2nd quarter. Capital Square LLC now owns 4,442 shares of the specialty retailer’s stock worth $553,000 after acquiring an additional 85 shares during the period. Finally, Voya Financial Advisors Inc. lifted its holdings in Genuine Parts by 0.8% during the third quarter. Voya Financial Advisors Inc. now owns 11,160 shares of the specialty retailer’s stock valued at $1,554,000 after purchasing an additional 85 shares in the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GPC has been the subject of a number of recent analyst reports. Truist Financial set a $127.00 price target on shares of Genuine Parts and gave the stock a “hold” rating in a research report on Wednesday, February 18th. Raymond James Financial upgraded shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 target price on the stock in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, December 29th. 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 research note on Wednesday, February 18th. Finally, Evercore set a $160.00 price target on Genuine Parts in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.57.

Genuine Parts Stock Down 1.7%

Shares of GPC stock opened at $103.99 on Tuesday. The stock has a market cap of $14.47 billion, a P/E ratio of 226.06 and a beta of 0.75. Genuine Parts Company has a 52 week low of $103.42 and a 52 week high of $151.57. 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 company’s fifty day simple moving average is $129.15 and its two-hundred day simple moving average is $130.71.

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

Genuine Parts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a dividend of $1.0625 per share. The ex-dividend date is Friday, March 6th. This represents a $4.25 annualized dividend and a yield of 4.1%. This is a boost from Genuine Parts’s previous quarterly dividend of $1.03. Genuine Parts’s dividend payout ratio (DPR) is 923.91%.

Genuine Parts Company 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.