LongView Wealth Management Raises Stock Holdings in Genuine Parts Company $GPC

LongView Wealth Management raised its stake in shares of Genuine Parts Company (NYSE:GPC) by 15.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,594 shares of the specialty retailer’s stock after buying an additional 9,271 shares during the quarter. Genuine Parts comprises 2.2% of LongView Wealth Management’s portfolio, making the stock its 9th biggest position. LongView Wealth Management owned 0.05% of Genuine Parts worth $8,992,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Genuine Parts by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 17,365,970 shares of the specialty retailer’s stock worth $2,406,923,000 after buying an additional 56,792 shares during the period. Jefferies Financial Group Inc. acquired a new position in Genuine Parts in the third quarter valued at about $4,213,000. Dana Investment Advisors Inc. increased its holdings in shares of Genuine Parts by 15.8% in the third quarter. Dana Investment Advisors Inc. now owns 84,427 shares of the specialty retailer’s stock worth $11,702,000 after acquiring an additional 11,539 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Genuine Parts by 4.1% in the third quarter. Envestnet Asset Management Inc. now owns 549,830 shares of the specialty retailer’s stock worth $76,206,000 after acquiring an additional 21,820 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Genuine Parts by 169.1% during the third quarter. Intech Investment Management LLC now owns 26,733 shares of the specialty retailer’s stock worth $3,705,000 after purchasing an additional 16,797 shares during the period. 78.83% of the stock is owned by institutional investors.

Genuine Parts Stock Up 0.1%

GPC stock opened at $105.24 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.08 and a quick ratio of 0.46. The stock has a market capitalization of $14.64 billion, a P/E ratio of 228.78 and a beta of 0.75. Genuine Parts Company has a fifty-two week low of $96.08 and a fifty-two week high of $151.57. The business has a 50-day moving average of $124.75 and a 200-day moving average of $128.76.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $6.06 billion. During the same period in the prior year, the business posted $1.61 EPS. The firm’s quarterly revenue 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. On average, sell-side analysts anticipate that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors 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 is a positive change from Genuine Parts’s previous quarterly dividend of $1.03. This represents a $4.25 annualized dividend and a yield of 4.0%. Genuine Parts’s dividend payout ratio is currently 923.91%.

Analyst Ratings Changes

GPC has been the subject of several research analyst reports. Raymond James Financial upgraded Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective for the company in a research report on Tuesday, February 24th. Evercore set a $160.00 target price on shares of Genuine Parts in a report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Monday, December 29th. Truist Financial set a $127.00 price target on shares of Genuine Parts and gave the company a “hold” rating in a report on Wednesday, February 18th. Finally, UBS Group lowered their price objective on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Two 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.57.

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.