Wealthfront Advisers LLC Acquires New Stake in Genuine Parts Company $GPC

Wealthfront Advisers LLC acquired a new stake in Genuine Parts Company (NYSE:GPC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,071 shares of the specialty retailer’s stock, valued at approximately $834,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First National Bank of Omaha bought a new position in shares of Genuine Parts in the second quarter worth about $5,077,000. Fidelity National Financial Inc. bought a new stake in Genuine Parts during the 2nd quarter valued at about $22,334,000. Equity Investment Corp bought a new stake in Genuine Parts during the 2nd quarter valued at about $114,922,000. Meeder Advisory Services Inc. purchased a new stake in Genuine Parts in the 2nd quarter valued at about $882,000. Finally, Tiemann Investment Advisors LLC purchased a new stake in Genuine Parts in the 2nd quarter valued at about $261,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Performance

Shares of GPC stock opened at $134.03 on Friday. The firm has a market cap of $18.48 billion, a price-to-earnings ratio of 536.12 and a beta of 0.63. The company’s 50 day moving average is $124.05 and its 200 day moving average is $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 Company has a 52-week low of $90.78 and a 52-week high of $151.57.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the previous year, the company posted $2.10 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. 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 7.73 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, September 4th. Genuine Parts’s dividend payout ratio (DPR) is presently 1,700.00%.

Wall Street Analysts Forecast Growth

GPC has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. UBS Group reiterated a “neutral” rating and issued a $122.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson increased their price objective on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Truist Financial raised 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, Raymond James Financial reaffirmed a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.