Kinloch Capital LLC Makes New $3.75 Million Investment in Genuine Parts Company $GPC

Kinloch Capital LLC acquired a new stake in shares of Genuine Parts Company (NYSE:GPC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,760 shares of the specialty retailer’s stock, valued at approximately $3,747,000.

Other institutional investors have also recently made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Genuine Parts by 85.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer’s stock valued at $3,200,000 after acquiring an additional 13,900 shares during the period. Montag A & Associates Inc. boosted its holdings in shares of Genuine Parts by 19.6% during the first quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer’s stock worth $6,923,000 after purchasing an additional 10,622 shares during the period. Paradiem LLC bought a new stake in shares of Genuine Parts in the first quarter worth about $3,154,000. Hsbc Holdings PLC increased its holdings in Genuine Parts by 19.5% during the 4th quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock valued at $58,887,000 after purchasing an additional 77,936 shares during the period. Finally, Conning Inc. increased its holdings in Genuine Parts by 5.7% during the 4th quarter. Conning Inc. now owns 246,390 shares of the specialty retailer’s stock valued at $30,296,000 after purchasing an additional 13,357 shares during the period. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. UBS Group restated a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Raymond James Financial reiterated a “strong-buy” rating and issued a $165.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, DA Davidson boosted their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Stock Performance

Shares of Genuine Parts stock opened at $135.71 on Tuesday. 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 $124.67 and a two-hundred day simple moving average of $115.10. The firm has a market capitalization of $18.71 billion, a P/E ratio of 542.84 and a beta of 0.63. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88.

Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.07. The firm had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities analysts forecast that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts’s dividend payout ratio is currently 1,700.00%.

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.