Stonebridge Capital Management Inc. Makes New $18.86 Million Investment in Genuine Parts Company $GPC

Stonebridge Capital Management Inc. acquired a new position in Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 159,889 shares of the specialty retailer’s stock, valued at approximately $18,864,000. Genuine Parts makes up approximately 9.1% of Stonebridge Capital Management Inc.’s portfolio, making the stock its largest position. Stonebridge Capital Management Inc. owned approximately 0.12% of Genuine Parts as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IHT Wealth Management LLC grew its position in shares of Genuine Parts by 1.8% during the 4th quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock worth $571,000 after buying an additional 83 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Genuine Parts by 34.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 88 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its holdings in Genuine Parts by 13.8% in the second quarter. Beacon Investment Advisory Services Inc. now owns 727 shares of the specialty retailer’s stock worth $86,000 after purchasing an additional 88 shares during the period. Lansforsakringar Fondforvaltning AB publ grew its holdings in Genuine Parts by 3.8% in the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 2,413 shares of the specialty retailer’s stock worth $297,000 after purchasing an additional 88 shares during the period. Finally, Patron Partners LLC increased its stake in Genuine Parts by 1.7% in the fourth quarter. Patron Partners LLC now owns 5,253 shares of the specialty retailer’s stock valued at $646,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Raymond James Financial reissued a “strong-buy” rating and issued a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. DA Davidson lifted their price target 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. Zacks Research upgraded shares of 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 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Truist Financial lifted their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Price Performance

GPC opened at $139.37 on Thursday. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The company has a market capitalization of $19.21 billion, a price-to-earnings ratio of 557.48 and a beta of 0.63. The firm’s fifty day moving average price is $125.95 and its two-hundred day moving average price is $114.99.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, beating 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 company had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period last year, the firm earned $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. As a group, analysts anticipate that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts’s dividend payout ratio (DPR) is presently 1,700.00%.

Genuine Parts 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.