7,401 Shares in Genuine Parts Company $GPC Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp acquired a new stake in shares of Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,401 shares of the specialty retailer’s stock, valued at approximately $873,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GPC. Strive Financial Group LLC purchased a new stake in shares of Genuine Parts in the 4th quarter valued at about $25,000. Motiv8 Investments LLC purchased a new position in shares of Genuine Parts during the fourth quarter worth about $31,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Genuine Parts by 6,225.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 249 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of Genuine Parts in the fourth quarter worth approximately $33,000. Finally, Elevation Wealth Partners LLC raised its stake in Genuine Parts by 510.9% in the second quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 235 shares in the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GPC. Truist Financial lifted their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Raymond James Financial restated a “strong-buy” rating and set a $165.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, UBS Group reissued a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Genuine Parts currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.86.

Genuine Parts Stock Down 2.0%

Shares of GPC opened at $136.68 on Friday. 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 stock has a 50 day simple moving average of $126.51 and a two-hundred day simple moving average of $114.90. The firm has a market cap of $18.84 billion, a P/E ratio of 546.72 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share 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 firm had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same period in the previous year, the business posted $2.10 EPS. The business’s quarterly 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, analysts forecast 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. Shareholders of record on Friday, September 4th will be paid a $1.0625 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 annualized dividend and a yield of 3.1%. Genuine Parts’s 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.