Legal & General Group Plc Acquires New Shares in Genuine Parts Company $GPC

Legal & General Group Plc bought a new stake in Genuine Parts Company (NYSE:GPC) during the second quarter, Holdings Channel reports. The institutional investor bought 569,920 shares of the specialty retailer’s stock, valued at approximately $67,239,000.

Other hedge funds also recently bought and sold shares of the company. IHT Wealth Management LLC lifted its holdings 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 valued at $571,000 after buying an additional 83 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Genuine Parts by 34.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock worth $42,000 after buying an additional 88 shares during the last quarter. Beacon Investment Advisory Services Inc. increased 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 buying an additional 88 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ raised its position in Genuine Parts by 3.8% during the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 2,413 shares of the specialty retailer’s stock valued at $297,000 after acquiring an additional 88 shares in the last quarter. Finally, Patron Partners LLC lifted 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 acquiring an additional 89 shares during the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on GPC. Raymond James Financial reissued a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Evercore restated an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson lifted their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. UBS Group reiterated a “neutral” rating and issued a $122.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $147.86.

Genuine Parts Stock Up 0.5%

Genuine Parts stock opened at $137.32 on Friday. The firm has a market cap of $18.93 billion, a price-to-earnings ratio of 549.28 and a beta of 0.63. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The firm has a fifty day moving average price of $127.07 and a two-hundred day moving average price of $115.06.

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

Genuine Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a $1.0625 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a yield of 3.1%. Genuine Parts’s dividend payout ratio (DPR) is 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.