The Manufacturers Life Insurance Company Invests $8.11 Million in Genuine Parts Company $GPC

The Manufacturers Life Insurance Company bought a new position in shares of Genuine Parts Company (NYSE:GPC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 68,777 shares of the specialty retailer’s stock, valued at approximately $8,114,000.

A number of other large investors have also recently made changes to their positions in the stock. Strive Financial Group LLC bought a new position in Genuine Parts in the 4th quarter valued at $25,000. Motiv8 Investments LLC bought a new position in shares of Genuine Parts in the fourth quarter worth $31,000. Elyxium Wealth LLC bought a new position in shares of Genuine Parts in the fourth quarter worth $33,000. Elevation Wealth Partners LLC raised its position in shares of Genuine Parts by 510.9% in the second quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Genuine Parts by 6,225.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock worth $35,000 after buying an additional 249 shares in the last quarter. 78.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GPC shares. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. UBS Group reaffirmed a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Truist Financial boosted their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $165.00 price target on shares of Genuine Parts 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Stock Down 0.1%

NYSE GPC opened at $137.32 on Monday. 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 market capitalization of $18.93 billion, a PE ratio of 549.28 and a beta of 0.63. The business’s 50-day moving average is $127.07 and its 200 day moving average is $114.84. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57.

Genuine Parts (NYSE:GPC) last announced its 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 firm had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a dividend of $1.0625 per share. 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 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.