NewEdge Advisors LLC Has $64.44 Million Holdings in Genuine Parts Company $GPC

NewEdge Advisors LLC decreased its position in shares of Genuine Parts Company (NYSE:GPC) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 546,151 shares of the specialty retailer’s stock after selling 6,205 shares during the quarter. NewEdge Advisors LLC’s holdings in Genuine Parts were worth $64,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Strive Financial Group LLC acquired a new stake in Genuine Parts in the 4th quarter valued at $25,000. Motiv8 Investments LLC acquired a new position in Genuine Parts during the fourth quarter worth $31,000. Elyxium Wealth LLC bought a new position in shares of Genuine Parts in the fourth quarter valued at $33,000. Elevation Wealth Partners LLC lifted its stake 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 valued at $33,000 after buying an additional 235 shares in the last quarter. Finally, 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 valued at $35,000 after buying an additional 249 shares during the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GPC has been the subject of several recent research reports. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. UBS Group reissued a “neutral” rating and set a $122.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson increased their price objective on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. 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, Genuine Parts presently has an average rating of “Moderate Buy” and a consensus price target of $147.86.

Genuine Parts Trading Down 2.8%

NYSE:GPC opened at $134.17 on Wednesday. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The stock’s fifty day moving average price is $130.45 and its two-hundred day moving average price is $114.64. 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 cap of $18.50 billion, a P/E ratio of 536.68, a P/E/G ratio of 2.55 and a beta of 0.64.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating the consensus estimate 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%. Genuine Parts’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous 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 expect that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, September 4th. 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.