Cullen Capital Management LLC Buys New Position in Genuine Parts Company $GPC

Cullen Capital Management LLC purchased a new stake in Genuine Parts Company (NYSE:GPC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,411,008 shares of the specialty retailer’s stock, valued at approximately $166,471,000. Genuine Parts comprises 1.6% of Cullen Capital Management LLC’s holdings, making the stock its 26th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Cibc World Market Inc. purchased a new stake in shares of Genuine Parts during the second quarter worth about $2,610,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Genuine Parts during the second quarter valued at about $873,000. Osmosis Investment Management UK Ltd purchased a new position in shares of Genuine Parts in the 2nd quarter valued at approximately $262,000. Sanctuary Advisors LLC purchased a new position in shares of Genuine Parts in the 2nd quarter valued at approximately $2,022,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Genuine Parts in the 2nd quarter worth approximately $18,215,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Wall Street Analyst Weigh In

GPC has been the topic of several research analyst reports. Evercore reissued an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $165.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Truist Financial boosted 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. Finally, DA Davidson upped their target price on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Price Performance

Shares of NYSE GPC opened at $135.71 on Tuesday. The business’s 50 day moving average price is $124.67 and its 200 day moving average price is $115.10. The firm has a market cap of $18.71 billion, a P/E ratio of 542.84 and a beta of 0.63. Genuine Parts Company has a 52 week low of $90.78 and a 52 week high of $151.57. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $6.43 billion. During the same quarter in the prior year, the company earned $2.10 EPS. Genuine Parts’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, sell-side analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current year.

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be paid a $1.0625 dividend. The ex-dividend date is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.1%. Genuine Parts’s dividend 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.