Deutsche Bank AG Takes $101.24 Million Position in Genuine Parts Company $GPC

Deutsche Bank AG purchased a new position in Genuine Parts Company (NYSE:GPC) in the 2nd quarter, HoldingsChannel reports. The fund purchased 858,109 shares of the specialty retailer’s stock, valued at approximately $101,240,000.

A number of other hedge funds also recently bought and sold shares of GPC. Strive Financial Group LLC purchased a new stake in shares of Genuine Parts during the fourth quarter valued at approximately $25,000. WPG Advisers LLC boosted its stake in Genuine Parts by 213.0% during the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 164 shares during the last quarter. Motiv8 Investments LLC bought a new stake in shares of Genuine Parts in the 4th quarter worth $31,000. Elyxium Wealth LLC purchased a new position in shares of Genuine Parts in the fourth quarter worth $33,000. Finally, Elevation Wealth Partners LLC raised 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 worth $33,000 after purchasing an additional 235 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Performance

Shares of GPC opened at $132.41 on Friday. The firm has a market capitalization of $18.25 billion, a P/E ratio of 529.64 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 one year low of $90.78 and a one year high of $151.57. The business has a fifty day moving average of $123.44 and a 200 day moving average of $115.20.

Genuine Parts (NYSE:GPC) last posted 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. The company had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.Genuine Parts’s revenue was up 6.0% on a year-over-year basis. During the same quarter 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, sell-side analysts anticipate that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given 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 dividend yield of 3.2%. Genuine Parts’s dividend payout ratio is presently 1,700.00%.

Analyst Ratings Changes

Several equities research analysts recently commented on GPC shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. 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 research note on Wednesday, July 22nd. Truist Financial raised their price target 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 lifted their price target on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.86.

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.