DMKC Advisory Services LLC Raises Stake in Genuine Parts Company $GPC

DMKC Advisory Services LLC increased its holdings in shares of Genuine Parts Company (NYSE:GPC) by 27.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,387 shares of the specialty retailer’s stock after acquiring an additional 5,758 shares during the period. DMKC Advisory Services LLC’s holdings in Genuine Parts were worth $3,113,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GPC. Vanguard Group Inc. increased its holdings in shares of Genuine Parts by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer’s stock worth $2,155,975,000 after purchasing an additional 167,981 shares in the last quarter. State Street Corp lifted its holdings in shares of Genuine Parts by 1.4% during the fourth quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer’s stock valued at $940,940,000 after purchasing an additional 107,440 shares in the last quarter. Barclays PLC lifted its holdings in shares of Genuine Parts by 10.6% during the fourth quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock valued at $479,711,000 after purchasing an additional 373,065 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Genuine Parts by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock valued at $462,772,000 after buying an additional 64,676 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Genuine Parts by 16.6% during the fourth quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer’s stock valued at $308,935,000 after buying an additional 357,979 shares during the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analysts Set New Price Targets

GPC has been the topic of several research analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Truist Financial increased their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. UBS Group restated a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. One equities research 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 stock. Based on data from MarketBeat, Genuine Parts has a consensus rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Stock Performance

Shares of NYSE GPC opened at $131.46 on Thursday. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. The firm has a market capitalization of $18.12 billion, a price-to-earnings ratio of 525.84 and a beta of 0.63. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average of $115.70 and a 200 day moving average of $115.47.

Genuine Parts (NYSE:GPC) last released 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. The business had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, research analysts anticipate that Genuine Parts Company will post 7.72 earnings per share for the current year.

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.