Jefferies Financial Group Inc. Takes Position in Genuine Parts Company $GPC

Jefferies Financial Group Inc. acquired a new stake in Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,093 shares of the specialty retailer’s stock, valued at approximately $1,309,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Strive Financial Group LLC acquired a new position in shares of Genuine Parts during the fourth quarter worth $25,000. Motiv8 Investments LLC bought a new stake in Genuine Parts during the 4th quarter worth $31,000. Caitong International Asset Management Co. Ltd increased its holdings in Genuine Parts by 6,225.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 249 shares in the last quarter. Elyxium Wealth LLC bought a new position in Genuine Parts in the fourth quarter valued at about $33,000. Finally, Elevation Wealth Partners LLC boosted its stake in shares of Genuine Parts by 510.9% during the second quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 235 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Truist Financial upped their price target 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. Raymond James Financial reaffirmed a “strong-buy” rating and set a $165.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, DA Davidson increased their price objective on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Trading Up 0.5%

GPC opened at $137.32 on Friday. Genuine Parts Company has a twelve month low of $90.78 and a twelve month 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. The company has a fifty day moving average of $127.07 and a 200-day moving average of $115.06. The stock has a market cap of $18.93 billion, a PE ratio of 549.28 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS 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 business had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the prior year, the firm posted $2.10 earnings per share. The business’s quarterly revenue 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. On average, sell-side analysts predict that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, September 4th. Genuine Parts’s payout ratio is presently 1,700.00%.

Genuine Parts Company 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.