Kiley Juergens Wealth Management LLC Makes New $420,000 Investment in Genuine Parts Company $GPC

Kiley Juergens Wealth Management LLC bought a new stake in shares of Genuine Parts Company (NYSE:GPC) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,968 shares of the specialty retailer’s stock, valued at approximately $420,000.

A number of other hedge funds also recently modified their holdings of GPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Genuine Parts by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock worth $2,111,000 after acquiring an additional 671 shares during the period. Woodline Partners LP lifted its position in shares of Genuine Parts by 40.7% in the first quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock worth $1,399,000 after purchasing an additional 3,396 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Genuine Parts by 15.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer’s stock worth $122,000 after purchasing an additional 137 shares during the period. Daiwa Securities Group Inc. grew its position in Genuine Parts by 5.6% during the second quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer’s stock valued at $3,027,000 after purchasing an additional 1,323 shares in the last quarter. Finally, AXA S.A. increased its stake in Genuine Parts by 37.2% in the 2nd quarter. AXA S.A. now owns 51,292 shares of the specialty retailer’s stock valued at $6,222,000 after buying an additional 13,898 shares during the period. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Insider Activity at Genuine Parts

In other news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total value of $43,296.95. Following the transaction, the insider directly owned 25,589 shares in the company, valued at approximately $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GPC. UBS Group dropped their price target on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Truist Financial lowered their price target on Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. Finally, DA Davidson lifted their target price on shares of Genuine Parts from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.50.

Genuine Parts Stock Up 0.2%

GPC opened at $128.94 on Wednesday. The firm has a market cap of $17.74 billion, a P/E ratio of 299.85 and a beta of 0.63. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09. The business has a 50 day moving average price of $105.15 and a 200 day moving average price of $115.63. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.02. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.17 billion. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.75 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts forecast that Genuine Parts Company will post 7.69 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, June 5th. Genuine Parts’s dividend payout ratio (DPR) is currently 988.37%.

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.