Longfellow Investment Management Co. LLC Invests $485,000 in Genuine Parts Company $GPC

Longfellow Investment Management Co. LLC acquired a new position in shares of Genuine Parts Company (NYSE:GPC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,113 shares of the specialty retailer’s stock, valued at approximately $485,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Flputnam Investment Management Co. bought a new position in shares of Genuine Parts in the 2nd quarter valued at about $920,000. Global Retirement Partners LLC acquired a new stake in shares of Genuine Parts in the second quarter valued at approximately $1,904,000. Bank of New York Mellon Corp bought a new position in shares of Genuine Parts during the 2nd quarter worth approximately $92,925,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Genuine Parts during the 2nd quarter worth approximately $209,000. Finally, Orca Investment Management LLC bought a new stake in Genuine Parts in the 2nd quarter valued at $332,000. 78.83% of the stock is owned by institutional investors.

Genuine Parts Stock Performance

GPC opened at $134.98 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The business has a fifty day simple moving average of $120.75 and a 200 day simple moving average of $115.38. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The company has a market capitalization of $18.61 billion, a PE ratio of 539.93 and a beta of 0.62.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data 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 firm had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts expect that Genuine Parts Company will post 7.73 EPS for the current year.

Genuine Parts Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a yield of 3.1%. Genuine Parts’s payout ratio is currently 1,700.00%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GPC shares. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson upped their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 3rd. 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 reaffirmed a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. One 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.86.

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.