OVERSEA CHINESE BANKING Corp Ltd Buys New Stake in Genuine Parts Company $GPC

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Genuine Parts Company (NYSE:GPC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,184 shares of the specialty retailer’s stock, valued at approximately $730,000.

Other large investors also recently added to or reduced their stakes in the company. Strive Financial Group LLC purchased a new position in Genuine Parts during the 4th quarter valued at about $25,000. WPG Advisers LLC grew its position in Genuine Parts by 213.0% in the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 164 shares in the last quarter. Motiv8 Investments LLC purchased a new stake in Genuine Parts during the fourth quarter worth about $31,000. Caitong International Asset Management Co. Ltd increased its stake in Genuine Parts by 6,225.0% during the third 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 during the period. Finally, Elyxium Wealth LLC acquired a new stake in shares of Genuine Parts during the fourth quarter worth about $33,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GPC has been the subject of several recent research reports. Raymond James Financial reissued a “strong-buy” rating and issued a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Truist Financial upped their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. DA Davidson increased their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Genuine Parts presently has an average rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Stock Performance

Shares of GPC opened at $134.03 on Friday. The stock has a 50-day simple moving average of $124.05 and a 200-day simple moving average of $115.34. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. The stock has a market capitalization of $18.48 billion, a PE ratio of 536.12 and a beta of 0.63. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The business had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the previous year, the company posted $2.10 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, analysts predict that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, September 4th. Genuine Parts’s payout ratio is 1,700.00%.

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.