Redwood Investment Management LLC Invests $967,000 in Genuine Parts Company $GPC

Redwood Investment Management LLC bought a new stake in Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,200 shares of the specialty retailer’s stock, valued at approximately $967,000.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Genuine Parts by 3.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock valued at $2,111,000 after acquiring an additional 671 shares during the last quarter. Woodline Partners LP increased its stake in shares of Genuine Parts by 40.7% during the 1st 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 during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Genuine Parts by 15.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer’s stock valued at $122,000 after purchasing an additional 137 shares during the period. Daiwa Securities Group Inc. lifted its stake in Genuine Parts by 5.6% in the 2nd 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 during the last quarter. Finally, AXA S.A. grew its holdings in Genuine Parts by 37.2% during the second quarter. AXA S.A. now owns 51,292 shares of the specialty retailer’s stock worth $6,222,000 after purchasing an additional 13,898 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Stock Performance

Genuine Parts stock opened at $136.68 on Friday. 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 stock has a market cap of $18.84 billion, a PE ratio of 546.72 and a beta of 0.63. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. The business’s 50-day moving average price is $126.51 and its two-hundred day moving average price is $114.90.

Genuine Parts (NYSE:GPC) last posted its earnings results 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 net margin of 0.13% and a return on equity of 22.59%. The firm had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. The business’s revenue for the quarter 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. As a group, analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

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

Analyst Ratings Changes

GPC has been the subject of several research analyst reports. UBS Group reiterated a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $165.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. DA Davidson increased their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Truist Financial lifted their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Finally, Evercore reissued an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. One research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.