Kimelman & Baird LLC Takes Position in Genuine Parts Company $GPC

Kimelman & Baird LLC acquired a new position in Genuine Parts Company (NYSE:GPC – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 5,500 shares of the specialty retailer’s stock, valued at approximately $649,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 valued at $2,111,000 after purchasing an additional 671 shares during the last quarter. Woodline Partners LP grew its position in Genuine Parts by 40.7% in 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 increased its holdings in shares of Genuine Parts by 15.8% during the 2nd 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. increased its holdings in shares of Genuine Parts by 5.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer’s stock worth $3,027,000 after purchasing an additional 1,323 shares during the period. Finally, AXA S.A. raised its position in shares of Genuine Parts by 37.2% during the second 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 last quarter. Institutional investors own 78.83% of the company’s stock.

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Genuine Parts Stock Performance

NYSE:GPC opened at $137.32 on Friday. The stock has a market capitalization of $18.93 billion, a P/E ratio of 549.28 and a beta of 0.63. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. Genuine Parts Company has a 1 year low of $90.78 and a 1 year high of $151.57. The firm has a 50 day moving average of $127.07 and a 200-day moving average of $115.06.

Genuine Parts (NYSE:GPC – Get Free Report) last released its quarterly 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 return on equity of 22.59% and a net margin of 0.13%.The business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period in the prior year, the company earned $2.10 EPS. Genuine Parts’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. As a group, sell-side analysts anticipate that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders 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 dividend yield of 3.1%. The ex-dividend date is Friday, September 4th. Genuine Parts’s dividend payout ratio is presently 1,700.00%.

Analyst Ratings Changes

Several research firms recently weighed in on GPC. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Raymond James Financial reiterated a “strong-buy” rating and issued a $165.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. UBS Group reissued a “neutral” rating and set a $122.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Finally, Zacks Research upgraded 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 issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.86.

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About Genuine Parts

(Free Report)

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.

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