Moore Capital Management LP lessened its position in shares of Genuine Parts Company (NYSE:GPC – Free Report) by 48.7% in the second quarter, Holdings Channel.com reports. The fund owned 139,385 shares of the specialty retailer’s stock after selling 132,223 shares during the quarter. Moore Capital Management LP’s holdings in Genuine Parts were worth $16,445,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of GPC. Strive Financial Group LLC acquired a new position in shares of Genuine Parts during the fourth quarter worth $25,000. Motiv8 Investments LLC acquired a new stake in Genuine Parts during the 4th quarter valued at $31,000. Caitong International Asset Management Co. Ltd grew its holdings in Genuine Parts by 6,225.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 249 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in Genuine Parts during the 4th quarter worth $33,000. Finally, Elevation Wealth Partners LLC increased its stake in Genuine Parts by 510.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock worth $33,000 after buying an additional 235 shares during the period. 78.83% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
GPC has been the subject of a number of analyst reports. DA Davidson increased their price target on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. UBS Group reaffirmed a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Raymond James Financial reiterated a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, Truist Financial raised their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Genuine Parts has an average rating of “Moderate Buy” and a consensus target price of $147.86.
Genuine Parts Price Performance
GPC opened at $137.32 on Monday. 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 company’s 50-day moving average price is $127.07 and its 200 day moving average price is $114.84. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The firm has a market cap of $18.93 billion, a price-to-earnings ratio of 549.28 and a beta of 0.63.
Genuine Parts (NYSE:GPC – Get Free Report) last posted its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. The company 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 firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, sell-side analysts expect that Genuine Parts Company will post 7.73 earnings per share for the current year.
Genuine Parts Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $1.0625 per share. The ex-dividend date is Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.1%. Genuine Parts’s dividend payout ratio (DPR) 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.
Read More
- Five stocks we like better than Genuine Parts
- Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally
- Rubrik’s AI Security Bet Could Power the Next Leg Higher
- Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All
- Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?
Want to see what other hedge funds are holding GPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genuine Parts Company (NYSE:GPC – Free Report).
Receive News & Ratings for Genuine Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genuine Parts and related companies with MarketBeat.com's FREE daily email newsletter.
