Louisiana State Employees Retirement System Makes New $751,000 Investment in Genuine Parts Company $GPC

Louisiana State Employees Retirement System purchased a new stake in shares of Genuine Parts Company (NYSE:GPC) during the first quarter, HoldingsChannel reports. The fund purchased 7,100 shares of the specialty retailer’s stock, valued at approximately $751,000.

Other hedge funds have also recently made changes to their positions in the company. United Asset Strategies Inc. lifted its holdings in Genuine Parts by 1.6% in the 4th quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock worth $552,000 after purchasing an additional 72 shares in the last quarter. J2 Capital Management Inc raised its position in shares of Genuine Parts by 1.9% during the fourth quarter. J2 Capital Management Inc now owns 4,136 shares of the specialty retailer’s stock valued at $509,000 after buying an additional 79 shares during the last quarter. Capital Investment Advisors LLC raised its position in shares of Genuine Parts by 0.6% during the fourth quarter. Capital Investment Advisors LLC now owns 14,173 shares of the specialty retailer’s stock valued at $1,743,000 after buying an additional 83 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in shares of Genuine Parts by 1.8% in the fourth quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock worth $571,000 after buying an additional 83 shares in the last quarter. Finally, Matrix Trust Co lifted its holdings in shares of Genuine Parts by 27.6% in the fourth quarter. Matrix Trust Co now owns 393 shares of the specialty retailer’s stock worth $48,000 after buying an additional 85 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on GPC. UBS Group cut their target price on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. DA Davidson raised their price target on Genuine Parts from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday. Finally, Truist Financial reduced their price objective on Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Genuine Parts has a consensus rating of “Moderate Buy” and a consensus price target of $144.50.

Genuine Parts Trading Up 0.8%

Shares of GPC stock traded up $1.03 during trading hours on Tuesday, reaching $129.69. 92,673 shares of the stock were exchanged, compared to its average volume of 1,734,872. The firm has a market capitalization of $17.85 billion, a price-to-earnings ratio of 302.22 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 company’s 50-day moving average price is $104.75 and its 200-day moving average price is $115.62. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the company earned $1.75 EPS. The business’s revenue was up 6.8% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts anticipate that Genuine Parts Company will post 7.69 earnings per share for the current year.

Genuine Parts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were issued a $1.0625 dividend. The ex-dividend date was Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.3%. Genuine Parts’s dividend payout ratio (DPR) is currently 988.37%.

Insiders Place Their Bets

In other Genuine Parts news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total value of $43,296.95. Following the transaction, the insider owned 25,589 shares in the company, valued at $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by insiders.

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.