377,764 Shares in Genuine Parts Company $GPC Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 377,764 shares of the specialty retailer’s stock, valued at approximately $44,568,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Longfellow Investment Management Co. LLC bought a new stake in shares of Genuine Parts during the second quarter valued at about $485,000. Flputnam Investment Management Co. purchased a new position in shares of Genuine Parts during the 2nd quarter valued at $920,000. Global Retirement Partners LLC purchased a new position in shares of Genuine Parts during the 2nd quarter valued at $1,904,000. Bank of New York Mellon Corp purchased a new stake in shares of Genuine Parts in the second quarter worth $92,925,000. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in shares of Genuine Parts in the second quarter worth $209,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on GPC. Raymond James Financial restated a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. DA Davidson boosted their price objective on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, UBS Group restated a “neutral” rating and issued a $122.00 price objective on shares of Genuine Parts 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 issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.86.

Genuine Parts Trading Up 2.1%

Shares of GPC stock opened at $134.68 on Thursday. The business has a 50-day moving average price of $122.84 and a two-hundred day moving average price of $115.25. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. 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 firm has a market cap of $18.57 billion, a P/E ratio of 538.72 and a beta of 0.63.

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

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, September 4th. Genuine Parts’s dividend payout ratio (DPR) is presently 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.