NewEdge Wealth LLC Invests $975,000 in Genuine Parts Company $GPC

NewEdge Wealth LLC purchased a new stake in shares of Genuine Parts Company (NYSE:GPC) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 8,262 shares of the specialty retailer’s stock, valued at approximately $975,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strive Financial Group LLC acquired a new position in Genuine Parts in the 4th quarter worth $25,000. WPG Advisers LLC grew its stake in shares of Genuine Parts by 213.0% during the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 164 shares in the last quarter. Motiv8 Investments LLC acquired a new stake in shares of Genuine Parts during the fourth quarter valued at about $31,000. Elyxium Wealth LLC purchased a new stake in shares of Genuine Parts during the fourth quarter worth about $33,000. Finally, Elevation Wealth Partners LLC increased its position in shares of Genuine Parts by 510.9% during the second quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Up 0.8%

NYSE:GPC opened at $134.03 on Friday. The company has a market capitalization of $18.48 billion, a price-to-earnings ratio of 536.12 and a beta of 0.63. Genuine Parts Company has a one year low of $90.78 and a one year high of $151.57. The stock has a 50-day simple moving average of $124.05 and a 200 day simple moving average of $115.34. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The firm had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the prior year, the firm posted $2.10 earnings per share. Genuine Parts’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. Sell-side analysts predict that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts’s dividend payout ratio is currently 1,700.00%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Truist Financial increased their price target on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. UBS Group restated a “neutral” rating and set a $122.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $165.00 price target on shares of Genuine Parts in a research note 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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.