True Freedom Investing LLC Invests $4.43 Million in Genuine Parts Company $GPC

True Freedom Investing LLC acquired a new position in Genuine Parts Company (NYSE:GPC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 41,937 shares of the specialty retailer’s stock, valued at approximately $4,435,000.

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

Analysts Set New Price Targets

GPC has been the subject of several analyst reports. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Evercore reissued an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. Truist Financial increased their target price on Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. DA Davidson raised their price target on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $165.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. One investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $147.86.

Genuine Parts Stock Up 0.8%

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

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

Genuine Parts Dividend Announcement

The firm also recently announced 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 yield of 3.2%. The ex-dividend date is Friday, September 4th. Genuine Parts’s payout ratio is presently 1,700.00%.

Genuine Parts 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.