Rakuten Investment Management Inc. Takes Position in Genuine Parts Company $GPC

Rakuten Investment Management Inc. purchased a new position in Genuine Parts Company (NYSE:GPC) during the second quarter, HoldingsChannel reports. The firm purchased 22,596 shares of the specialty retailer’s stock, valued at approximately $2,648,000.

Several other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Genuine Parts by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock valued at $2,111,000 after purchasing an additional 671 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Genuine Parts by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock worth $1,399,000 after purchasing an additional 3,396 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Genuine Parts by 15.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer’s stock worth $122,000 after buying an additional 137 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Genuine Parts by 5.6% in the second quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer’s stock worth $3,027,000 after buying an additional 1,323 shares during the last quarter. Finally, AXA S.A. grew its position in Genuine Parts by 37.2% during the second quarter. AXA S.A. now owns 51,292 shares of the specialty retailer’s stock valued at $6,222,000 after buying an additional 13,898 shares during the period. Institutional investors own 78.83% of the company’s stock.

Analyst Upgrades and Downgrades

GPC has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. DA Davidson upped their price objective on Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. Finally, UBS Group reiterated a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Genuine Parts has a consensus rating of “Moderate Buy” and a consensus price target of $147.86.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $137.32 on Monday. The company has a market capitalization of $18.93 billion, a P/E ratio of 549.28 and a beta of 0.63. Genuine Parts Company has a 1-year low of $90.78 and a 1-year high of $151.57. The firm’s 50 day simple moving average is $127.07 and its two-hundred day simple moving average is $114.84. 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 (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, topping analysts’ consensus estimates of $2.08 by $0.07. The firm had revenue of $6.54 billion during 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 company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts expect 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 paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, September 4th. Genuine Parts’s dividend 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.