Genuine Parts Company $GPC Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its position in Genuine Parts Company (NYSE:GPC) by 169.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,733 shares of the specialty retailer’s stock after buying an additional 16,797 shares during the quarter. Intech Investment Management LLC’s holdings in Genuine Parts were worth $3,705,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Peoples Financial Services CORP. acquired a new stake in Genuine Parts in the 3rd quarter valued at about $29,000. Golden State Wealth Management LLC lifted its holdings in shares of Genuine Parts by 8,833.3% in the second quarter. Golden State Wealth Management LLC now owns 268 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 265 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Genuine Parts by 7,825.0% in the second quarter. Hantz Financial Services Inc. now owns 317 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 313 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Genuine Parts during the 2nd quarter worth approximately $44,000. Finally, Deseret Mutual Benefit Administrators raised its position in shares of Genuine Parts by 40.0% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 350 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 100 shares during the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on GPC shares. Raymond James Financial upgraded Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 target price on the stock in a report on Tuesday, February 24th. UBS Group decreased their price objective on Genuine Parts from $150.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Monday, December 29th. Truist Financial set a $127.00 target price on shares of Genuine Parts and gave the company a “hold” rating in a report on Wednesday, February 18th. Finally, The Goldman Sachs Group raised shares of Genuine Parts from a “sell” rating to a “neutral” rating and raised their price target for the stock from $130.00 to $142.00 in a research note on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Genuine Parts presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.57.

Genuine Parts Stock Up 1.9%

Shares of NYSE GPC opened at $119.07 on Monday. Genuine Parts Company has a 52-week low of $104.01 and a 52-week high of $151.57. The firm has a fifty day moving average of $131.90 and a 200-day moving average of $132.76. The stock has a market capitalization of $16.39 billion, a PE ratio of 258.84 and a beta of 0.75. The company has a quick ratio of 0.46, a current ratio of 1.08 and a debt-to-equity ratio of 0.79.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.24). Genuine Parts had a return on equity of 22.28% and a net margin of 0.27%.The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.06 billion. During the same period last year, the business posted $1.61 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, analysts anticipate that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a $1.0625 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $4.25 annualized dividend and a dividend yield of 3.6%. This is an increase from Genuine Parts’s previous quarterly dividend of $1.03. Genuine Parts’s dividend payout ratio is presently 895.65%.

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.