Genuine Parts Company $GPC Stock Position Decreased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC decreased its position in Genuine Parts Company (NYSE:GPC) by 11.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 33,764 shares of the specialty retailer’s stock after selling 4,566 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Genuine Parts were worth $4,680,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Peoples Financial Services CORP. bought a new position in Genuine Parts during the third quarter valued at approximately $29,000. Golden State Wealth Management LLC lifted its stake in 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 acquiring an additional 265 shares during the last quarter. Deseret Mutual Benefit Administrators grew its position in Genuine Parts by 40.0% in the third quarter. Deseret Mutual Benefit Administrators now owns 350 shares of the specialty retailer’s stock worth $49,000 after acquiring an additional 100 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Genuine Parts in the second quarter worth approximately $44,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of Genuine Parts during the 3rd quarter worth $52,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Genuine Parts from a “sell” rating to a “neutral” rating and raised their price target for the company from $130.00 to $142.00 in a report on Thursday, November 13th. Truist Financial set a $127.00 target price on shares of Genuine Parts and gave the stock a “hold” rating in a research report on Wednesday, February 18th. 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 reduced their price target on Genuine Parts from $150.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Genuine Parts has an average rating of “Moderate Buy” and an average target price of $145.57.

Genuine Parts Stock Down 1.2%

GPC stock opened at $115.73 on Friday. Genuine Parts Company has a twelve month low of $104.01 and a twelve month high of $151.57. The company has a market cap of $16.10 billion, a PE ratio of 251.59 and a beta of 0.75. The business’s 50-day simple moving average is $131.06 and its 200 day simple moving average is $132.06. 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 posted its quarterly earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.24). Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same period last year, the company earned $1.61 EPS. The company’s revenue was up 4.1% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, research analysts anticipate that Genuine Parts Company will post 7.9 earnings per share 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 given a dividend of $1.0625 per share. This is a boost from Genuine Parts’s previous quarterly dividend of $1.03. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, March 6th. Genuine Parts’s dividend payout ratio (DPR) is presently 895.65%.

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.