PensionDanmark Pensionsforsikringsaktieselskab Buys 5,034 Shares of Genuine Parts Company $GPC

PensionDanmark Pensionsforsikringsaktieselskab boosted its stake in shares of Genuine Parts Company (NYSE:GPC) by 124.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,064 shares of the specialty retailer’s stock after purchasing an additional 5,034 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Genuine Parts were worth $1,069,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in Genuine Parts by 131.7% in the second quarter. Assenagon Asset Management S.A. now owns 156,659 shares of the specialty retailer’s stock worth $18,483,000 after buying an additional 89,043 shares in the last quarter. DMKC Advisory Services LLC grew its stake in shares of Genuine Parts by 27.9% during the 2nd quarter. DMKC Advisory Services LLC now owns 26,387 shares of the specialty retailer’s stock valued at $3,113,000 after acquiring an additional 5,758 shares during the period. GAMMA Investing LLC grew its stake in shares of Genuine Parts by 27.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,859 shares of the specialty retailer’s stock valued at $573,000 after acquiring an additional 1,051 shares during the period. Versant Capital Management Inc increased its holdings in Genuine Parts by 5.7% in the 2nd quarter. Versant Capital Management Inc now owns 2,091 shares of the specialty retailer’s stock worth $247,000 after acquiring an additional 113 shares in the last quarter. Finally, Hilltop National Bank increased its holdings in Genuine Parts by 3.8% in the 2nd quarter. Hilltop National Bank now owns 5,965 shares of the specialty retailer’s stock worth $704,000 after acquiring an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $134.28 on Tuesday. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 537.12 and a beta of 0.62. The firm has a fifty day moving average price of $117.85 and a 200 day moving average price of $115.45. Genuine Parts Company has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. 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 results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. The company had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. Genuine Parts’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, sell-side analysts expect that Genuine Parts Company will post 7.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GPC has been the topic 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. UBS Group restated a “neutral” rating and set a $122.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. Raymond James Financial restated a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, DA Davidson upped their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.86.

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.