Oppenheimer Asset Management Inc. Makes New $20.31 Million Investment in Genuine Parts Company $GPC

Oppenheimer Asset Management Inc. bought a new stake in Genuine Parts Company (NYSE:GPC) in the second quarter, HoldingsChannel reports. The fund bought 172,183 shares of the specialty retailer’s stock, valued at approximately $20,314,000.

Other large investors also recently modified their holdings of the company. Bryn Mawr Trust Advisors LLC bought a new position in shares of Genuine Parts during the 2nd quarter valued at about $1,961,000. Investors Research Corp grew its position in shares of Genuine Parts by 50.5% in the 2nd quarter. Investors Research Corp now owns 596 shares of the specialty retailer’s stock valued at $70,000 after purchasing an additional 200 shares during the period. Butensky & Cohen Financial Security Inc. increased its stake in Genuine Parts by 4.7% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 42,166 shares of the specialty retailer’s stock worth $4,975,000 after purchasing an additional 1,907 shares in the last quarter. Tema ETFs LLC increased its stake in Genuine Parts by 8.3% during the 2nd quarter. Tema ETFs LLC now owns 5,682 shares of the specialty retailer’s stock worth $670,000 after purchasing an additional 435 shares in the last quarter. Finally, A&I Financial Services LLC acquired a new stake in Genuine Parts during the 2nd quarter worth approximately $857,000. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Stock Down 0.3%

Shares of Genuine Parts stock opened at $134.98 on Friday. The firm has a market cap of $18.61 billion, a PE ratio of 539.93 and a beta of 0.63. The business’s 50 day simple moving average is $120.75 and its 200 day simple moving average is $115.54. 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 Company has a 52-week low of $90.78 and a 52-week high of $151.57.

Genuine Parts (NYSE:GPC) last issued 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. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The company had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same period last year, the business earned $2.10 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, analysts predict that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a $1.0625 dividend. The ex-dividend date is Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.1%. Genuine Parts’s dividend payout ratio (DPR) is presently 1,700.00%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. UBS Group reissued 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 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson boosted their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.86.

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.