16,466 Shares in Genuine Parts Company $GPC Bought by Haverford Trust Co

Haverford Trust Co purchased a new stake in Genuine Parts Company (NYSE:GPC) during the 2nd quarter, HoldingsChannel reports. The firm purchased 16,466 shares of the specialty retailer’s stock, valued at approximately $1,943,000.

Other hedge funds have also added to or reduced their stakes in the company. IHT Wealth Management LLC raised its holdings in Genuine Parts by 1.8% in the 4th quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock worth $571,000 after purchasing an additional 83 shares in the last quarter. Oakworth Capital Inc. boosted its stake in shares of Genuine Parts by 1.9% during the 4th quarter. Oakworth Capital Inc. now owns 4,680 shares of the specialty retailer’s stock valued at $575,000 after purchasing an additional 88 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Genuine Parts by 34.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 88 shares in the last quarter. Beacon Investment Advisory Services Inc. increased its position in shares of Genuine Parts by 13.8% during the second quarter. Beacon Investment Advisory Services Inc. now owns 727 shares of the specialty retailer’s stock valued at $86,000 after buying an additional 88 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ increased its position in shares of Genuine Parts by 3.8% during the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 2,413 shares of the specialty retailer’s stock valued at $297,000 after buying an additional 88 shares during the period. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Stock Up 0.8%

NYSE:GPC opened at $134.03 on Friday. The firm’s 50-day moving average price is $124.05 and its 200-day moving average price is $115.34. The company has a market capitalization of $18.48 billion, a PE ratio of 536.12 and a beta of 0.63. 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 Company has a 1-year low of $90.78 and a 1-year 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 (EPS) 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 analyst estimates of $6.43 billion. During the same period last year, the business earned $2.10 EPS. Genuine Parts’s quarterly revenue was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities analysts predict that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.2%. Genuine Parts’s dividend payout ratio (DPR) is currently 1,700.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Truist Financial increased their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. DA Davidson lifted their price objective on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. UBS Group reissued a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. One 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $147.86.

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.