3,875 Shares in Genuine Parts Company $GPC Bought by Daiichi Life Insurance Co. Ltd.

Daiichi Life Insurance Co. Ltd. purchased a new stake in Genuine Parts Company (NYSE:GPC) during the second quarter, HoldingsChannel.com reports. The fund purchased 3,875 shares of the specialty retailer’s stock, valued at approximately $457,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GPC. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Genuine Parts by 85.0% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer’s stock worth $3,200,000 after purchasing an additional 13,900 shares during the period. Montag A & Associates Inc. boosted its position in shares of Genuine Parts by 19.6% during the first quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer’s stock valued at $6,923,000 after buying an additional 10,622 shares during the period. Paradiem LLC bought a new position in shares of Genuine Parts during the first quarter valued at approximately $3,154,000. Hsbc Holdings PLC raised its holdings in shares of Genuine Parts by 19.5% in the fourth quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock worth $58,887,000 after buying an additional 77,936 shares during the period. Finally, Conning Inc. raised its holdings in shares of Genuine Parts by 5.7% in the fourth quarter. Conning Inc. now owns 246,390 shares of the specialty retailer’s stock worth $30,296,000 after buying an additional 13,357 shares during the period. Institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on GPC shares. Truist Financial boosted their target price on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research 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 report on Monday, August 3rd. Evercore reissued an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. UBS Group restated a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $165.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.86.

Genuine Parts Trading Up 1.3%

Shares of Genuine Parts stock opened at $135.71 on Tuesday. The firm has a 50-day simple moving average of $124.67 and a two-hundred day simple moving average of $115.10. 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 fifty-two week low of $90.78 and a fifty-two week high of $151.57. The company has a market cap of $18.71 billion, a P/E ratio of 542.84 and a beta of 0.63.

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

Genuine Parts Announces Dividend

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 $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, September 4th. Genuine Parts’s dividend payout ratio (DPR) is 1,700.00%.

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.