Sanctuary Advisors LLC Purchases Shares of 17,137 Genuine Parts Company $GPC

Sanctuary Advisors LLC acquired a new position in Genuine Parts Company (NYSE:GPC) during the 2nd quarter, HoldingsChannel reports. The fund acquired 17,137 shares of the specialty retailer’s stock, valued at approximately $2,022,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GPC. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Genuine Parts in the 2nd quarter valued at $18,215,000. PEAK6 LLC acquired a new position in shares of Genuine Parts in the second quarter worth about $437,000. Capital Square LLC purchased a new stake in shares of Genuine Parts during the 2nd quarter worth about $334,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Genuine Parts during the 2nd quarter worth about $433,000. Finally, True Freedom Investing LLC acquired a new stake in shares of Genuine Parts during the 2nd quarter valued at about $4,435,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on GPC. Raymond James Financial restated a “strong-buy” rating and issued a $165.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. UBS Group restated a “neutral” rating and issued a $122.00 price objective on shares of Genuine Parts in a research report on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Truist Financial lifted their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Genuine Parts has an average rating of “Moderate Buy” and a consensus target price of $147.86.

Genuine Parts Trading Up 1.0%

GPC stock opened at $139.37 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. The stock has a market cap of $19.21 billion, a price-to-earnings ratio of 557.48 and a beta of 0.63. The business’s 50-day moving average is $125.95 and its 200 day moving average is $114.99.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.08 by $0.07. The company had revenue of $6.54 billion during 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%.Genuine Parts’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts anticipate that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders 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 dividend on an annualized basis and a yield of 3.0%. Genuine Parts’s dividend payout ratio (DPR) is presently 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.