Citigroup Inc. Boosts Stake in Genuine Parts Company $GPC

Citigroup Inc. grew its holdings in shares of Genuine Parts Company (NYSE:GPC) by 4.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 404,527 shares of the specialty retailer’s stock after acquiring an additional 16,591 shares during the period. Citigroup Inc. owned about 0.29% of Genuine Parts worth $56,067,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GPC. Quadcap Wealth Management LLC increased its holdings in Genuine Parts by 1.4% during the 2nd quarter. Quadcap Wealth Management LLC now owns 5,578 shares of the specialty retailer’s stock worth $677,000 after purchasing an additional 75 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of Genuine Parts by 12.2% in the second quarter. Penserra Capital Management LLC now owns 747 shares of the specialty retailer’s stock worth $90,000 after buying an additional 81 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in Genuine Parts by 25.9% in the third quarter. Hantz Financial Services Inc. now owns 399 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 82 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Genuine Parts by 0.6% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 14,806 shares of the specialty retailer’s stock valued at $2,052,000 after acquiring an additional 83 shares during the last quarter. Finally, Capital Square LLC boosted its stake in Genuine Parts by 2.0% during the 2nd quarter. Capital Square LLC now owns 4,442 shares of the specialty retailer’s stock valued at $553,000 after acquiring an additional 85 shares during the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GPC. UBS Group dropped their target price on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Evercore set a $160.00 price objective on Genuine Parts in a research note on Friday. The Goldman Sachs Group upgraded Genuine Parts from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $130.00 to $142.00 in a research report on Thursday, November 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research report on Monday, December 29th. Finally, Truist Financial set a $127.00 price objective on Genuine Parts and gave the stock a “hold” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.67.

Genuine Parts Trading Down 1.7%

NYSE:GPC opened at $116.05 on Tuesday. The firm has a market capitalization of $16.14 billion, a P/E ratio of 252.28 and a beta of 0.74. The business has a 50 day simple moving average of $132.65 and a 200 day simple moving average of $133.24. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.08 and a quick ratio of 0.46. Genuine Parts Company has a 12-month low of $104.01 and a 12-month high of $151.57.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.24). Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.06 billion. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.61 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts predict that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a $1.0625 dividend. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.03. The ex-dividend date is Friday, March 6th. This represents a $4.25 annualized dividend and a yield of 3.7%. Genuine Parts’s payout ratio is currently 895.65%.

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.