Genuine Parts Company $GPC Shares Purchased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. raised its position in shares of Genuine Parts Company (NYSE:GPC) by 15.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,427 shares of the specialty retailer’s stock after acquiring an additional 11,539 shares during the period. Dana Investment Advisors Inc. owned approximately 0.06% of Genuine Parts worth $11,702,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peoples Financial Services CORP. acquired a new position in shares of Genuine Parts in the 3rd quarter valued at about $29,000. Golden State Wealth Management LLC lifted its position in Genuine Parts by 8,833.3% during the second quarter. Golden State Wealth Management LLC now owns 268 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 265 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Genuine Parts by 7,825.0% during the second quarter. Hantz Financial Services Inc. now owns 317 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 313 shares in the last quarter. Quaker Wealth Management LLC grew its stake in Genuine Parts by 11,533.3% during the second quarter. Quaker Wealth Management LLC now owns 343 shares of the specialty retailer’s stock worth $42,000 after buying an additional 346 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Genuine Parts in the second quarter worth $44,000. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GPC has been the topic of several recent research reports. The Goldman Sachs Group upgraded shares of Genuine Parts from a “sell” rating to a “neutral” rating and lifted their target price for the company from $130.00 to $142.00 in a report on Thursday, November 13th. 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. Evercore set a $160.00 target price on Genuine Parts in a research report on Friday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, December 29th. Finally, UBS Group reduced their price target on Genuine Parts from $150.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $145.67.

Genuine Parts Trading Down 1.7%

NYSE:GPC opened at $116.05 on Tuesday. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 252.28 and a beta of 0.74. Genuine Parts Company has a one year low of $104.01 and a one year high of $151.57. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.46 and a current ratio of 1.08. The business’s 50-day simple moving average is $132.65 and its 200 day simple moving average is $133.24.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share 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 business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.06 billion. During the same quarter last year, the business earned $1.61 EPS. Genuine Parts’s revenue for the quarter was up 4.1% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, sell-side analysts predict that Genuine Parts Company will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Increases Dividend

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

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.