Genuine Parts Company $GPC Position Increased by Barclays PLC

Barclays PLC grew its holdings in shares of Genuine Parts Company (NYSE:GPC) by 0.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,528,297 shares of the specialty retailer’s stock after purchasing an additional 21,437 shares during the period. Barclays PLC owned 2.54% of Genuine Parts worth $489,022,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Peoples Financial Services CORP. acquired a new stake in Genuine Parts during the third quarter worth about $29,000. Golden State Wealth Management LLC boosted its stake in Genuine Parts by 8,833.3% in the second quarter. Golden State Wealth Management LLC now owns 268 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 265 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of 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 purchasing an additional 313 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Genuine Parts during the second quarter valued at approximately $44,000. Finally, Deseret Mutual Benefit Administrators raised its position in shares of Genuine Parts by 40.0% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 350 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 100 shares during the period. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $117.03 on Friday. The company has a market capitalization of $16.28 billion, a PE ratio of 254.41 and a beta of 0.75. 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 stock has a fifty day moving average of $131.26 and a 200-day moving average of $132.25. Genuine Parts Company has a one year low of $104.01 and a one year high of $151.57.

Genuine Parts (NYSE:GPC) last issued 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 return on equity of 22.28% and a net margin of 0.27%.The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The business’s revenue 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, equities analysts anticipate that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, March 6th. This is a boost from Genuine Parts’s previous quarterly dividend of $1.03. Genuine Parts’s dividend payout ratio is presently 895.65%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Evercore set a $160.00 price objective on Genuine Parts in a research report on Friday, February 20th. Raymond James Financial raised Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 target price on the stock in a research report on Tuesday, February 24th. The Goldman Sachs Group raised shares of Genuine Parts from a “sell” rating to a “neutral” rating and boosted their price target for the company from $130.00 to $142.00 in a report on Thursday, November 13th. Truist Financial set a $127.00 price target on shares of Genuine Parts and gave the stock a “hold” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $145.57.

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.