Cresset Asset Management LLC Grows Stock Holdings in Genuine Parts Company $GPC

Cresset Asset Management LLC grew its stake in shares of Genuine Parts Company (NYSE:GPC) by 11.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,078 shares of the specialty retailer’s stock after acquiring an additional 4,337 shares during the period. Cresset Asset Management LLC’s holdings in Genuine Parts were worth $5,733,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on GPC shares. Evercore set a $160.00 price objective on shares of Genuine Parts in a research report on Friday, February 20th. Raymond James Financial upgraded shares of 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 note on Tuesday, February 24th. The Goldman Sachs Group raised shares of Genuine Parts from a “sell” rating to a “neutral” rating and raised 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 company a “hold” rating in a research report on Wednesday, February 18th. Finally, UBS Group reduced their price target 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. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $145.57.

Genuine Parts Price Performance

Shares of Genuine Parts stock opened at $115.73 on Friday. 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 one year low of $104.01 and a one year high of $151.57. The business’s 50 day simple moving average is $131.06 and its two-hundred day simple moving average is $132.10. The stock has a market capitalization of $16.10 billion, a P/E ratio of 251.59 and a beta of 0.75.

Genuine Parts (NYSE:GPC) last released 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 company had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.06 billion. During the same period last year, the company posted $1.61 EPS. The business’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. Analysts forecast that Genuine Parts Company will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from Genuine Parts’s previous quarterly dividend of $1.03. Genuine Parts’s dividend 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.