SteelPeak Wealth LLC Acquires Shares of 16,530 Genuine Parts Company $GPC

SteelPeak Wealth LLC purchased a new stake in shares of Genuine Parts Company (NYSE:GPC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 16,530 shares of the specialty retailer’s stock, valued at approximately $2,049,000.

Other institutional investors have also added to or reduced their stakes in the company. Ellsworth Advisors LLC lifted its holdings in shares of Genuine Parts by 7.1% during the fourth quarter. Ellsworth Advisors LLC now owns 47,406 shares of the specialty retailer’s stock worth $6,455,000 after buying an additional 3,156 shares in the last quarter. Applied Capital LLC FL grew its stake in shares of Genuine Parts by 1.8% in the fourth quarter. Applied Capital LLC FL now owns 13,239 shares of the specialty retailer’s stock valued at $1,628,000 after acquiring an additional 228 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of Genuine Parts by 1.5% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 14,919 shares of the specialty retailer’s stock valued at $1,834,000 after acquiring an additional 214 shares in the last quarter. Lodestone Wealth Management LLC bought a new position in Genuine Parts during the fourth quarter worth about $32,000. Finally, Financial Planning Hawaii Inc. bought a new position in Genuine Parts during the fourth quarter worth about $473,000. 78.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GPC has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. Raymond James Financial upgraded Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price target for the company in a research note on Tuesday, February 24th. UBS Group reduced their price target on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Truist Financial set a $127.00 target price on shares of Genuine Parts and gave the stock a “hold” rating in a research note on Wednesday, February 18th. Finally, Evercore set a $160.00 price target on shares of Genuine Parts in a report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.57.

Genuine Parts Stock Down 0.0%

Genuine Parts stock opened at $103.42 on Friday. The company has a market capitalization of $14.39 billion, a PE ratio of 224.83 and a beta of 0.76. Genuine Parts Company has a 12-month low of $96.08 and a 12-month high of $151.57. The firm’s fifty day moving average is $120.97 and its 200 day moving average is $127.19. The company has a quick ratio of 0.46, a current ratio of 1.08 and a debt-to-equity ratio of 0.79.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.24). The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.06 billion. Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $1.61 earnings per share. 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 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th were issued a $1.0625 dividend. The ex-dividend date was Friday, March 6th. This is an increase from Genuine Parts’s previous quarterly dividend of $1.03. This represents a $4.25 annualized dividend and a yield of 4.1%. Genuine Parts’s dividend payout ratio is currently 923.91%.

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.