Cinctive Capital Management LP Invests $4.50 Million in Genuine Parts Company $GPC

Cinctive Capital Management LP bought a new stake in shares of Genuine Parts Company (NYSE:GPC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 32,479 shares of the specialty retailer’s stock, valued at approximately $4,502,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Genuine Parts by 3.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock valued at $2,111,000 after purchasing an additional 671 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Genuine Parts by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock worth $1,399,000 after purchasing an additional 3,396 shares during the period. Allworth Financial LP raised its position in shares of Genuine Parts by 21.8% during the second quarter. Allworth Financial LP now owns 4,434 shares of the specialty retailer’s stock valued at $538,000 after buying an additional 793 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Genuine Parts by 2.2% during the second quarter. PNC Financial Services Group Inc. now owns 93,484 shares of the specialty retailer’s stock valued at $11,341,000 after buying an additional 2,032 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Genuine Parts by 1.2% in the second quarter. Geode Capital Management LLC now owns 3,511,008 shares of the specialty retailer’s stock valued at $424,367,000 after buying an additional 40,970 shares during the period. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Price Performance

Genuine Parts stock opened at $105.68 on Monday. The business has a 50 day simple moving average of $129.54 and a 200 day simple moving average of $130.96. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.08 and a quick ratio of 0.46. The company has a market capitalization of $14.70 billion, a PE ratio of 229.74 and a beta of 0.75. Genuine Parts Company has a one year low of $104.01 and a one year high of $151.57.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results 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). 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 business’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $1.61 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts forecast that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a dividend of $1.0625 per share. This is an increase from Genuine Parts’s previous quarterly dividend of $1.03. The ex-dividend date is Friday, March 6th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.0%. Genuine Parts’s dividend payout ratio is 923.91%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GPC. Truist Financial set a $127.00 price target on Genuine Parts and gave the company a “hold” rating in a research note on Wednesday, February 18th. UBS Group lowered their price objective 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. Evercore set a $160.00 target price on Genuine Parts in a research note on Friday, February 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Monday, December 29th. Finally, Raymond James Financial raised shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price target on the stock in a report on Tuesday, February 24th. Two equities research 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 company’s stock. According to data from MarketBeat.com, Genuine Parts presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.57.

About Genuine Parts

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.