California Public Employees Retirement System Boosts Holdings in Genuine Parts Company $GPC

California Public Employees Retirement System increased its position in Genuine Parts Company (NYSE:GPC) by 12.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533,603 shares of the specialty retailer’s stock after purchasing an additional 57,694 shares during the period. California Public Employees Retirement System owned approximately 0.38% of Genuine Parts worth $73,957,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peoples Financial Services CORP. bought a new stake in shares of Genuine Parts during the third quarter valued at approximately $29,000. CYBER HORNET ETFs LLC purchased a new stake in Genuine Parts during the 2nd quarter valued at $44,000. Deseret Mutual Benefit Administrators increased its holdings in shares of Genuine Parts by 40.0% in 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 in the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Genuine Parts in the 3rd quarter worth $52,000. Finally, Investors Research Corp raised its stake in shares of Genuine Parts by 36.1% in the third quarter. Investors Research Corp now owns 396 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 105 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors.

Genuine Parts Stock Performance

GPC stock opened at $103.99 on Tuesday. 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 1 year low of $103.42 and a 1 year high of $151.57. The company has a market cap of $14.47 billion, a P/E ratio of 226.06 and a beta of 0.75. The stock’s fifty day moving average price is $129.15 and its 200-day moving average price is $130.71.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, February 17th. The specialty retailer reported $1.55 EPS 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 firm had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter last year, the company posted $1.61 EPS. The firm’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. On average, equities analysts forecast that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders 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 dividend yield of 4.1%. 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 payout ratio is currently 923.91%.

Analyst Upgrades and Downgrades

GPC has been the topic of a number of research analyst reports. Evercore set a $160.00 price target on Genuine Parts in a report on Friday, February 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, December 29th. Truist Financial set a $127.00 target price on shares of Genuine Parts and gave the company a “hold” rating in a research note on Wednesday, February 18th. UBS Group dropped their price target on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Finally, Raymond James Financial upgraded shares of 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. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.