SteelPeak Wealth LLC Purchases New Stake in Genuine Parts Company $GPC

SteelPeak Wealth LLC purchased a new stake in Genuine Parts Company (NYSE:GPC) in the 4th quarter, HoldingsChannel reports. The fund purchased 16,530 shares of the specialty retailer’s stock, valued at approximately $2,049,000.

Several other institutional investors have also recently bought and sold shares of the business. Olistico Wealth LLC acquired a new position in shares of Genuine Parts during the fourth quarter valued at about $25,000. Community Bank N.A. acquired a new stake in shares of Genuine Parts in the 3rd quarter worth about $27,000. Peoples Financial Services CORP. acquired a new stake in shares of Genuine Parts in the 3rd quarter worth about $29,000. Lodestone Wealth Management LLC bought a new position in Genuine Parts in the 4th quarter valued at about $32,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Genuine Parts by 6,225.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 249 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Price Performance

GPC stock opened at $103.42 on Friday. The stock has a market capitalization of $14.39 billion, a price-to-earnings ratio of 224.83 and a beta of 0.76. The firm’s 50-day moving average price is $120.97 and its two-hundred day moving average price is $127.19. The company has a current ratio of 1.08, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. Genuine Parts Company has a 12-month low of $96.08 and a 12-month high of $151.57.

Genuine Parts (NYSE:GPC) last posted its 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 firm had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.06 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.27%.The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.61 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts predict that Genuine Parts Company will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have commented on the company. Truist Financial set a $127.00 price objective on Genuine Parts and gave the stock a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th. Evercore set a $160.00 price objective on shares of Genuine Parts in a report on Friday, February 20th. Raymond James Financial upgraded Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, February 24th. Finally, Zacks Research downgraded shares of Genuine Parts from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 25th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Genuine Parts currently has an average rating of “Moderate Buy” and a consensus target price of $145.57.

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.