Shares of Genuine Parts Company (NYSE:GPC – Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $95.07 and last traded at $95.2670, with a volume of 195452 shares traded. The stock had previously closed at $97.19.
Wall Street Analyst Weigh In
GPC has been the subject of several research analyst reports. Evercore set a $160.00 target price on Genuine Parts in a research note on Friday, February 20th. Raymond James Financial raised Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 target price for the company in a research note on Tuesday, February 24th. UBS Group reduced their target price on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th. Finally, Zacks Research downgraded Genuine Parts from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $143.71.
Get Our Latest Stock Analysis on Genuine Parts
Genuine Parts Trading Down 3.7%
Genuine Parts (NYSE:GPC – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same period in the prior year, the company earned $1.75 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, research analysts predict that Genuine Parts Company will post 7.65 EPS for the current fiscal year.
Genuine Parts Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, June 5th. Genuine Parts’s dividend payout ratio is presently 988.37%.
Insider Transactions at Genuine Parts
In other Genuine Parts news, insider James F. Howe sold 415 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total value of $43,296.95. Following the completion of the sale, the insider directly owned 25,589 shares in the company, valued at $2,669,700.37. This represents a 1.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by insiders.
Institutional Trading of Genuine Parts
Several large investors have recently added to or reduced their stakes in GPC. Vanguard Group Inc. increased its position in shares of Genuine Parts by 0.3% during the third quarter. Vanguard Group Inc. now owns 17,365,970 shares of the specialty retailer’s stock valued at $2,406,923,000 after acquiring an additional 56,792 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Genuine Parts in the 3rd quarter worth approximately $4,213,000. Dana Investment Advisors Inc. lifted its holdings in shares of Genuine Parts by 15.8% in the 3rd quarter. Dana Investment Advisors Inc. now owns 84,427 shares of the specialty retailer’s stock worth $11,702,000 after acquiring an additional 11,539 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Genuine Parts by 4.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 549,830 shares of the specialty retailer’s stock worth $76,206,000 after acquiring an additional 21,820 shares during the last quarter. Finally, TABR Capital Management LLC acquired a new position in shares of Genuine Parts in the 4th quarter worth approximately $4,217,000. 78.83% of the stock is currently owned by hedge funds and other institutional investors.
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.
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