Genuine Parts Company (NYSE:GPC – Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $90.78 and last traded at $94.9730, with a volume of 1478183 shares changing hands. The stock had previously closed at $92.47.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on GPC. Zacks Research downgraded Genuine Parts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 25th. Truist Financial decreased their target price on Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Evercore set a $160.00 target price on Genuine Parts in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research report on Friday, March 27th. Finally, UBS Group decreased their target price on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $143.71.
Check Out Our Latest Stock Report on Genuine Parts
Genuine Parts Stock Performance
Genuine Parts (NYSE:GPC – Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter last year, the business posted $1.75 earnings per share. 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. Equities analysts predict that Genuine Parts Company will post 7.65 EPS for the current fiscal year.
Genuine Parts Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $1.0625 per share. The ex-dividend date is Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a yield of 4.3%. Genuine Parts’s dividend payout ratio (DPR) is presently 988.37%.
Insider Buying and Selling
In related news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total transaction of $43,296.95. Following the transaction, the insider owned 25,589 shares in the company, valued at approximately $2,669,700.37. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.13% of the company’s stock.
Institutional Investors Weigh In On Genuine Parts
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPC. Olistico Wealth LLC purchased a new stake in Genuine Parts in the fourth quarter valued at $25,000. Strive Financial Group LLC purchased a new stake in Genuine Parts in the fourth quarter valued at $25,000. Community Bank N.A. purchased a new stake in Genuine Parts in the third quarter valued at $27,000. WPG Advisers LLC raised its position in Genuine Parts by 213.0% in the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 164 shares during the period. Finally, Motiv8 Investments LLC purchased a new stake in Genuine Parts in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.
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.
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