Genuine Parts Company (NYSE:GPC – Get Free Report) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $143.7143.
Several brokerages recently weighed in on GPC. Truist Financial dropped their price target on shares of 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 price objective on shares of Genuine Parts in a research note on Friday, February 20th. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday. Raymond James Financial upgraded shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective for the company in a research note on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday, March 27th.
View Our Latest Report on Genuine Parts
Insider Buying and Selling
Institutional Investors Weigh In On Genuine Parts
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Genuine Parts by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 17,365,970 shares of the specialty retailer’s stock worth $2,406,923,000 after purchasing an additional 56,792 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Genuine Parts during the 3rd quarter worth approximately $4,213,000. Dana Investment Advisors Inc. increased its stake in shares of Genuine Parts by 15.8% during the 3rd quarter. Dana Investment Advisors Inc. now owns 84,427 shares of the specialty retailer’s stock worth $11,702,000 after purchasing an additional 11,539 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Genuine Parts by 4.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 549,830 shares of the specialty retailer’s stock worth $76,206,000 after purchasing an additional 21,820 shares during the last quarter. Finally, TABR Capital Management LLC purchased a new stake in shares of Genuine Parts during the 4th quarter worth approximately $4,217,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.
Genuine Parts Price Performance
Shares of NYSE GPC opened at $98.47 on Thursday. Genuine Parts has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 229.00 and a beta of 0.70. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09. The firm’s 50-day simple moving average is $103.76 and its 200 day simple moving average is $119.67.
Genuine Parts (NYSE:GPC – Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.02. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter last year, the firm earned $1.75 EPS. The firm’s revenue for the quarter 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. As a group, research analysts anticipate that Genuine Parts will post 7.65 earnings per share for the current fiscal year.
Genuine Parts Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $1.0625 dividend. The ex-dividend date is Friday, June 5th. This represents a $4.25 annualized dividend and a yield of 4.3%. Genuine Parts’s dividend payout ratio (DPR) is 988.37%.
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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