Shares of Genuine Parts Company (NYSE:GPC – Get Free Report) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $144.50.
Several research analysts have recently commented on GPC shares. DA Davidson increased their price target on shares of Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. UBS Group cut their target price on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Finally, Truist Financial reduced their price target on Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd.
Read Our Latest Analysis on GPC
Genuine Parts Trading Up 3.9%
Genuine Parts (NYSE:GPC – Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.17 billion. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, research analysts predict that Genuine Parts will post 7.69 earnings per share for the current fiscal year.
Genuine Parts Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, June 5th. Genuine Parts’s dividend payout ratio (DPR) is presently 988.37%.
Insider Buying and Selling at Genuine Parts
In related news, insider James F. Howe sold 415 shares of the business’s stock in a transaction that occurred 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 approximately $2,669,700.37. The trade was a 1.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.
Hedge Funds Weigh In On Genuine Parts
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Olistico Wealth LLC bought a new stake in shares of Genuine Parts during the 4th quarter worth $25,000. Strive Financial Group LLC bought a new position in shares of Genuine Parts in the fourth quarter worth about $25,000. Community Bank N.A. acquired a new position in shares of Genuine Parts during the 3rd quarter worth about $27,000. WPG Advisers LLC boosted its stake in Genuine Parts by 213.0% during the 4th 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 bought a new position in Genuine Parts in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds 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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