Shares of Genuine Parts Company (NYSE:GPC – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $122.40, but opened at $114.99. Genuine Parts shares last traded at $114.0150, with a volume of 663,474 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. DA Davidson increased their price target on Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Weiss Ratings restated 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 note on Monday, May 25th. Truist Financial dropped their target price on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Finally, UBS Group cut their target price on shares of 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 analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Genuine Parts currently has a consensus rating of “Moderate Buy” and an average target price of $144.50.
Read Our Latest Research Report on Genuine Parts
Genuine Parts Price Performance
Genuine Parts (NYSE:GPC – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.10 by $0.05. The firm had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, analysts forecast that Genuine Parts Company will post 7.69 EPS for the current year.
Genuine Parts Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were issued a $1.0625 dividend. The ex-dividend date was Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a yield of 3.7%. Genuine Parts’s payout ratio is currently 988.37%.
Insider Buying and Selling
In other Genuine Parts news, insider James F. Howe sold 415 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total transaction of $43,296.95. Following the completion of the sale, the insider directly owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.13% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Olistico Wealth LLC bought a new position in shares of Genuine Parts during the 4th quarter worth approximately $25,000. Strive Financial Group LLC acquired a new stake in Genuine Parts in the fourth quarter valued at approximately $25,000. WPG Advisers LLC grew its holdings in Genuine Parts by 213.0% in the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 164 shares during the last quarter. Motiv8 Investments LLC acquired a new position in shares of Genuine Parts during the fourth quarter worth $31,000. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Genuine Parts during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Genuine Parts
- 2 ETFs to Access the World’s Best-Performing Stock Markets In 2026
- IREN’s $2.8 Billion AI Contract Haul Changes the Stock’s Story
- Alphabet Is Planning a New AI Chip. Here’s Why It Matters Ahead of Earnings
- Microsoft’s AI Bet Could Rewrite AMD’s Growth Story
Receive News & Ratings for Genuine Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genuine Parts and related companies with MarketBeat.com's FREE daily email newsletter.
