Shares of Genuine Parts Company (NYSE:GPC – Get Free Report) rose 13% on Thursday . The stock traded as high as $132.59 and last traded at $132.6380. Approximately 2,374,089 shares traded hands during mid-day trading, an increase of 40% from the average daily volume of 1,697,309 shares. The stock had previously closed at $117.40.
Analysts Set New Price Targets
A number of brokerages have recently commented on GPC. DA Davidson started coverage on shares of Genuine Parts in a report on Tuesday, June 16th. They issued a “strong-buy” rating and a $145.00 target price on the stock. Truist Financial decreased their price target on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. UBS Group lowered their price objective 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. Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.88.
View Our Latest Analysis on GPC
Genuine Parts Price Performance
Genuine Parts (NYSE:GPC – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Genuine Parts’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts expect that Genuine Parts Company will post 7.69 EPS for the current fiscal year.
Genuine Parts Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, June 5th. Genuine Parts’s payout ratio is 988.37%.
Insider Transactions at Genuine Parts
In related 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 transaction, the insider directly owned 25,589 shares of the company’s stock, valued at $2,669,700.37. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Genuine Parts
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Olistico Wealth LLC purchased a new stake in shares of Genuine Parts in the fourth quarter valued at approximately $25,000. Strive Financial Group LLC purchased a new position in Genuine Parts in the fourth quarter worth $25,000. Community Bank N.A. purchased a new position in Genuine Parts in the third quarter worth $27,000. WPG Advisers LLC lifted 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 valued at $30,000 after acquiring an additional 164 shares during the period. Finally, Motiv8 Investments LLC acquired a new stake in Genuine Parts in the fourth quarter valued at $31,000. Institutional investors and hedge funds 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.
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