StockNews.com Begins Coverage on Genuine Parts (NYSE:GPC)

Stock analysts at StockNews.com started coverage on shares of Genuine Parts (NYSE:GPC – Get Rating) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the specialty retailer’s stock.

A number of other research firms also recently commented on GPC. The Goldman Sachs Group lifted their target price on Genuine Parts from $147.00 to $157.00 and gave the stock a “sell” rating in a report on Thursday, February 23rd. Wedbush reaffirmed a “neutral” rating on shares of Genuine Parts in a report on Friday, February 24th. Finally, Truist Financial boosted their price target on Genuine Parts from $170.00 to $186.00 and gave the company a “hold” rating in a report on Friday, February 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Genuine Parts currently has an average rating of “Hold” and an average price target of $152.20.

Genuine Parts Trading Down 0.4 %

Genuine Parts stock opened at $163.13 on Thursday. The company has a quick ratio of 0.57, a current ratio of 1.15 and a debt-to-equity ratio of 0.81. Genuine Parts has a 52 week low of $124.85 and a 52 week high of $187.73. The company has a market capitalization of $22.97 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.82 and a beta of 0.90. The stock has a 50-day moving average price of $170.41 and a 200 day moving average price of $169.58.

Genuine Parts (NYSE:GPC – Get Rating) last released its earnings results on Thursday, February 23rd. The specialty retailer reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.15. Genuine Parts had a return on equity of 32.22% and a net margin of 5.35%. The firm had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the previous year, the company posted $1.79 earnings per share. The company’s revenue was up 15.0% compared to the same quarter last year. Sell-side analysts anticipate that Genuine Parts will post 8.93 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Genuine Parts by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,056 shares of the specialty retailer’s stock worth $2,401,000 after buying an additional 1,180 shares during the period. Cibc World Market Inc. raised its stake in shares of Genuine Parts by 14.8% during the 1st quarter. Cibc World Market Inc. now owns 2,740 shares of the specialty retailer’s stock worth $345,000 after buying an additional 354 shares during the period. Sei Investments Co. raised its stake in shares of Genuine Parts by 9.4% during the 1st quarter. Sei Investments Co. now owns 50,928 shares of the specialty retailer’s stock worth $6,448,000 after buying an additional 4,372 shares during the period. Aviva PLC raised its stake in shares of Genuine Parts by 63.1% during the 1st quarter. Aviva PLC now owns 78,951 shares of the specialty retailer’s stock worth $9,949,000 after buying an additional 30,545 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in shares of Genuine Parts by 195.1% during the 1st quarter. Allianz Asset Management GmbH now owns 114,328 shares of the specialty retailer’s stock worth $14,408,000 after buying an additional 75,591 shares during the period. 78.14% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Company Profile

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Genuine Parts Co engages in the distribution of automotive and industrial replacement parts. It operates through the following segments: Automotive Parts Group, Industrial Parts Group, and Corporate. The Automotive Parts Group segment distributes replacement parts, other than body parts for substantially all makes and models of automobiles, trucks, and other vehicles.