Genuine Parts Company (NYSE:GPC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Genuine Parts Company (NYSE:GPC) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $143.3333.

Several equities analysts have recently commented on GPC shares. Truist Financial upped their price objective on shares of Genuine Parts from $143.00 to $146.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Weiss Ratings restated a “hold (c)” rating on shares of Genuine Parts in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Genuine Parts from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. UBS Group increased their target price on shares of Genuine Parts from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Finally, Loop Capital increased their target price on shares of Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 24th.

Insider Transactions at Genuine Parts

In other Genuine Parts news, EVP Naveen Krishna sold 5,303 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $138.12, for a total transaction of $732,450.36. Following the sale, the executive vice president directly owned 26,112 shares in the company, valued at $3,606,589.44. This represents a 16.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.42% of the stock is currently owned by company insiders.

Institutional Trading of Genuine Parts

A number of institutional investors have recently bought and sold shares of GPC. Amalgamated Bank lifted its position in Genuine Parts by 1.6% in the first quarter. Amalgamated Bank now owns 27,190 shares of the specialty retailer’s stock valued at $3,239,000 after acquiring an additional 428 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Genuine Parts by 2.9% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,562 shares of the specialty retailer’s stock valued at $1,973,000 after acquiring an additional 463 shares during the last quarter. Rossby Financial LCC purchased a new stake in Genuine Parts in the first quarter valued at $25,000. Keybank National Association OH lifted its position in Genuine Parts by 0.5% in the first quarter. Keybank National Association OH now owns 20,862 shares of the specialty retailer’s stock valued at $2,486,000 after acquiring an additional 98 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Genuine Parts in the first quarter valued at $2,422,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Stock Performance

Shares of GPC stock opened at $127.32 on Friday. The firm’s 50 day moving average price is $136.34 and its 200-day moving average price is $129.19. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.51 and a current ratio of 1.14. Genuine Parts has a one year low of $104.01 and a one year high of $143.48. The firm has a market cap of $17.71 billion, a P/E ratio of 21.91 and a beta of 0.77.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, October 21st. The specialty retailer reported $1.98 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.04). Genuine Parts had a return on equity of 22.57% and a net margin of 3.36%.The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. As a group, equities research analysts predict that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th were issued a dividend of $1.03 per share. The ex-dividend date was Friday, September 5th. This represents a $4.12 dividend on an annualized basis and a yield of 3.2%. Genuine Parts’s dividend payout ratio is 70.91%.

About Genuine Parts

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.