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

Genuine Parts Company (NYSE:GPC) has been given a consensus rating of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $145.5714.

Several brokerages recently commented on GPC. Evercore set a $160.00 price objective on Genuine Parts in a report on Friday, February 20th. Raymond James Financial raised Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 target price on the stock in a research report on Tuesday, February 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Monday, December 29th. Truist Financial set a $127.00 price target on shares of Genuine Parts and gave the company a “hold” rating in a research report on Wednesday, February 18th. Finally, UBS Group lowered their price objective on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th.

Hedge Funds Weigh In On Genuine Parts

A number of institutional investors have recently bought and sold shares of GPC. Olistico Wealth LLC bought a new position in Genuine Parts during the fourth quarter valued at approximately $25,000. Strive Financial Group LLC purchased a new stake in shares of Genuine Parts during the 4th quarter worth approximately $25,000. Community Bank N.A. bought a new position in shares of Genuine Parts during the 3rd quarter valued at approximately $27,000. Peoples Financial Services CORP. purchased a new position in shares of Genuine Parts in the third quarter valued at $29,000. Finally, WPG Advisers LLC increased its position 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. 78.83% of the stock is owned by institutional investors.

Genuine Parts Stock Down 1.2%

GPC opened at $115.73 on Friday. The stock has a market capitalization of $16.10 billion, a price-to-earnings ratio of 251.59 and a beta of 0.75. The firm has a 50 day moving average price of $131.06 and a 200-day moving average price of $132.10. Genuine Parts has a twelve month low of $104.01 and a twelve month high of $151.57. The company has a quick ratio of 0.46, a current ratio of 1.08 and a debt-to-equity ratio of 0.79.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.24). The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.06 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.27%.The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $1.61 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts forecast that Genuine Parts will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a dividend of $1.0625 per share. The ex-dividend date is Friday, March 6th. This represents a $4.25 annualized dividend and a dividend yield of 3.7%. This is a boost from Genuine Parts’s previous quarterly dividend of $1.03. Genuine Parts’s dividend payout ratio is 895.65%.

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.