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

Genuine Parts Company (NYSE:GPC) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $148.00.

GPC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Genuine Parts from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. The Goldman Sachs Group raised shares of Genuine Parts from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $130.00 to $142.00 in a research note on Thursday, November 13th. Truist Financial upped their target price on shares of Genuine Parts from $143.00 to $146.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, December 29th.

Genuine Parts Stock Down 1.6%

Shares of GPC stock opened at $146.13 on Tuesday. Genuine Parts has a one year low of $104.01 and a one year high of $149.27. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.14 and a quick ratio of 0.51. The stock has a fifty day moving average price of $131.95 and a 200 day moving average price of $133.12. The stock has a market cap of $20.33 billion, a P/E ratio of 25.15 and a beta of 0.74.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were paid a $1.03 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. Genuine Parts’s dividend payout ratio is 70.91%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Olistico Wealth LLC bought a new position in shares of Genuine Parts in the 4th quarter valued at about $25,000. Community Bank N.A. bought a new stake in shares of Genuine Parts in the 3rd quarter valued at about $27,000. Peoples Financial Services CORP. acquired a new stake in Genuine Parts in the 3rd quarter valued at about $29,000. WPG Advisers LLC grew its holdings in Genuine Parts by 213.0% during 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 period. Finally, Lodestone Wealth Management LLC bought a new position in Genuine Parts during the fourth quarter worth about $32,000. Institutional investors own 78.83% of the company’s stock.

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.