Genuine Parts Company (NYSE:GPC) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

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Genuine Parts Company (NYSE:GPC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $135.2857.

A number of equities analysts have weighed in on GPC shares. Wall Street Zen downgraded shares of Genuine Parts from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. UBS Group increased their price objective on shares of Genuine Parts from $125.00 to $135.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Argus raised shares of Genuine Parts to a "strong-buy" rating in a research report on Friday, April 25th. Evercore ISI dropped their price objective on shares of Genuine Parts from $135.00 to $130.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Finally, Truist Financial increased their price objective on shares of Genuine Parts from $137.00 to $143.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd.

Institutional Investors Weigh In On Genuine Parts

A number of large investors have recently added to or reduced their stakes in the company. Quadcap Wealth Management LLC grew its holdings in Genuine Parts by 1.4% during the 2nd quarter. Quadcap Wealth Management LLC now owns 5,578 shares of the specialty retailer's stock valued at $677,000 after purchasing an additional 75 shares in the last quarter. Penserra Capital Management LLC boosted its stake in Genuine Parts by 12.2% during the 2nd quarter. Penserra Capital Management LLC now owns 747 shares of the specialty retailer's stock valued at $90,000 after acquiring an additional 81 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its stake in Genuine Parts by 3.3% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 2,577 shares of the specialty retailer's stock valued at $313,000 after acquiring an additional 82 shares during the last quarter. Diversified Trust Co boosted its stake in Genuine Parts by 1.8% during the 2nd quarter. Diversified Trust Co now owns 4,636 shares of the specialty retailer's stock valued at $562,000 after acquiring an additional 83 shares during the last quarter. Finally, Brown Lisle Cummings Inc. boosted its stake in Genuine Parts by 5.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 1,541 shares of the specialty retailer's stock valued at $187,000 after acquiring an additional 83 shares during the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Stock Performance

NYSE:GPC opened at $137.31 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 1.14 and a debt-to-equity ratio of 0.79. The company has a market cap of $19.10 billion, a P/E ratio of 23.63 and a beta of 0.75. Genuine Parts has a fifty-two week low of $104.01 and a fifty-two week high of $144.49. The firm's 50 day moving average is $127.20 and its two-hundred day moving average is $122.96.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.02. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.10 billion. Genuine Parts had a net margin of 3.40% and a return on equity of 22.41%. Genuine Parts's revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.44 earnings per share. Analysts expect that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, September 5th. Genuine Parts's dividend payout ratio (DPR) is presently 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.

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