Genuine Parts Company (NYSE:GPC) Receives Average Recommendation of "Hold" from Analysts

Genuine Parts Company (NYSE:GPC - Get Free Report) has earned a consensus recommendation of "Hold" from the eleven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, four have assigned a buy recommendation and one has 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 $138.1429.

Several analysts have recently issued reports on the stock. Evercore ISI boosted their price objective on shares of Genuine Parts from $148.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, October 1st. Truist Financial boosted their price objective on shares of Genuine Parts from $137.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Loop Capital boosted their price objective on shares of Genuine Parts from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Weiss Ratings reissued a "hold (c)" rating on shares of Genuine Parts in a research note on Saturday, September 27th. Finally, UBS Group boosted their price objective on shares of Genuine Parts from $125.00 to $135.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd.

Genuine Parts Trading Down 1.8%

Shares of GPC opened at $135.97 on Wednesday. The stock has a fifty day moving average of $137.39 and a two-hundred day moving average of $127.08. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 1.14. The company has a market capitalization of $18.91 billion, a PE ratio of 23.40 and a beta of 0.77. Genuine Parts has a fifty-two week low of $104.01 and a fifty-two week high of $144.29.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.02. The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.10 billion. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.Genuine Parts's revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.44 EPS. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. As a group, analysts forecast that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. Genuine Parts's payout ratio is currently 70.91%.

Insiders Place Their Bets

In related news, EVP Naveen Krishna sold 5,303 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president directly owned 26,112 shares of the company's stock, valued at approximately $3,606,589.44. This represents a 16.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.42% of the company's stock.

Hedge Funds Weigh In On Genuine Parts

A number of institutional investors have recently added to or reduced their stakes in the company. Rossby Financial LCC acquired a new stake in shares of Genuine Parts in the 1st quarter valued at about $25,000. Olde Wealth Management LLC acquired a new stake in Genuine Parts during the first quarter worth about $27,000. North Capital Inc. bought a new position in Genuine Parts in the 1st quarter worth about $28,000. Golden State Wealth Management LLC grew its position in Genuine Parts by 8,833.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 268 shares of the specialty retailer's stock worth $33,000 after purchasing an additional 265 shares during the last quarter. Finally, Concord Wealth Partners grew its position in Genuine Parts by 148.7% in the 2nd quarter. Concord Wealth Partners now owns 296 shares of the specialty retailer's stock worth $36,000 after purchasing an additional 177 shares during the last quarter. Institutional investors and hedge funds own 78.83% of the company's stock.

Genuine Parts Company Profile

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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