Genuine Parts Company (NYSE:GPC) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Genuine Parts Company has received a consensus rating of "Moderate Buy" from ten research firms, with an average 12-month price target of $137.86.
• The company reported $2.10 EPS for the last quarter, exceeding analysts' estimates, along with quarterly revenue of $6.16 billion, up 3.4% year-over-year.
• Genuine Parts recently declared a quarterly dividend of $1.03 per share, reflecting an annualized payout of $4.12 and a dividend yield of 2.9%.

Genuine Parts Company (NYSE:GPC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $137.8571.

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Genuine Parts from $134.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Truist Financial lifted their target price on Genuine Parts from $137.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Loop Capital lifted their target price on Genuine Parts from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Evercore ISI lifted their target price on Genuine Parts from $145.00 to $148.00 and gave the stock an "outperform" rating in a report on Tuesday, August 26th. Finally, UBS Group lifted their price target on Genuine Parts from $125.00 to $135.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Rossby Financial LCC purchased a new position in Genuine Parts in the first quarter valued at about $25,000. Olde Wealth Management LLC purchased a new position in Genuine Parts in the first quarter valued at about $27,000. North Capital Inc. purchased a new position in Genuine Parts in the first quarter valued at about $28,000. Golden State Wealth Management LLC grew its stake in Genuine Parts by 8,833.3% in the second quarter. Golden State Wealth Management LLC now owns 268 shares of the specialty retailer's stock valued at $33,000 after purchasing an additional 265 shares in the last quarter. Finally, Investors Research Corp grew its stake in Genuine Parts by 75.3% in the first quarter. Investors Research Corp now owns 291 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company's stock.

Genuine Parts Stock Down 1.0%

Shares of GPC stock opened at $141.36 on Friday. Genuine Parts has a 1 year low of $104.01 and a 1 year high of $144.29. The stock has a market cap of $19.66 billion, a PE ratio of 24.33 and a beta of 0.75. The business's fifty day moving average is $133.70 and its 200-day moving average is $125.30. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 1.14.

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

Genuine Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th will be issued a dividend of $1.03 per share. The ex-dividend date is Friday, September 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. Genuine Parts's payout ratio is currently 70.91%.

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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