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

Shares of Genuine Parts Company (NYSE:GPC - Get Free Report) have been given an average rating of "Moderate Buy" by the ten research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $130.86.

Several equities research analysts have recently issued reports on GPC shares. Argus raised shares of Genuine Parts to a "strong-buy" rating in a research note on Friday, April 25th. The Goldman Sachs Group reissued a "sell" rating and set a $114.00 target price (down from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. Truist Financial increased their target price on shares of Genuine Parts from $133.00 to $137.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Evercore ISI lowered their target price on shares of Genuine Parts from $135.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Wall Street Zen lowered shares of Genuine Parts from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th.

Genuine Parts Price Performance

NYSE:GPC opened at $120.47 on Monday. Genuine Parts has a one year low of $104.01 and a one year high of $149.22. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.52 and a current ratio of 1.15. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 19.78 and a beta of 0.76. The firm's fifty day moving average is $121.89 and its two-hundred day moving average is $119.83.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 EPS for the quarter, beating the consensus estimate of $1.66 by $0.09. Genuine Parts had a net margin of 3.60% and a return on equity of 23.71%. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.83 billion. Research analysts expect that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Friday, June 6th. Genuine Parts's dividend payout ratio is presently 67.65%.

Institutional Trading of Genuine Parts

A number of hedge funds have recently bought and sold shares of the business. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Genuine Parts in the 1st quarter valued at about $1,277,000. Howe & Rusling Inc. raised its holdings in Genuine Parts by 0.9% in the 1st quarter. Howe & Rusling Inc. now owns 42,440 shares of the specialty retailer's stock valued at $5,056,000 after acquiring an additional 362 shares during the last quarter. Inspire Investing LLC raised its holdings in Genuine Parts by 11.9% in the 1st quarter. Inspire Investing LLC now owns 16,745 shares of the specialty retailer's stock valued at $1,995,000 after acquiring an additional 1,777 shares during the last quarter. Ellsworth Advisors LLC raised its holdings in Genuine Parts by 2.3% in the 1st quarter. Ellsworth Advisors LLC now owns 44,673 shares of the specialty retailer's stock valued at $5,322,000 after acquiring an additional 993 shares during the last quarter. Finally, Jacobi Capital Management LLC raised its holdings in Genuine Parts by 8.6% in the 1st quarter. Jacobi Capital Management LLC now owns 12,388 shares of the specialty retailer's stock valued at $1,476,000 after acquiring an additional 984 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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