Genuine Parts (NYSE:GPC) Receives $135.88 Average Target Price from Analysts

Shares of Genuine Parts (NYSE:GPC - Get Free Report) have been given a consensus recommendation of "Hold" by the nine brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $131.00.

Several analysts recently issued reports on GPC shares. Truist Financial increased their target price on Genuine Parts from $129.00 to $133.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Loop Capital began coverage on shares of Genuine Parts in a report on Thursday, January 16th. They issued a "buy" rating and a $155.00 target price on the stock. The Goldman Sachs Group reaffirmed 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. Evercore ISI upgraded shares of Genuine Parts from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $128.00 to $135.00 in a research note on Friday, April 4th. Finally, Northcoast Research downgraded shares of Genuine Parts from a "buy" rating to a "neutral" rating in a report on Friday, January 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GPC. Millstone Evans Group LLC purchased a new position in Genuine Parts during the 4th quarter valued at $25,000. Kestra Investment Management LLC bought a new position in Genuine Parts in the fourth quarter worth approximately $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Genuine Parts during the 4th quarter worth $28,000. Compass Planning Associates Inc purchased a new stake in shares of Genuine Parts during the fourth quarter valued at about $29,000. Finally, Synergy Asset Management LLC purchased a new position in Genuine Parts in the fourth quarter worth $32,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Stock Performance

GPC stock traded up $1.85 during midday trading on Wednesday, reaching $114.02. 1,632,737 shares of the company's stock traded hands, compared to its average volume of 1,235,831. The company has a current ratio of 1.16, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86. Genuine Parts has a 52-week low of $104.01 and a 52-week high of $163.86. The stock has a market cap of $15.82 billion, a P/E ratio of 17.62 and a beta of 0.82. The stock's 50-day moving average is $119.81 and its 200 day moving average is $121.22.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.07. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. The company had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the previous year, the company posted $2.26 EPS. As a group, analysts anticipate that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were given a dividend of $1.03 per share. The ex-dividend date was Friday, March 7th. This is an increase from Genuine Parts's previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 3.61%. Genuine Parts's dividend payout ratio is 63.68%.

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.