Genuine Parts (NYSE:GPC) Given Consensus Rating of "Moderate Buy" by Brokerages

Genuine Parts (NYSE:GPC - Get Free Report) has earned a consensus rating of "Moderate Buy" from the ten analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $130.86.

GPC has been the subject of a number of recent research reports. Argus upgraded Genuine Parts to a "strong-buy" rating in a research report on Friday, April 25th. StockNews.com downgraded shares of Genuine Parts from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Northcoast Research cut shares of Genuine Parts from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. Truist Financial raised their price objective on shares of Genuine Parts from $133.00 to $137.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, Loop Capital started coverage on shares of Genuine Parts in a report on Thursday, January 16th. They set a "buy" rating and a $155.00 target price for the company.

Genuine Parts Stock Performance

Genuine Parts stock opened at $117.35 on Friday. The stock has a 50-day simple moving average of $117.95 and a 200 day simple moving average of $119.42. The stock has a market capitalization of $16.29 billion, a price-to-earnings ratio of 18.14 and a beta of 0.76. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 0.86. Genuine Parts has a 12-month low of $104.01 and a 12-month high of $158.65.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.09. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.83 billion. On average, research analysts anticipate that Genuine Parts will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.51%. The ex-dividend date is Friday, June 6th. Genuine Parts's payout ratio is presently 67.65%.

Institutional Investors Weigh In On Genuine Parts

Several large investors have recently modified their holdings of the business. Caprock Group LLC bought a new position in Genuine Parts during the 4th quarter worth about $540,000. Dimensional Fund Advisors LP grew its holdings in shares of Genuine Parts by 12.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,698,737 shares of the specialty retailer's stock worth $198,338,000 after buying an additional 182,965 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Genuine Parts by 436.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 31,451 shares of the specialty retailer's stock valued at $3,672,000 after buying an additional 25,583 shares during the last quarter. Verity & Verity LLC lifted its stake in Genuine Parts by 9.7% in the 4th quarter. Verity & Verity LLC now owns 104,473 shares of the specialty retailer's stock valued at $12,198,000 after acquiring an additional 9,199 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Genuine Parts during the 4th quarter worth approximately $21,840,000. 78.83% of the stock is currently owned by institutional investors.

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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