Genuine Parts (NYSE:GPC) Sets New 12-Month Low - What's Next?

Key Points

• Genuine Parts shares hit a new 52-week low, trading as low as $90.78 amid recent pressure on the stock, even though the shares were last around $94.97.
• Analyst sentiment remains cautious: the stock has a consensus rating of “Hold” with a $143.71 price target, but some firms have lowered targets and Zacks cut it to “strong sell.”
• The company reported better-than-expected quarterly results, with EPS of $1.77 and revenue of $6.26 billion, and it also announced a quarterly dividend of $1.0625 per share.

Shares of Genuine Parts Company (NYSE:GPC - Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as $90.78 and last traded at $94.9730, with a volume of 1478183 shares traded. The stock had previously closed at $92.47.

Wall Street Analyst Weigh In

GPC has been the subject of several recent analyst reports. Evercore set a $160.00 price objective on Genuine Parts in a research report on Friday, February 20th. Weiss Ratings restated a "hold (c-)" rating on shares of Genuine Parts in a research report on Friday, March 27th. Zacks Research downgraded Genuine Parts from a "hold" rating to a "strong sell" rating in a research report on Wednesday, March 25th. Truist Financial lowered their target price on Genuine Parts from $127.00 to $124.00 and set a "hold" rating for the company in a report on Wednesday, April 22nd. Finally, UBS Group lowered their target price on Genuine Parts from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $143.71.

Genuine Parts Trading Up 2.7%

The company has a market cap of $13.07 billion, a price-to-earnings ratio of 220.87 and a beta of 0.70. The firm has a 50 day moving average price of $104.67 and a two-hundred day moving average price of $120.61. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

Genuine Parts (NYSE:GPC - Get Free Report) last released its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The business had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.17 billion. During the same quarter last year, the firm posted $1.75 earnings per share. The firm's revenue was up 6.8% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts forecast that Genuine Parts Company will post 7.65 earnings per share for the current year.

Genuine Parts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, June 5th. Genuine Parts's dividend payout ratio (DPR) is currently 988.37%.

Insider Buying and Selling at Genuine Parts

In other news, insider James F. Howe sold 415 shares of the firm's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total value of $43,296.95. Following the transaction, the insider owned 25,589 shares in the company, valued at $2,669,700.37. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of Genuine Parts

A number of institutional investors and hedge funds have recently modified their holdings of the business. United Asset Strategies Inc. increased its position in Genuine Parts by 1.6% in the fourth quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer's stock worth $552,000 after buying an additional 72 shares during the last quarter. J2 Capital Management Inc boosted its stake in Genuine Parts by 1.9% during the fourth quarter. J2 Capital Management Inc now owns 4,136 shares of the specialty retailer's stock valued at $509,000 after buying an additional 79 shares during the period. Hantz Financial Services Inc. boosted its stake in Genuine Parts by 25.9% during the third quarter. Hantz Financial Services Inc. now owns 399 shares of the specialty retailer's stock valued at $55,000 after buying an additional 82 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in Genuine Parts by 0.6% during the third quarter. Wealthcare Advisory Partners LLC now owns 14,806 shares of the specialty retailer's stock valued at $2,052,000 after buying an additional 83 shares during the period. Finally, Capital Investment Advisors LLC boosted its stake in Genuine Parts by 0.6% during the fourth quarter. Capital Investment Advisors LLC now owns 14,173 shares of the specialty retailer's stock valued at $1,743,000 after buying an additional 83 shares during the period. 78.83% of the stock is owned by hedge funds and other institutional investors.

About Genuine Parts

Genuine Parts Company NYSE: GPC is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.