Genuine Parts (NYSE:GPC) had its target price increased by stock analysts at Royal Bank of Canada from $97.00 to $104.00 in a note issued to investors on Thursday. The firm presently has a "sector perform" rating on the specialty retailer's stock. Royal Bank of Canada's price target would suggest a potential downside of 1.72% from the stock's previous close.
GPC has been the topic of a number of other reports. Zacks Investment Research lowered Genuine Parts from a "hold" rating to a "sell" rating and set a $110.00 target price on the stock. in a research note on Tuesday. Bank of America lowered Genuine Parts from a "buy" rating to an "underperform" rating and set a $106.00 target price on the stock. in a research note on Wednesday, December 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. The stock has an average rating of "Hold" and an average target price of $101.43.
NYSE:GPC traded down $0.49 during trading hours on Thursday, hitting $105.82. The stock had a trading volume of 5,236 shares, compared to its average volume of 871,893. The company has a 50 day simple moving average of $101.29 and a two-hundred day simple moving average of $98.32. The firm has a market capitalization of $15.28 billion, a price-to-earnings ratio of -79.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 0.66. Genuine Parts has a one year low of $49.68 and a one year high of $108.55.
Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, February 16th. The specialty retailer reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.35 by $0.17. Genuine Parts had a positive return on equity of 23.26% and a negative net margin of 1.10%. During the same period in the prior year, the firm earned $1.35 EPS. Equities research analysts anticipate that Genuine Parts will post 5.1 earnings per share for the current year.
In other Genuine Parts news, Director John R. Holder acquired 1,000 shares of the company's stock in a transaction on Friday, December 18th. The stock was acquired at an average price of $97.00 per share, for a total transaction of $97,000.00. Following the acquisition, the director now owns 13,731 shares in the company, valued at approximately $1,331,907. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.00% of the company's stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Country Club Trust Company n.a. lifted its holdings in Genuine Parts by 23.8% in the 4th quarter. Country Club Trust Company n.a. now owns 47,936 shares of the specialty retailer's stock worth $4,775,000 after buying an additional 9,222 shares during the period. Knowledge Leaders Capital LLC bought a new position in shares of Genuine Parts in the 4th quarter worth approximately $824,000. Viking Fund Management LLC raised its position in shares of Genuine Parts by 16.7% in the 4th quarter. Viking Fund Management LLC now owns 17,500 shares of the specialty retailer's stock worth $1,758,000 after acquiring an additional 2,500 shares in the last quarter. CBOE Vest Financial LLC bought a new position in shares of Genuine Parts in the 4th quarter worth approximately $2,199,000. Finally, California State Teachers Retirement System increased its position in Genuine Parts by 1.8% during the 3rd quarter. California State Teachers Retirement System now owns 256,918 shares of the specialty retailer's stock valued at $24,451,000 after buying an additional 4,541 shares in the last quarter. Institutional investors and hedge funds own 76.87% of the company's stock.
Genuine Parts Company Profile
Genuine Parts Company distributes automotive replacement parts, industrial parts and materials, and business products in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Germany, Poland, the Netherlands, and Belgium. The company distributes automotive replacement parts for imported vehicles, hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.
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