Genuine Parts Company (NYSE:GPC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $116.30 and traded as high as $128.12. Genuine Parts shares last traded at $125.7840, with a volume of 830,462 shares changing hands.
Analyst Upgrades and Downgrades
GPC has been the topic of several analyst reports. DA Davidson increased their target price on Genuine Parts from $150.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. UBS Group restated a "neutral" rating and set a $122.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Genuine Parts in a report on Monday, September 21st. Evercore restated an "outperform" rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $165.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $147.86.
Get Our Latest Stock Analysis on GPC
Genuine Parts Stock Down 0.9%
The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88. The firm has a market cap of $17.34 billion, a price-to-earnings ratio of 503.14, a price-to-earnings-growth ratio of 2.35 and a beta of 0.64. The stock's 50 day moving average is $132.14 and its 200 day moving average is $116.30.
Genuine Parts (NYSE:GPC - Get Free Report) last announced its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, topping the consensus estimate of $2.08 by $0.07. The firm had revenue of $6.54 billion for the quarter, compared to analysts' expectations of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts forecast that Genuine Parts Company will post 7.73 EPS for the current year.
Genuine Parts Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a dividend of $1.0625 per share. The ex-dividend date is Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.4%. Genuine Parts's dividend payout ratio (DPR) is 1,700.00%.
Institutional Trading of Genuine Parts
A number of large investors have recently added to or reduced their stakes in GPC. QRG Capital Management Inc. grew its position in Genuine Parts by 4.4% in the second quarter. QRG Capital Management Inc. now owns 8,372 shares of the specialty retailer's stock worth $988,000 after buying an additional 356 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Genuine Parts by 18.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,253 shares of the specialty retailer's stock valued at $502,000 after acquiring an additional 673 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Genuine Parts by 10.9% during the 2nd quarter. Tidal Investments LLC now owns 51,823 shares of the specialty retailer's stock worth $6,114,000 after acquiring an additional 5,101 shares in the last quarter. National Pension Service grew its holdings in shares of Genuine Parts by 68.2% in the 2nd quarter. National Pension Service now owns 14,417 shares of the specialty retailer's stock worth $1,701,000 after acquiring an additional 5,846 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of Genuine Parts during the second quarter worth $590,000. 78.83% of the stock is currently owned by institutional investors.
Genuine Parts Company Profile
(
Get Free Report)
Genuine Parts Company NYSE: GPC is a global distributor of automotive replacement parts and industrial components. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional repair businesses, retailers, equipment manufacturers, and other commercial customers through a broad distribution and service network.
In its automotive business, Genuine Parts distributes replacement parts, accessories, tools, and equipment for cars and light trucks. Its operations include the NAPA Auto Parts brand in North America, along with automotive distribution businesses serving customers in Europe and Australasia.
Further Reading
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