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NYSE:GPC

Genuine Parts (GPC) Stock Price, News & Analysis

$145.65
-3.94 (-2.63%)
(As of 05/23/2024 ET)
Today's Range
$145.56
$149.01
50-Day Range
$144.07
$163.36
52-Week Range
$126.35
$170.57
Volume
723,038 shs
Average Volume
870,685 shs
Market Capitalization
$20.29 billion
P/E Ratio
16.24
Dividend Yield
2.75%
Price Target
$173.10

Genuine Parts MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
18.8% Upside
$173.10 Price Target
Short Interest
Healthy
1.72% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.09
Upright™ Environmental Score
News Sentiment
1.12mentions of Genuine Parts in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$957,360 Sold Last Quarter
Proj. Earnings Growth
9.27%
From $9.92 to $10.84 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.22 out of 5 stars

Auto/Tires/Trucks Sector

14th out of 78 stocks

Motor Vehicle Supplies & New Parts Industry

1st out of 1 stocks

GPC stock logo

About Genuine Parts Stock (NYSE:GPC)

Genuine Parts Company is a leading distributor of office products, automotive and industrial replacement parts, and electrical/electronic materials. The company was founded in 1928 and is headquartered in Atlanta, Georgia, with operations in North America, Europe, Asia-Pacific, and Africa. GPC's mission is to provide quality products and services that exceed customer expectations and enhance shareholder value.

GPC operates through four business segments: Automotive Parts Group, Industrial Parts Group, Office Products Group, and Electrical/Electronic Materials Group. The Automotive Parts Group provides replacement parts, accessories, and supplies for automobiles, trucks, and other vehicles. The Industrial Parts Group includes replacement parts, equipment, and supplies for industrial applications such as mining, manufacturing, and construction. The Office Products Group provides businesses and consumers with office supplies, furniture, and technology products. The Electrical/Electronic Materials Group provides electrical and electronic components, wire and cable products, and data communication products to customers in various industries.

GPC's target market includes commercial and retail customers across various industries, including automotive repair shops, industrial facilities, government agencies, and schools. The company's key customers include NAPA Auto Parts, Motion Industries, S.P. Richards, and EIS Inc.

GPC has achieved several key milestones over the years, including its inclusion in the Fortune 500 list and recognition as one of the World's Most Ethical Companies by the Ethisphere Institute.

The GPC management team is led by Paul D. Donahue, who has been Chief Executive Officer since 2016. Donahue has been with GPC for over 40 years and has held various leadership positions. 

GPC reported that total revenues and net income had increased over the past few years. GPC has a high debt level but also enough assets to cover the debt. GPC's current price-to-earnings ratio is slightly below the industry average, and the price-to-sales ratio is below the industry average. GPC's dividend yield is above the industry average.

GPC's stock has performed well over the past few years. The stock experienced a COVID-19 pandemic drop in Q1 of 2020, dropping the price to about $50. The stock has since rebounded to over $150 per share. 

The automotive and industrial parts distribution industry is highly competitive, with several prominent players competing for market share. GPC's main competitors include O'Reilly Automotive, Inc., Advance Auto Parts, Inc., and W.W. Grainger, Inc. The industry is subject to regulatory and political risks, such as changes in environmental regulations or trade policies. GPC is competitive in the industry due to its scale, product range, and distribution capabilities. The company has also invested heavily in technology and digital capabilities to enhance customer service and supply chain efficiency.

Genuine Parts Company has several growth opportunities that could help it expand its business and increase revenue. One of the key areas of focus for the company is its e-commerce platform, which has become increasingly important in recent years. The company has invested heavily in its online capabilities, including launching new websites and improving its mobile app. In 2021, the company launched a new e-commerce platform called PartsTech, which allows customers to search for and order parts from various suppliers quickly.

The company also expands its footprint in the automotive aftermarket industry through acquisitions. In 2020, the company acquired Todd Group, a leading automotive aftermarket parts and supplies distributor in the Pacific Northwest. This acquisition helped expand the company's regional presence and provided access to new customers and markets.

Another growth opportunity for Genuine Parts Company is international expansion. The company operates in over 30 countries, focusing on Europe and Australasia. In 2021, the company announced plans to expand its footprint in Australia by acquiring Inenco Group, a leading distributor of industrial parts and supplies in the region. This acquisition will help the company establish a more substantial presence in the Australian market and provide access to new customers and markets.

Genuine Parts Company has several competitive advantages that give it an edge. One of the company's key strengths is its extensive distribution network, which includes over 3,100 locations worldwide. This network allows the company to reach various customers, from independent repair shops to large national chains.

While Genuine Parts Company has several strengths, some risks and challenges could impact the company's performance. One of the company's biggest challenges is the increasing competition in the automotive and industrial markets. The company competes with a range of other distributors, including national chains and online retailers, which could pressure pricing and margins.

Genuine Parts Company is exposed to regulatory and political risks, particularly in international markets. Regulation changes or political instability could impact the company's ability to operate in specific regions or increase costs.

Genuine Parts Company has implemented several risk management strategies to mitigate these risks, including diversifying its product offerings and supplier base, investing in its supply chain capabilities, and maintaining a solid balance sheet.

GPC Stock Price History

GPC Stock News Headlines

Genuine Parts (NYSE:GPC) Stock Rating Upgraded by StockNews.com
StockNews.com Downgrades Genuine Parts (NYSE:GPC) to Hold
Genuine Parts Company (GPC)
Q1 2024 Genuine Parts Co Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 4/1 Dividend
2/29/2024
Dividend Payable
4/01/2024
Last Earnings
4/18/2024
Today
5/23/2024
Ex-Dividend for 7/1 Dividend
6/07/2024
Dividend Payable
7/01/2024
Next Earnings (Estimated)
7/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicle supplies & new parts
Sub-Industry
Distributors
CUSIP
37246010
Employees
60,000
Year Founded
1928

Price Target and Rating

Average Stock Price Target
$173.10
High Stock Price Target
$195.00
Low Stock Price Target
$152.00
Potential Upside/Downside
+18.8%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
10 Analysts

Profitability

Net Income
$1.32 billion
Pretax Margin
7.20%

Debt

Sales & Book Value

Annual Sales
$23.09 billion
Cash Flow
$11.43 per share
Book Value
$31.71 per share

Miscellaneous

Free Float
138,784,000
Market Cap
$20.29 billion
Optionable
Optionable
Beta
0.94

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Key Executives

  • Mr. Paul D. Donahue (Age 67)
    Chairman & CEO
    Comp: $3.23M
  • Mr. William P. Stengel II (Age 46)
    President & COO
    Comp: $1.54M
  • Mr. Herbert C. Nappier (Age 49)
    Executive VP & CFO
    Comp: $1.26M
  • Mr. James R. Neill (Age 62)
    Executive VP & Chief Human Resources Officer
    Comp: $940.54k
  • Mr. Randall P. BreauxMr. Randall P. Breaux (Age 61)
    Group President of GPC North America
    Comp: $1.96M
  • Mr. Naveen Krishna (Age 56)
    Executive VP and Chief Information & Digital Officer
  • Mr. Sidney G. Jones
    Senior Vice President of Investor Relations
  • Mr. Christopher T. Galla (Age 49)
    Senior VP, General Counsel & Corporate Secretary
  • Mr. Treg S. Brown
    Executive Vice President of Mergers & Acquisitions
  • Ms. Lisa K. Hamilton
    Senior Vice President of Total Rewards

GPC Stock Analysis - Frequently Asked Questions

Should I buy or sell Genuine Parts stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Genuine Parts in the last twelve months. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GPC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GPC, but not buy additional shares or sell existing shares.
View GPC analyst ratings
or view top-rated stocks.

What is Genuine Parts' stock price target for 2024?

10 equities research analysts have issued twelve-month price objectives for Genuine Parts' stock. Their GPC share price targets range from $152.00 to $195.00. On average, they anticipate the company's stock price to reach $173.10 in the next year. This suggests a possible upside of 18.8% from the stock's current price.
View analysts price targets for GPC
or view top-rated stocks among Wall Street analysts.

How have GPC shares performed in 2024?

Genuine Parts' stock was trading at $138.50 on January 1st, 2024. Since then, GPC stock has increased by 5.2% and is now trading at $145.65.
View the best growth stocks for 2024 here
.

When is Genuine Parts' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024.
View our GPC earnings forecast
.

How were Genuine Parts' earnings last quarter?

Genuine Parts (NYSE:GPC) announced its quarterly earnings data on Thursday, April, 18th. The specialty retailer reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.07. The specialty retailer earned $5.78 billion during the quarter, compared to the consensus estimate of $5.84 billion. Genuine Parts had a net margin of 5.46% and a trailing twelve-month return on equity of 30.92%. Genuine Parts's revenue was up .3% compared to the same quarter last year. During the same period last year, the business posted $2.14 EPS.
Read the conference call transcript
.

How often does Genuine Parts pay dividends? What is the dividend yield for Genuine Parts?

Genuine Parts announced a quarterly dividend on Tuesday, April 30th. Investors of record on Friday, June 7th will be paid a dividend of $1.00 per share on Monday, July 1st. This represents a $4.00 annualized dividend and a yield of 2.75%. The ex-dividend date is Friday, June 7th.
Read our dividend analysis for GPC
.

Is Genuine Parts a good dividend stock?

Genuine Parts (NYSE:GPC) pays an annual dividend of $4.00 per share and currently has a dividend yield of 2.64%. The company has been increasing its dividend for 69 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 44.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GPC will have a dividend payout ratio of 36.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GPC.

What guidance has Genuine Parts issued on next quarter's earnings?

Genuine Parts updated its FY24 earnings guidance on Thursday, April, 18th. The company provided EPS guidance of $9.80-9.90 for the period, compared to the consensus earnings per share estimate of $9.78. The company issued revenue guidance of +3-5% yr/yr to ~$23.78-24.25, compared to the consensus revenue estimate of $23.84 billion.

What is Paul Donahue's approval rating as Genuine Parts' CEO?

41 employees have rated Genuine Parts Chief Executive Officer Paul Donahue on Glassdoor.com. Paul Donahue has an approval rating of 73% among the company's employees.

What other stocks do shareholders of Genuine Parts own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Genuine Parts investors own include AT&T (T), Johnson & Johnson (JNJ), Verizon Communications (VZ), Exxon Mobil (XOM), Coca-Cola (KO), AbbVie (ABBV), Pfizer (PFE), Procter & Gamble (PG), Cisco Systems (CSCO) and Chevron (CVX).

Who are Genuine Parts' major shareholders?

Genuine Parts' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.53%), ProShare Advisors LLC (0.88%), Bank of New York Mellon Corp (0.81%), Gabelli Funds LLC (0.66%), Bessemer Group Inc. (0.49%) and Gamco Investors INC. ET AL (0.38%). Insiders that own company stock include John R Holder, Paul D Donahue, Randall P Breaux and Wendy B Needham.
View institutional ownership trends
.

How do I buy shares of Genuine Parts?

Shares of GPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Genuine Parts have any subsidiaries?
The following companies are subsidiares of Genuine Parts: Alliance Automotive Group, Auto-Camping, Covs Parts, GPC ASIA PACIFIC HOLDINGS PTY LTD, GPC EUROPE AUTOMOTIVE GROUP LTD., Hastings Auto Parts, Hydraulic Supply Co., Inenco Group, KDG, MOTION ASIA PACIFIC PTY LTD, MOTION INDUSTRIES INC., Merle's Automotive Supply, NATIONAL AUTOMOTIVE PARTS ASSOCIATION LLC, Olympus Imported, Sparesbox, and UAP INC..
Read More
This page (NYSE:GPC) was last updated on 5/24/2024 by MarketBeat.com Staff

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