Genuine Parts Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Genuine Parts in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Genuine Parts stock. 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.
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Genuine Parts is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.
View our earnings forecast for Genuine Parts.

Genuine Parts (NYSE:GPC) announced its quarterly earnings data on Thursday, July, 22nd. The specialty retailer reported $1.74 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.20. The specialty retailer earned $4.78 billion during the quarter, compared to the consensus estimate of $4.34 billion. Genuine Parts had a trailing twelve-month return on equity of 28.92% and a net margin of 4.55%. The firm's revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.32 EPS.
View Genuine Parts' earnings history.

Genuine Parts' stock was trading at $83.90 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GPC stock has increased by 48.0% and is now trading at $124.19.
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Genuine Parts announced a quarterly dividend on Monday, August 16th. Investors of record on Friday, September 3rd will be paid a dividend of $0.815 per share on Friday, October 1st. This represents a $3.26 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, September 2nd.
View Genuine Parts' dividend history.

Genuine Parts pays an annual dividend of $3.26 per share and currently has a dividend yield of 2.63%. Genuine Parts has been increasing its dividend for 59 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Genuine Parts is 61.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Genuine Parts will have a dividend payout ratio of 47.87% next year. This indicates that Genuine Parts will be able to sustain or increase its dividend.
View Genuine Parts' dividend history.

Genuine Parts updated its FY 2021 earnings guidance on Thursday, August, 5th. The company provided earnings per share (EPS) guidance of $6.200-$6.350 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.060. The company issued revenue guidance of $18.19 billion-$18.52 billion, compared to the consensus revenue estimate of $17.66 billion.

6 brokers have issued 1 year target prices for Genuine Parts' stock. Their forecasts range from $106.00 to $140.00. On average, they expect Genuine Parts' stock price to reach $128.00 in the next year. This suggests a possible upside of 3.1% from the stock's current price.
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41 employees have rated Genuine Parts CEO Paul Donahue on Glassdoor.com. Paul Donahue has an approval rating of 73% among Genuine Parts' employees.

Some companies that are related to Genuine Parts include Pool (POOL), LKQ (LKQ), Core-Mark (CORE), VOXX International (VOXX) and Weyco Group (WEYS).
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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), The Coca-Cola (KO), AbbVie (ABBV), Pfizer (PFE), The Procter & Gamble (PG), Cisco Systems (CSCO) and Chevron (CVX).

Genuine Parts trades on the New York Stock Exchange (NYSE) under the ticker symbol "GPC."

Genuine Parts' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.59%), BlackRock Inc. (9.91%), State Street Corp (5.59%), Charles Schwab Investment Management Inc. (3.12%), Caisse DE Depot ET Placement DU Quebec (2.01%) and Wells Fargo & Company MN (1.89%). Company insiders that own Genuine Parts stock include John R Holder, Kevin Herron, Randall P Breaux and Thomas Gallagher.
View institutional ownership trends for Genuine Parts.

GPC stock was sold by a variety of institutional investors in the last quarter, including abrdn plc, Caisse DE Depot ET Placement DU Quebec, American Century Companies Inc., Federated Hermes Inc., FMR LLC, Bank of America Corp DE, Bank of America Corp DE, and Wells Fargo & Company MN.
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GPC stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Prudential Financial Inc., Royal Bank of Canada, Charles Schwab Investment Management Inc., Amundi, Goldman Sachs Group Inc., Legal & General Group Plc, and Invesco Ltd.. Company insiders that have bought Genuine Parts stock in the last two years include John R Holder, and Thomas Gallagher.
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Shares of GPC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GPC stock can currently be purchased for approximately $124.19.

Genuine Parts has a market capitalization of $17.79 billion and generates $16.54 billion in revenue each year. The specialty retailer earns $-29,100,000.00 in net income (profit) each year or $5.27 on an earnings per share basis.

Genuine Parts employs 50,000 workers across the globe.

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, MOTION INDUSTRIES INC., Merle's Automotive Supply, NATIONAL AUTOMOTIVE PARTS ASSOCIATION LLC, Olympus Imported, S.P. RICHARDS COMPANY, Sparesbox, and UAP INC..

Genuine Parts was founded in 1928.

The official website for Genuine Parts is www.genpt.com.

Genuine Parts is headquartered at 2999 WILDWOOD PARKWAY, ATLANTA GA, 30339.

Genuine Parts' mailing address is 2999 WILDWOOD PARKWAY, ATLANTA GA, 30339. The specialty retailer can be reached via phone at (678) 934-5000 or via email at [email protected]