Genuine Parts - GPC Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Genuine Parts in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street 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.
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4 equities research analysts have issued 1 year target prices for Genuine Parts' shares. Their GPC share price forecasts range from $133.00 to $150.00. On average, they expect the company's stock price to reach $140.20 in the next year. This suggests that the stock has a possible downside of 7.3%.
View analysts price targets for GPC or view top-rated stocks among Wall Street analysts.

Genuine Parts' stock was trading at $140.20 at the start of the year. Since then, GPC shares have increased by 7.9% and is now trading at $151.23.
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Genuine Parts saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,800,000 shares, a decline of 13.5% from the August 15th total of 2,080,000 shares. Based on an average trading volume of 862,900 shares, the short-interest ratio is currently 2.1 days. Currently, 1.3% of the company's stock are short sold.
View Genuine Parts' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our GPC earnings forecast.

Genuine Parts (NYSE:GPC) issued its earnings results on Wednesday, July, 27th. The specialty retailer reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.18. The specialty retailer had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.30 billion. Genuine Parts had a trailing twelve-month return on equity of 31.67% and a net margin of 5.38%. The business's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 earnings per share.
Read the conference call transcript.

Genuine Parts announced a quarterly dividend on Monday, August 15th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.895 per share on Monday, October 3rd. This represents a $3.58 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, September 1st.
Read our dividend analysis for GPC.

Genuine Parts (NYSE:GPC) pays an annual dividend of $3.58 per share and currently has a dividend yield of 2.37%. The company has been increasing its dividend for 66 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 46.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GPC will have a dividend payout ratio of 42.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GPC.

Genuine Parts issued an update on its FY 2022 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share (EPS) guidance of $7.80-$7.95 for the period, compared to the consensus estimate of $7.83. The company issued revenue guidance of $21.14 billion-$21.51 billion, compared to the consensus revenue estimate of $21.12 billion.

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.

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).

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 shareholders include State Street Corp (5.70%), Wells Fargo & Company MN (2.00%), Cullen Capital Management LLC (1.21%), Truist Financial Corp (1.14%), JPMorgan Chase & Co. (1.12%) and Northern Trust Corp (1.09%). Insiders that own company stock include John R Holder, Kevin Herron, Randall P Breaux and Thomas Gallagher.
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Shares of GPC stock 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 $151.23.

Genuine Parts (NYSE:GPC) has a market capitalization of $21.39 billion and generates $18.87 billion in revenue each year. The specialty retailer earns $898.79 million in net income (profit) each year or $7.72 on an earnings per share basis.

The company employs 52,000 workers across the globe.

Genuine Parts' mailing address is 2999 WILDWOOD PARKWAY, ATLANTA GA, 30339. The official website for the company is www.genpt.com. The specialty retailer can be reached via phone at (678) 934-5000, via email at webmaster@genpt.com, or via fax at 770-956-2211.