Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and accessory and supply items used by various automotive aftermarket customers, 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. It also distributes industrial replacement parts and related supplies, such as bearings, mechanical and electrical power transmission products, industrial automation and robotics, hoses, hydraulic and pneumatic components, industrial and safety supplies, and material handling products for original equipment manufacturer, as well as maintenance, repair, and operation customers in equipment and machinery, food and beverage, forest product, primary metal, pulp and paper, mining, automotive, oil and gas, petrochemical, pharmaceutical, power generation, alternative energy, governments, transportation, ports, and other industries. In addition, the company provides various services and repairs comprising gearbox and fluid power and process pump assembly and repair, hydraulic drive shaft repair, electrical panel assembly and repair, hose and gasket manufacture and assembly, and other value-added services. It operates in the United States, Canada, France, the United Kingdom, Ireland, Germany, Poland, the Netherlands, Belgium, Australia, New Zealand, Mexico, Indonesia, and Singapore. The company was incorporated in 1928 and is headquartered in Atlanta, Georgia.
Genuine Parts Stock Performance
NYSE:GPC opened at $158.10 on Monday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.17 and a quick ratio of 0.58. The stock's 50 day simple moving average is $140.41 and its 200-day simple moving average is $133.46. The company has a market cap of $22.36 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. Genuine Parts has a 1-year low of $115.63 and a 1-year high of $158.10.
Genuine Parts (NYSE:GPC - Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.17. Genuine Parts had a return on equity of 31.67% and a net margin of 5.38%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same quarter last year, the firm posted $1.74 EPS. The firm's revenue for the quarter was up 17.1% on a year-over-year basis. As a group, equities research analysts anticipate that Genuine Parts will post 7.95 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. Bank of America upgraded Genuine Parts from an "underperform" rating to a "neutral" rating and set a $133.00 target price on the stock in a research report on Tuesday, May 10th. They noted that the move was a valuation call. Evercore ISI cut their price objective on Genuine Parts to $135.00 in a research report on Thursday, June 9th. Finally, Wedbush increased their target price on Genuine Parts from $140.00 to $150.00 in a research report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, Genuine Parts has an average rating of "Hold" and a consensus target price of $140.20.