Genuine Parts - GPC Stock Forecast, Price & News

4 Wall Street 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 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 twelve-month target prices for Genuine Parts' stock. Their GPC share price forecasts range from $133.00 to $150.00. On average, they predict the company's stock price to reach $140.20 in the next twelve months. This suggests that the stock has a possible downside of 8.1%.
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 beginning of 2022. Since then, GPC stock has increased by 8.9% and is now trading at $152.62.
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Genuine Parts saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,510,000 shares, an increase of 23.8% from the June 30th total of 1,220,000 shares. Based on an average daily volume of 793,400 shares, the short-interest ratio is presently 1.9 days. Approximately 1.1% of the shares of the stock are short sold.
View Genuine Parts' Short Interest.

Genuine Parts is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
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Genuine Parts (NYSE:GPC) posted its quarterly earnings data on Wednesday, July, 27th. The specialty retailer reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.17. The specialty retailer had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.30 billion. Genuine Parts had a net margin of 5.38% and a trailing twelve-month return on equity of 31.67%. The firm's revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the company posted $1.74 EPS.
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Genuine Parts declared a quarterly dividend on Thursday, April 28th. Stockholders of record on Friday, June 3rd will be paid a dividend of $0.895 per share on Friday, July 1st. This represents a $3.58 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, June 2nd.
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 67 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 42.22% 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 earnings per share 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 institutional and retail investors. Top institutional investors include Truist Financial Corp (1.14%), ProShare Advisors LLC (0.89%), Hamlin Capital Management LLC (0.66%), Envestnet Asset Management Inc. (0.48%), Swiss National Bank (0.44%) and Victory Capital Management Inc. (0.43%). 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 $152.62.

Genuine Parts (NYSE:GPC) has a market capitalization of $21.59 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.

Genuine Parts employs 52,000 workers across the globe.

Genuine Parts was founded in 1928.

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.