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 twelve months. There are currently 1 sell rating and 3 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.
View GPC analyst ratings or view top-rated stocks.

4 Wall Street analysts have issued 1 year price targets for Genuine Parts' stock. Their GPC share price forecasts range from $133.00 to $186.00. On average, they predict the company's stock price to reach $152.20 in the next twelve months. This suggests that the stock has a possible downside of 7.6%.
View analysts price targets for GPC or view top-rated stocks among Wall Street analysts.

Genuine Parts' stock was trading at $173.51 at the beginning of 2023. Since then, GPC stock has decreased by 5.0% and is now trading at $164.75.
View the best growth stocks for 2023 here.

Genuine Parts saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 3,280,000 shares, an increase of 5.1% from the February 13th total of 3,120,000 shares. Based on an average daily volume of 995,900 shares, the short-interest ratio is presently 3.3 days. Currently, 2.4% of the shares of the company are sold short.
View Genuine Parts' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our GPC earnings forecast.

Genuine Parts (NYSE:GPC) posted its quarterly earnings results on Thursday, February, 23rd. The specialty retailer reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.15. The specialty retailer had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.33 billion. Genuine Parts had a trailing twelve-month return on equity of 32.22% and a net margin of 5.35%. Genuine Parts's quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.79 earnings per share.
Read the conference call transcript.

Genuine Parts announced a quarterly dividend on Tuesday, February 21st. Stockholders of record on Friday, March 3rd will be paid a dividend of $0.95 per share on Monday, April 3rd. This represents a $3.80 annualized dividend and a yield of 2.31%. The ex-dividend date is Thursday, March 2nd. This is an increase from the stock's previous quarterly dividend of $0.90.
Read our dividend analysis for GPC.

ETFs with the largest weight of Genuine Parts (NYSE:GPC) stock in their portfolio include USCF Dividend Income Fund (UDI), TrueShares Low Volatility Equity Income ETF (DIVZ), Core Alternative ETF (CCOR), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), Nuveen ESG Mid-Cap Value ETF (NUMV), Dividend Performers ETF (IPDP) and SEI Enhanced U.S. Large Cap Momentum Factor ETF (SEIM).

Genuine Parts (NYSE:GPC) pays an annual dividend of $3.80 per share and currently has a dividend yield of 2.34%. The company has been increasing its dividend for 68 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 45.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GPC will have a dividend payout ratio of 39.83% 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 FY23 earnings guidance on Thursday, February, 23rd. The company provided earnings per share (EPS) guidance of $8.80-8.95 for the period, compared to the consensus estimate of $8.67. The company issued revenue guidance of ~$22.98-23.42 billion, compared to the consensus revenue estimate of $22.65 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 a number of retail and institutional investors. Top institutional investors include Charles Schwab Investment Management Inc. (3.81%), Bank of America Corp DE (2.09%), Geode Capital Management LLC (2.08%), Wells Fargo & Company MN (2.07%), Morgan Stanley (1.51%) and Truist Financial Corp (1.31%). Insiders that own company stock include John R Holder, Kevin Herron and Thomas Gallagher.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of GPC stock can currently be purchased for approximately $164.75.

Genuine Parts (NYSE:GPC) has a market capitalization of $23.20 billion and generates $22.10 billion in revenue each year. The specialty retailer earns $1.18 billion in net income (profit) each year or $8.31 on an earnings per share basis.

The company employs 58,000 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.