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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Wall Street analysts have given Genuine Parts a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Genuine Parts wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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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) posted its quarterly earnings data on Thursday, July, 22nd. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.20. The specialty retailer earned $4.78 billion during the quarter, compared to analysts' expectations of $4.34 billion. Genuine Parts had a net margin of 4.55% and a trailing twelve-month return on equity of 28.92%. The business's revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period in the prior 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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, GPC stock has increased by 51.3% and is now trading at $126.92.
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Genuine Parts announced a quarterly dividend on Thursday, April 29th. Stockholders of record on Friday, June 4th will be given a dividend of $0.815 per share on Thursday, July 1st. This represents a $3.26 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Thursday, June 3rd.
View Genuine Parts' dividend history.

Genuine Parts pays an annual dividend of $3.26 per share and currently has a dividend yield of 2.55%. 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 48.95% next year. This indicates that Genuine Parts will be able to sustain or increase its dividend.
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Genuine Parts updated its FY 2021 earnings guidance on Thursday, July, 29th. The company provided EPS guidance of $6.200-$6.350 for the period, compared to the Thomson Reuters consensus earnings per share 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 12 month price targets for Genuine Parts' stock. Their forecasts range from $106.00 to $140.00. On average, they expect Genuine Parts' share price to reach $128.00 in the next twelve months. This suggests a possible upside of 0.9% 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 a variety of retail and institutional investors. Top institutional investors include Avalon Investment & Advisory (0.10%), Kornitzer Capital Management Inc. KS (0.08%), Manning & Napier Group LLC (0.07%), State of Alaska Department of Revenue (0.04%), CBOE Vest Financial LLC (0.02%) and Usca Ria LLC (0.02%). 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 Avalon Investment & Advisory, Usca Ria LLC, Cozad Asset Management Inc., Sawyer & Company Inc, Raymond James Trust N.A., Kornitzer Capital Management Inc. KS, Veracity Capital LLC, and Physicians Financial Services Inc..
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GPC stock was acquired by a variety of institutional investors in the last quarter, including Fulcrum Equity Management, Manning & Napier Group LLC, CBOE Vest Financial LLC, Brookstone Capital Management, Cypress Capital Group, State of Alaska Department of Revenue, Old Port Advisors, and IFM Investors Pty 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 $126.92.

Genuine Parts has a market capitalization of $18.18 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]