Genuine Parts (GPC) – Investment Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Genuine Parts (NYSE: GPC) in the last few weeks:

• 10/23/2024 – Genuine Parts had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $162.00 to $138.00. They now have a “neutral” rating on the stock.
• 10/23/2024 – Genuine Parts had its price target lowered by analysts at Wedbush from $145.00 to $120.00. They now have a “neutral” rating on the stock.
• 10/23/2024 – Genuine Parts had its price target lowered by analysts at UBS Group AG from $145.00 to $125.00. They now have a “neutral” rating on the stock.
• 10/23/2024 – Genuine Parts had its price target lowered by analysts at Truist Financial Co. from $164.00 to $129.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Genuine Parts had its price target lowered by analysts at JPMorgan Chase & Co. from $162.00 to $135.00. They now have an “overweight” rating on the stock.
• 10/22/2024 – Genuine Parts had its price target raised by analysts at Evercore ISI from $155.00 to $160.00. They now have an “in-line” rating on the stock.
• 10/16/2024 – Genuine Parts had its price target raised by analysts at JPMorgan Chase & Co. from $157.00 to $162.00. They now have an “overweight” rating on the stock.
• 10/16/2024 – Genuine Parts was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/4/2024 – Genuine Parts was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/7/2024 – Genuine Parts was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 8/29/2024 – Genuine Parts was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 8/28/2024 – Genuine Parts had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $164.00 price target on the stock.

Genuine Parts Stock Up 2.8 %

NYSE GPC opened at $116.24 on Thursday. The stock’s 50 day simple moving average is $138.64 and its 200 day simple moving average is $142.82. Genuine Parts has a one year low of $112.74 and a one year high of $164.45. The firm has a market cap of $16.19 billion, a PE ratio of 12.96 and a beta of 0.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.12 and a quick ratio of 0.54.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, October 22nd. The specialty retailer reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.54). Genuine Parts had a net margin of 5.24% and a return on equity of 30.03%. The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same period last year, the company earned $2.49 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Genuine Parts will post 9.37 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th were given a dividend of $1.00 per share. The ex-dividend date was Friday, September 6th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.44%. Genuine Parts’s dividend payout ratio is 44.59%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in Genuine Parts by 726.9% in the 4th quarter. Wellington Management Group LLP now owns 54,742 shares of the specialty retailer’s stock worth $7,582,000 after purchasing an additional 48,122 shares during the period. RFG Advisory LLC bought a new position in shares of Genuine Parts during the first quarter worth about $225,000. Sunbelt Securities Inc. raised its position in Genuine Parts by 255.5% in the 1st quarter. Sunbelt Securities Inc. now owns 647 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 465 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in Genuine Parts by 11.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 13,418 shares of the specialty retailer’s stock valued at $2,079,000 after acquiring an additional 1,426 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Genuine Parts by 5.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 48,019 shares of the specialty retailer’s stock worth $7,440,000 after acquiring an additional 2,548 shares during the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: 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 equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.