Wedbush Brokers Reduce Earnings Estimates for Genuine Parts

Genuine Parts (NYSE:GPC) – Research analysts at Wedbush lowered their Q1 2025 EPS estimates for Genuine Parts in a report released on Wednesday, October 23rd. Wedbush analyst S. Basham now expects that the specialty retailer will post earnings of $2.15 per share for the quarter, down from their previous estimate of $2.34. Wedbush has a “Neutral” rating and a $120.00 price objective on the stock. The consensus estimate for Genuine Parts’ current full-year earnings is $8.10 per share. Wedbush also issued estimates for Genuine Parts’ Q2 2025 earnings at $2.47 EPS.

Genuine Parts (NYSE:GPC) last issued its 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). The firm had revenue of $6 billion during the quarter, compared to the consensus estimate of $5.94 billion. Genuine Parts had a net margin of 4.67% and a return on equity of 27.23%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.49 earnings per share.

GPC has been the topic of several other research reports. StockNews.com lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Evercore ISI raised their price target on Genuine Parts from $155.00 to $160.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group decreased their price objective on Genuine Parts from $162.00 to $138.00 and set a “neutral” rating on the stock in a research note on Wednesday. UBS Group cut their target price on Genuine Parts from $145.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Truist Financial decreased their price target on Genuine Parts from $164.00 to $129.00 and set a “buy” rating on the stock in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $139.57.

Genuine Parts Price Performance

NYSE GPC opened at $114.24 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The company has a market cap of $15.92 billion, a PE ratio of 14.70 and a beta of 0.90. Genuine Parts has a 52 week low of $112.74 and a 52 week high of $164.45. The firm’s 50-day simple moving average is $137.22 and its two-hundred day simple moving average is $142.12.

Institutional Trading of Genuine Parts

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP raised its holdings in shares of Genuine Parts by 726.9% during the 4th quarter. Wellington Management Group LLP now owns 54,742 shares of the specialty retailer’s stock valued at $7,582,000 after buying an additional 48,122 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of Genuine Parts by 255.5% during the first quarter. Sunbelt Securities Inc. now owns 647 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 465 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Genuine Parts by 11.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 13,418 shares of the specialty retailer’s stock worth $2,079,000 after acquiring an additional 1,426 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Genuine Parts by 5.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 48,019 shares of the specialty retailer’s stock valued at $7,440,000 after purchasing an additional 2,548 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its holdings in shares of Genuine Parts by 3.3% during the 1st quarter. 180 Wealth Advisors LLC now owns 3,037 shares of the specialty retailer’s stock valued at $471,000 after purchasing an additional 98 shares during the last quarter. 78.83% of the stock is owned by institutional investors.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.00 annualized dividend and a yield of 3.50%. Genuine Parts’s payout ratio is presently 51.48%.

About Genuine Parts

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.