Brokerages Set Genuine Parts Company (NYSE:GPC) Target Price at $138.14

Genuine Parts Company (NYSE:GPC) has been given an average rating of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $138.8571.

GPC has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Genuine Parts in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on Genuine Parts from $134.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Truist Financial raised their target price on Genuine Parts from $137.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Evercore ISI raised their target price on Genuine Parts from $148.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, Loop Capital raised their target price on Genuine Parts from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 24th.

Insider Activity at Genuine Parts

In other news, EVP Naveen Krishna sold 5,303 shares of the firm’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $138.12, for a total value of $732,450.36. Following the completion of the sale, the executive vice president directly owned 26,112 shares in the company, valued at $3,606,589.44. This trade represents a 16.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Genuine Parts

Large investors have recently added to or reduced their stakes in the business. Inspire Investing LLC lifted its position in Genuine Parts by 11.9% in the 1st quarter. Inspire Investing LLC now owns 16,745 shares of the specialty retailer’s stock valued at $1,995,000 after acquiring an additional 1,777 shares in the last quarter. Cornerstone Wealth Group LLC bought a new position in shares of Genuine Parts during the 1st quarter worth approximately $3,344,000. Revisor Wealth Management LLC lifted its position in shares of Genuine Parts by 75.2% during the 2nd quarter. Revisor Wealth Management LLC now owns 6,778 shares of the specialty retailer’s stock worth $853,000 after buying an additional 2,910 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Genuine Parts by 11.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,430 shares of the specialty retailer’s stock worth $2,657,000 after buying an additional 2,290 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Genuine Parts by 276.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,352,772 shares of the specialty retailer’s stock worth $399,449,000 after buying an additional 2,461,497 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Performance

NYSE GPC opened at $130.34 on Wednesday. The company has a market capitalization of $18.13 billion, a price-to-earnings ratio of 22.43 and a beta of 0.77. Genuine Parts has a twelve month low of $104.01 and a twelve month high of $144.29. The stock has a fifty day simple moving average of $137.52 and a 200 day simple moving average of $127.40. The company has a quick ratio of 0.51, a current ratio of 1.14 and a debt-to-equity ratio of 0.79.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%.The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.10 billion. During the same period last year, the business posted $2.44 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. Genuine Parts has set its FY 2025 guidance at 7.500-8.000 EPS. Sell-side analysts expect that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were paid a $1.03 dividend. The ex-dividend date was Friday, September 5th. This represents a $4.12 annualized dividend and a dividend yield of 3.2%. Genuine Parts’s dividend payout ratio (DPR) is currently 70.91%.

Genuine Parts Company Profile

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.