Genuine Parts Company (NYSE:GPC) Stock Has Average Target Price of $147.86 According to Analysts

Genuine Parts Company (NYSE:GPC) has earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $147.86.

Several research firms recently weighed in on GPC. Raymond James Financial reissued a “strong-buy” rating and set a $165.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. Truist Financial upped their target price on Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. DA Davidson lifted their price target on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Monday.

Institutional Investors Weigh In On Genuine Parts

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Genuine Parts during the second quarter worth $1,574,910,000. Norges Bank bought a new position in Genuine Parts during the 4th quarter worth $293,471,000. Bank of America Corp DE bought a new position in Genuine Parts during the 2nd quarter worth $201,072,000. Corient Private Wealth LP acquired a new position in Genuine Parts during the 2nd quarter worth about $3,903,000. Finally, Cullen Capital Management LLC bought a new stake in shares of Genuine Parts in the 2nd quarter valued at about $166,471,000. 78.83% of the stock is owned by institutional investors.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $129.60 on Wednesday. The company has a market cap of $17.87 billion, a price-to-earnings ratio of 518.39, a PEG ratio of 2.39 and a beta of 0.64. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The firm has a 50 day simple moving average of $131.78 and a 200 day simple moving average of $115.88. Genuine Parts has a one year low of $90.78 and a one year high of $151.57.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.07. The firm had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts predict that Genuine Parts will post 7.73 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a dividend of $1.0625 per share. The ex-dividend date is Friday, September 4th. This represents a $4.25 annualized dividend and a yield of 3.3%. Genuine Parts’s dividend payout ratio (DPR) is currently 1,700.00%.

About Genuine Parts

Genuine Parts Company (NYSE:GPC) is a global distributor of automotive and industrial replacement parts. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional customers, businesses and consumers through a broad network of distribution centers, stores and service locations.

Through its automotive parts operations, including the NAPA brand in North America and other regional businesses, Genuine Parts distributes replacement parts, accessories, tools and equipment for cars, trucks and other vehicles.