Genuine Parts Company (NYSE:GPC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Genuine Parts Company (NYSE:GPC) have earned an average rating of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $145.5714.

GPC has been the subject of several recent analyst reports. Raymond James Financial raised Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price target for the company in a report on Tuesday, February 24th. Truist Financial set a $127.00 price target on Genuine Parts and gave the company a “hold” rating in a report on Wednesday, February 18th. Zacks Research cut Genuine Parts from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 25th. UBS Group reduced their price target on Genuine Parts from $150.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th.

Genuine Parts Trading Down 1.2%

Shares of GPC stock opened at $103.86 on Wednesday. The business’s 50 day moving average is $119.57 and its two-hundred day moving average is $126.63. Genuine Parts has a twelve month low of $96.08 and a twelve month high of $151.57. The company has a market capitalization of $14.45 billion, a P/E ratio of 225.77 and a beta of 0.76. The company has a current ratio of 1.08, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.24). Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter last year, the business posted $1.61 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts forecast that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th were issued a $1.0625 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $4.25 annualized dividend and a dividend yield of 4.1%. This is an increase from Genuine Parts’s previous quarterly dividend of $1.03. Genuine Parts’s payout ratio is 923.91%.

Institutional Trading of Genuine Parts

Several hedge funds have recently modified their holdings of GPC. Olistico Wealth LLC acquired a new stake in shares of Genuine Parts in the 4th quarter valued at approximately $25,000. Strive Financial Group LLC acquired a new stake in shares of Genuine Parts in the 4th quarter valued at approximately $25,000. Community Bank N.A. acquired a new stake in shares of Genuine Parts in the 3rd quarter valued at approximately $27,000. Peoples Financial Services CORP. acquired a new stake in shares of Genuine Parts in the 3rd quarter valued at approximately $29,000. Finally, WPG Advisers LLC lifted its holdings in shares of Genuine Parts by 213.0% in the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 164 shares during the period. 78.83% of the stock is owned by institutional investors and hedge funds.

About Genuine Parts

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.