Genuine Parts (NYSE:GPC) Upgraded by DA Davidson to “Strong-Buy” Rating

Genuine Parts (NYSE:GPC) was upgraded by equities researchers at DA Davidson to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also commented on GPC. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. Raymond James Financial upgraded shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective for the company in a research note on Tuesday, February 24th. Evercore set a $160.00 price objective on shares of Genuine Parts in a research report on Friday, February 20th. UBS Group cut their target price on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Finally, Truist Financial reduced their target price on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Genuine Parts has a consensus rating of “Moderate Buy” and an average target price of $143.88.

Genuine Parts Price Performance

GPC stock opened at $107.13 on Tuesday. The company has a market cap of $14.74 billion, a PE ratio of 249.14 and a beta of 0.66. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $103.00 and a two-hundred day moving average price of $117.03. Genuine Parts has a 12-month low of $90.78 and a 12-month high of $151.57.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.02. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.17 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $1.75 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, research analysts predict that Genuine Parts will post 7.67 EPS for the current year.

Insider Transactions at Genuine Parts

In other Genuine Parts news, insider James F. Howe sold 415 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total value of $43,296.95. Following the completion of the sale, the insider owned 25,589 shares of the company’s stock, valued at $2,669,700.37. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. DV Trading LLC acquired a new stake in Genuine Parts during the 1st quarter valued at $243,000. NewEdge Advisors LLC lifted its holdings in Genuine Parts by 601.4% in the 1st quarter. NewEdge Advisors LLC now owns 552,356 shares of the specialty retailer’s stock worth $58,412,000 after buying an additional 473,600 shares in the last quarter. Caerus Investment Advisors LLC acquired a new position in Genuine Parts in the 1st quarter worth $304,000. Cozad Asset Management Inc. boosted its position in Genuine Parts by 37.3% in the 1st quarter. Cozad Asset Management Inc. now owns 15,684 shares of the specialty retailer’s stock valued at $1,659,000 after buying an additional 4,261 shares during the last quarter. Finally, Allen Capital Group LLC boosted its position in Genuine Parts by 8.6% in the 1st quarter. Allen Capital Group LLC now owns 59,640 shares of the specialty retailer’s stock valued at $6,307,000 after buying an additional 4,710 shares during the last quarter. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

Genuine Parts Company Profile

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.