Genuine Parts (NYSE:GPC) Stock Price Down 4.7% – Here’s Why

Shares of Genuine Parts Company (NYSE:GPC) dropped 4.7% during mid-day trading on Monday . The stock traded as low as $126.00 and last traded at $126.3380. Approximately 507,185 shares were traded during mid-day trading, a decline of 71% from the average session volume of 1,720,859 shares. The stock had previously closed at $132.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GPC shares. UBS Group cut their target price on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. DA Davidson lifted their price objective on Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday. Finally, Truist Financial reduced their price objective on Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Genuine Parts has a consensus rating of “Moderate Buy” and an average target price of $144.50.

Genuine Parts Stock Down 3.5%

The company’s 50 day moving average price is $104.37 and its two-hundred day moving average price is $115.63. 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 firm has a market cap of $17.60 billion, a PE ratio of 297.78 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.75 by $0.02. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the business posted $1.75 EPS. Genuine Parts’s revenue was up 6.8% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities research analysts expect that Genuine Parts Company will post 7.69 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a $1.0625 dividend. The ex-dividend date was Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a yield of 3.3%. Genuine Parts’s dividend payout ratio is presently 988.37%.

Insider Activity at Genuine Parts

In other news, insider James F. Howe sold 415 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total value of $43,296.95. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On Genuine Parts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Community Bank N.A. bought a new stake in Genuine Parts during the 3rd quarter worth approximately $27,000. Strive Financial Group LLC bought a new position in shares of Genuine Parts in the fourth quarter worth approximately $25,000. Olistico Wealth LLC purchased a new stake in shares of Genuine Parts in the fourth quarter worth $25,000. WPG Advisers LLC increased its stake in shares of Genuine Parts by 213.0% in the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 164 shares in the last quarter. Finally, Motiv8 Investments LLC bought a new stake in shares of Genuine Parts during the 4th quarter valued at $31,000. 78.83% of the stock is owned by hedge funds and other institutional investors.

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.