Genuine Parts Company (NYSE:GPC) Receives $145.57 Average PT from Analysts

Genuine Parts Company (NYSE:GPC) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $145.5714.

Several equities research analysts have recently issued reports on GPC shares. Evercore set a $160.00 price objective on Genuine Parts in a research note on Friday, February 20th. Truist Financial set a $127.00 target price on Genuine Parts and gave the company a “hold” rating in a research report on Wednesday, February 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, December 29th. Raymond James Financial raised 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. Finally, The Goldman Sachs Group upgraded shares of Genuine Parts from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $130.00 to $142.00 in a research report on Thursday, November 13th.

Institutional Trading of Genuine Parts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPC. Advisortrust Partners LLC bought a new stake in Genuine Parts in the fourth quarter worth about $327,000. Hsbc Holdings PLC grew its stake in shares of Genuine Parts by 19.5% during the fourth quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock valued at $58,887,000 after buying an additional 77,936 shares during the last quarter. SHP Wealth Management purchased a new stake in shares of Genuine Parts in the fourth quarter worth approximately $84,000. Employees Provident Fund Board purchased a new stake in shares of Genuine Parts in the fourth quarter worth approximately $27,051,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Genuine Parts by 34.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 88 shares during the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Stock Performance

Genuine Parts stock opened at $109.24 on Friday. The company’s 50-day moving average price is $130.23 and its 200-day moving average price is $131.48. The company has a quick ratio of 0.46, a current ratio of 1.08 and a debt-to-equity ratio of 0.79. The company has a market cap of $15.20 billion, a PE ratio of 237.47 and a beta of 0.75. Genuine Parts has a twelve month low of $104.01 and a twelve month high of $151.57.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.24). Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.06 billion. During the same period in the previous year, the business posted $1.61 EPS. The firm’s revenue was up 4.1% 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 forecast that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be paid a dividend of $1.0625 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from Genuine Parts’s previous quarterly dividend of $1.03. Genuine Parts’s dividend payout ratio is presently 923.91%.

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.