Genuine Parts Company (NYSE:GPC) Receives $147.86 Consensus PT from Brokerages

Genuine Parts Company (NYSE:GPC) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $147.8571.

GPC has been the topic of several analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Raymond James Financial reissued a “strong-buy” rating and set a $165.00 price target on shares of Genuine Parts in a research report on Wednesday, July 22nd. Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $122.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd.

Genuine Parts Stock Down 1.2%

Shares of Genuine Parts stock opened at $135.80 on Friday. The business has a 50-day moving average of $127.68 and a 200-day moving average of $114.77. 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 company has a market capitalization of $18.72 billion, a PE ratio of 543.20 and a beta of 0.62. Genuine Parts has a 1-year low of $90.78 and a 1-year high of $151.57.

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

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be given a $1.0625 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.1%. Genuine Parts’s payout ratio is presently 1,700.00%.

Hedge Funds Weigh In On Genuine Parts

Several large investors have recently modified their holdings of the stock. California State Teachers Retirement System increased its holdings in Genuine Parts by 13,376.8% in the second quarter. California State Teachers Retirement System now owns 23,062,848 shares of the specialty retailer’s stock valued at $2,720,955,000 after buying an additional 22,891,718 shares during the last quarter. Studio Investment Management LLC bought a new position in Genuine Parts during the 2nd quarter worth approximately $638,000. Saudi Central Bank lifted its holdings in Genuine Parts by 89.6% during the 2nd quarter. Saudi Central Bank now owns 9,738 shares of the specialty retailer’s stock worth $1,149,000 after buying an additional 4,603 shares during the last quarter. Compass Financial Management LLC acquired a new position in shares of Genuine Parts in the 2nd quarter worth approximately $66,000. Finally, NBH Bank acquired a new position in shares of Genuine Parts in the 2nd quarter worth approximately $315,000. Institutional investors own 78.83% of the company’s stock.

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.