ValuEngine upgraded shares of Genuine Parts (NYSE:GPC) from a hold rating to a buy rating in a report released on Friday.

Several other equities research analysts have also commented on GPC. Royal Bank of Canada upped their price objective on Genuine Parts to $99.00 and gave the stock a sector perform rating in a research note on Thursday, July 12th. Wedbush upped their price objective on Genuine Parts from $93.00 to $100.00 and gave the stock a neutral rating in a research note on Friday, July 20th. Finally, Zacks Investment Research lowered Genuine Parts from a buy rating to a hold rating in a research note on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $102.80.

Shares of NYSE:GPC traded up $0.52 during midday trading on Friday, hitting $101.34. The company had a trading volume of 1,683,599 shares, compared to its average volume of 957,037. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.33 and a quick ratio of 0.71. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17. Genuine Parts has a 12-month low of $84.71 and a 12-month high of $107.75.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Thursday, October 18th. The specialty retailer reported $1.48 EPS for the quarter, hitting the consensus estimate of $1.48. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.71 billion. Genuine Parts had a return on equity of 22.54% and a net margin of 3.99%. Genuine Parts’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 EPS. On average, equities research analysts expect that Genuine Parts will post 5.66 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 7th were paid a $0.72 dividend. The ex-dividend date was Thursday, September 6th. This represents a $2.88 dividend on an annualized basis and a yield of 2.84%. Genuine Parts’s payout ratio is presently 62.07%.

In other Genuine Parts news, insider James R. Neill sold 512 shares of the stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $97.94, for a total value of $50,145.28. Following the completion of the sale, the insider now owns 5,661 shares in the company, valued at approximately $554,438.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of GPC. Blair William & Co. IL increased its stake in Genuine Parts by 10.9% in the 1st quarter. Blair William & Co. IL now owns 15,188 shares of the specialty retailer’s stock worth $1,364,000 after buying an additional 1,495 shares in the last quarter. United Capital Financial Advisers LLC boosted its holdings in shares of Genuine Parts by 17.2% during the 1st quarter. United Capital Financial Advisers LLC now owns 6,488 shares of the specialty retailer’s stock valued at $583,000 after purchasing an additional 954 shares during the last quarter. Natixis bought a new position in shares of Genuine Parts during the 1st quarter valued at about $1,646,000. LPL Financial LLC boosted its holdings in shares of Genuine Parts by 18.0% during the 1st quarter. LPL Financial LLC now owns 43,043 shares of the specialty retailer’s stock valued at $3,867,000 after purchasing an additional 6,554 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Genuine Parts by 25.1% during the 1st quarter. Cubist Systematic Strategies LLC now owns 7,094 shares of the specialty retailer’s stock valued at $637,000 after purchasing an additional 1,423 shares during the last quarter. Institutional investors and hedge funds own 76.67% of the company’s stock.

About Genuine Parts

Genuine Parts Company distributes automotive replacement and industrial parts, electrical and electronic materials, and business products in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Germany, and Poland. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.

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Analyst Recommendations for Genuine Parts (NYSE:GPC)

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