Genuine Parts (NYSE:GPC) Sets New 12-Month Low – What’s Next?

Genuine Parts Company (NYSE:GPC) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $90.78 and last traded at $94.9730, with a volume of 1478183 shares. The stock had previously closed at $92.47.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GPC. Evercore set a $160.00 price target on Genuine Parts in a report on Friday, February 20th. Zacks Research downgraded Genuine Parts from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 25th. Truist Financial dropped their price target on Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Raymond James Financial raised Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price target on the stock in a research report on Tuesday, February 24th. Finally, UBS Group lowered their price objective on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $143.71.

Genuine Parts Price Performance

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 $13.07 billion, a PE ratio of 220.87 and a beta of 0.70. The stock has a 50 day simple moving average of $104.67 and a 200-day simple moving average of $120.61.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.75 by $0.02. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the firm earned $1.75 EPS. The business’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. Equities analysts anticipate that Genuine Parts Company will post 7.65 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $1.0625 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.25 annualized dividend and a yield of 4.5%. Genuine Parts’s dividend payout ratio (DPR) is presently 988.37%.

Insider Transactions at Genuine Parts

In other Genuine Parts news, insider James F. Howe sold 415 shares of the firm’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Genuine Parts

Institutional investors have recently bought and sold shares of the business. Community Bank N.A. purchased a new position in Genuine Parts during the third quarter valued at approximately $27,000. Strive Financial Group LLC acquired a new stake in shares of Genuine Parts during the fourth quarter worth $25,000. Olistico Wealth LLC acquired a new stake in shares of Genuine Parts during the fourth quarter worth $25,000. WPG Advisers LLC lifted its stake in shares of Genuine Parts by 213.0% during the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after buying an additional 164 shares during the period. Finally, Motiv8 Investments LLC acquired a new position in Genuine Parts during the fourth 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.