Genuine Parts (NYSE:GPC) Receives Consensus Rating of “Hold” from Analysts

Genuine Parts (NYSE:GPC) has received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $161.14.

GPC has been the subject of several recent research reports. Evercore ISI cut their target price on shares of Genuine Parts from $150.00 to $148.00 and set an “in-line” rating for the company in a report on Wednesday, July 24th. StockNews.com lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Jefferies Financial Group lifted their target price on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “hold” rating in a report on Friday, April 19th. Wedbush cut their target price on shares of Genuine Parts from $170.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group cut their target price on shares of Genuine Parts from $166.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th.

Insider Activity at Genuine Parts

In other Genuine Parts news, Director Wendy B. Needham sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $151.29, for a total transaction of $453,870.00. Following the completion of the sale, the director now directly owns 13,006 shares in the company, valued at approximately $1,967,677.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Genuine Parts

Institutional investors have recently made changes to their positions in the company. NBC Securities Inc. boosted its stake in Genuine Parts by 27.1% during the 4th quarter. NBC Securities Inc. now owns 3,129 shares of the specialty retailer’s stock worth $433,000 after purchasing an additional 668 shares during the last quarter. ICW Investment Advisors LLC boosted its position in Genuine Parts by 2.8% during the fourth quarter. ICW Investment Advisors LLC now owns 8,084 shares of the specialty retailer’s stock worth $1,120,000 after acquiring an additional 221 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Genuine Parts by 22.0% during the 4th quarter. BNP Paribas Financial Markets now owns 148,121 shares of the specialty retailer’s stock valued at $20,515,000 after acquiring an additional 26,710 shares in the last quarter. Stifel Financial Corp grew its stake in Genuine Parts by 27.0% during the 4th quarter. Stifel Financial Corp now owns 2,029,388 shares of the specialty retailer’s stock valued at $281,078,000 after acquiring an additional 431,623 shares in the last quarter. Finally, Comerica Bank raised its holdings in Genuine Parts by 19.6% in the 1st quarter. Comerica Bank now owns 113,657 shares of the specialty retailer’s stock valued at $17,609,000 after acquiring an additional 18,657 shares during the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Price Performance

Shares of GPC opened at $138.53 on Friday. The business’s 50-day moving average is $138.92 and its two-hundred day moving average is $146.27. The company has a market capitalization of $19.30 billion, a P/E ratio of 15.44 and a beta of 0.92. Genuine Parts has a fifty-two week low of $126.35 and a fifty-two week high of $164.45. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.54 and a current ratio of 1.12.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, July 23rd. The specialty retailer reported $2.44 EPS for the quarter, missing the consensus estimate of $2.59 by ($0.15). Genuine Parts had a return on equity of 30.03% and a net margin of 5.24%. The company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same period last year, the business earned $2.44 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Research analysts predict that Genuine Parts will post 9.36 earnings per share for the current year.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.