Genuine Parts Company (NYSE:GPC) Receives $143.33 Consensus Target Price from Analysts

Shares of Genuine Parts Company (NYSE:GPC) have been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $143.3333.

GPC has been the topic of a number of recent research reports. Loop Capital lifted their target price on Genuine Parts from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. UBS Group lifted their price target on Genuine Parts from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. upped their price objective on shares of Genuine Parts from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Truist Financial raised their target price on shares of Genuine Parts from $143.00 to $146.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Finally, Evercore ISI boosted their price target on shares of Genuine Parts from $148.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st.

Insider Activity at Genuine Parts

In other news, EVP Naveen Krishna sold 5,303 shares of Genuine Parts stock in a transaction on Friday, September 26th. The stock was sold at an average price of $138.12, for a total transaction of $732,450.36. Following the transaction, the executive vice president owned 26,112 shares in the company, valued at approximately $3,606,589.44. The trade was a 16.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Genuine Parts

A number of institutional investors have recently bought and sold shares of GPC. Vanguard Group Inc. lifted its position in shares of Genuine Parts by 1.5% in the second quarter. Vanguard Group Inc. now owns 17,309,178 shares of the specialty retailer’s stock worth $2,099,776,000 after purchasing an additional 260,787 shares in the last quarter. State Street Corp increased its stake in Genuine Parts by 0.9% in the 2nd quarter. State Street Corp now owns 7,797,180 shares of the specialty retailer’s stock valued at $953,779,000 after buying an additional 73,361 shares during the period. Geode Capital Management LLC increased its stake in Genuine Parts by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 3,511,008 shares of the specialty retailer’s stock valued at $424,367,000 after buying an additional 40,970 shares during the period. Goldman Sachs Group Inc. lifted its position in Genuine Parts by 276.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,352,772 shares of the specialty retailer’s stock worth $399,449,000 after buying an additional 2,461,497 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Genuine Parts by 2.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,080,251 shares of the specialty retailer’s stock valued at $373,425,000 after buying an additional 70,668 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

Genuine Parts Stock Performance

Shares of GPC opened at $124.98 on Friday. Genuine Parts has a 12-month low of $104.01 and a 12-month high of $143.48. The stock has a market capitalization of $17.39 billion, a P/E ratio of 21.51 and a beta of 0.75. The firm’s 50 day moving average is $135.10 and its 200-day moving average is $129.37. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.14 and a quick ratio of 0.51.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, October 21st. The specialty retailer reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.04). The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.12 billion. Genuine Parts had a return on equity of 22.57% and a net margin of 3.36%.The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.88 earnings per share. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. Equities research analysts anticipate that Genuine Parts will post 7.9 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a $1.03 dividend. The ex-dividend date was Friday, September 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.3%. Genuine Parts’s dividend payout ratio is presently 70.91%.

About Genuine Parts

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.