Genuine Parts (NYSE:GPC) Price Target Raised to $126.00

Genuine Parts (NYSE:GPC) had its price target lifted by Truist Financial from $124.00 to $126.00 in a research note published on Wednesday, Marketbeat Ratings reports. Truist Financial currently has a hold rating on the specialty retailer’s stock.

A number of other analysts have also issued reports on GPC. UBS Group reaffirmed a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a research report on Wednesday. DA Davidson increased their price target on Genuine Parts from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 6th. Evercore restated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday. Raymond James Financial restated a “strong-buy” rating and set a $165.00 price objective on shares of Genuine Parts in a report on Wednesday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $145.00.

Genuine Parts Price Performance

Shares of GPC stock opened at $124.20 on Wednesday. The company has a market capitalization of $17.12 billion, a PE ratio of 496.80 and a beta of 0.63. The firm has a fifty day simple moving average of $110.48 and a 200-day simple moving average of $115.55. The company has a current ratio of 1.16, a quick ratio of 0.48 and a debt-to-equity ratio of 0.88. Genuine Parts has a twelve month low of $90.78 and a twelve month high of $151.57.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the previous year, the firm posted $2.10 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts anticipate that Genuine Parts will post 7.69 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 5th were issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, June 5th. Genuine Parts’s payout ratio is currently 1,700.00%.

Insider Transactions at Genuine Parts

In other Genuine Parts news, insider James F. Howe sold 415 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total transaction of $43,296.95. Following the sale, the insider owned 25,589 shares in the company, valued at $2,669,700.37. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Strive Financial Group LLC bought a new position in Genuine Parts during the fourth quarter worth $25,000. Olistico Wealth LLC bought a new stake in Genuine Parts during the fourth quarter valued at $25,000. WPG Advisers LLC raised its holdings 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 purchasing an additional 164 shares during the period. Motiv8 Investments LLC acquired a new stake in shares of Genuine Parts during the fourth quarter worth $31,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Genuine Parts by 6,225.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock worth $35,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds 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.