Genuine Parts (NYSE:GPC) Stock Gets Price Target Bump from JPMorgan Chase & Co.

Genuine Parts (NYSE:GPC) had its target price boosted by research analysts at JPMorgan Chase & Co. from $125.00 to $137.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 4.92% from the stock’s previous close.

GPC has been the subject of a number of other research reports. DA Davidson lifted their price objective on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. UBS Group reissued a “neutral” rating and issued a $122.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. Evercore restated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, September 21st. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $165.00 target price on shares of Genuine Parts in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.00.

Genuine Parts Trading Up 0.7%

Shares of Genuine Parts stock opened at $130.58 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The firm has a fifty day moving average price of $132.22 and a 200 day moving average price of $117.92. Genuine Parts has a 1 year low of $90.78 and a 1 year high of $151.57. The stock has a market cap of $18.00 billion, a PE ratio of 522.31, a price-to-earnings-growth ratio of 2.39 and a beta of 0.67.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The company had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the previous year, the firm posted $2.10 earnings per share. 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 predict that Genuine Parts will post 7.73 earnings per share for the current year.

Institutional Investors Weigh In On Genuine Parts

A number of institutional investors have recently added to or reduced their stakes in GPC. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Genuine Parts by 85.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer’s stock valued at $3,200,000 after purchasing an additional 13,900 shares during the period. Paradiem LLC acquired a new stake in Genuine Parts during the first quarter worth about $3,154,000. Montag A & Associates Inc. increased its position in Genuine Parts by 19.6% during the first quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer’s stock worth $6,923,000 after purchasing an additional 10,622 shares during the last quarter. Hsbc Holdings PLC increased its position in Genuine Parts by 19.5% during the fourth quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock worth $58,887,000 after purchasing an additional 77,936 shares during the last quarter. Finally, Bastion Asset Management Inc. purchased a new position in Genuine Parts during the first quarter worth about $16,978,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

About Genuine Parts

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts and industrial components. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional repair businesses, retailers, equipment manufacturers, and other commercial customers through a broad distribution and service network.

In its automotive business, Genuine Parts distributes replacement parts, accessories, tools, and equipment for cars and light trucks. Its operations include the NAPA Auto Parts brand in North America, along with automotive distribution businesses serving customers in Europe and Australasia.