Genuine Parts Company (NYSE:GPC) Receives $145.57 Average Price Target from Brokerages

Shares of Genuine Parts Company (NYSE:GPC) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $145.5714.

Several equities research analysts have issued reports on GPC shares. Evercore set a $160.00 target price on Genuine Parts in a research report on Friday, February 20th. Truist Financial set a $127.00 price objective on Genuine Parts and gave the company a “hold” rating in a research note on Wednesday, February 18th. Raymond James Financial upgraded Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 target price for the company in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. Finally, UBS Group lowered their price target on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Hsbc Holdings PLC raised its position in shares of Genuine Parts by 19.5% in the fourth quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock worth $58,887,000 after buying an additional 77,936 shares in the last quarter. Stance Capital LLC purchased a new position in Genuine Parts during the fourth quarter worth about $4,094,000. World Investment Advisors purchased a new stake in shares of Genuine Parts in the 4th quarter valued at about $218,000. Advisortrust Partners LLC bought a new stake in shares of Genuine Parts during the 4th quarter valued at about $327,000. Finally, SHP Wealth Management bought a new stake in shares of Genuine Parts during the 4th quarter valued at about $84,000. 78.83% of the stock is owned by institutional investors.

Genuine Parts Price Performance

Shares of NYSE:GPC opened at $103.42 on Wednesday. The firm has a market capitalization of $14.39 billion, a PE ratio of 224.83 and a beta of 0.76. The company has a quick ratio of 0.46, a current ratio of 1.08 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average price of $120.97 and a two-hundred day moving average price of $127.27. Genuine Parts has a twelve month low of $96.08 and a twelve month high of $151.57.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.24). The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.06 billion. Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $1.61 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts forecast that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were issued a dividend of $1.0625 per share. This is a boost from Genuine Parts’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, March 6th. This represents a $4.25 dividend on an annualized basis and a yield of 4.1%. Genuine Parts’s payout ratio is currently 923.91%.

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.