Genuine Parts Company (NYSE:GPC) Receives Average Rating of “Moderate Buy” from Analysts

Genuine Parts Company (NYSE:GPC) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $147.8571.

Several analysts recently weighed in on the company. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Raymond James Financial reiterated a “strong-buy” rating and set a $165.00 price target on shares of Genuine Parts in a report on Wednesday, July 22nd. DA Davidson increased their price objective on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Truist Financial raised their price objective on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Finally, Evercore reaffirmed an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd.

Genuine Parts Stock Up 1.7%

Genuine Parts stock opened at $137.18 on Friday. The firm has a market cap of $18.91 billion, a price-to-earnings ratio of 548.72, a P/E/G ratio of 2.49 and a beta of 0.64. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. Genuine Parts has a fifty-two week low of $90.78 and a fifty-two week high of $151.57. The firm has a fifty day moving average price of $128.78 and a two-hundred day moving average price of $114.60.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.07. The company had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.43 billion. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, analysts forecast that Genuine Parts will post 7.73 earnings per share for the current year.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a dividend of $1.0625 per share. The ex-dividend date is Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.1%. Genuine Parts’s payout ratio is presently 1,700.00%.

Institutional Investors Weigh In On Genuine Parts

Hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System increased its stake in Genuine Parts by 13,376.8% during the second quarter. California State Teachers Retirement System now owns 23,062,848 shares of the specialty retailer’s stock valued at $2,720,955,000 after acquiring an additional 22,891,718 shares during the period. BlackRock Inc. bought a new stake in shares of Genuine Parts in the 2nd quarter worth approximately $1,574,910,000. State Street Corp grew its holdings in shares of Genuine Parts by 1.4% during the 4th quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer’s stock worth $940,940,000 after purchasing an additional 107,440 shares in the last quarter. Barclays PLC increased its position in shares of Genuine Parts by 10.6% during the fourth quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock valued at $479,711,000 after purchasing an additional 373,065 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Genuine Parts by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock valued at $462,772,000 after purchasing an additional 64,676 shares during the period. Institutional investors own 78.83% of the company’s stock.

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.