Genuine Parts Company (GPC) Receives Average Recommendation of “Hold” from Analysts
Genuine Parts Company (NYSE:GPC) has been given an average rating of “Hold” by the nine brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $98.33.
Several analysts have issued reports on the company. Wedbush restated a “neutral” rating on shares of Genuine Parts Company in a research note on Thursday, July 6th. Zacks Investment Research lowered Genuine Parts Company from a “hold” rating to a “sell” rating in a research note on Friday, April 21st. BidaskClub lowered Genuine Parts Company from a “hold” rating to a “sell” rating in a research note on Wednesday. Goldman Sachs Group, Inc. (The) lowered Genuine Parts Company from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $104.00 to $89.00 in a research note on Thursday, July 6th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $96.00 price objective on shares of Genuine Parts Company in a research note on Thursday, May 25th.
Genuine Parts Company (NYSE:GPC) traded down 0.42% during mid-day trading on Monday, reaching $83.35. 1,129,228 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $92.14 and a 200-day moving average price of $94.39. The stock has a market cap of $12.29 billion, a P/E ratio of 18.04 and a beta of 1.07. Genuine Parts Company has a 52 week low of $82.81 and a 52 week high of $105.18.
Genuine Parts Company (NYSE:GPC) last issued its earnings results on Wednesday, April 19th. The specialty retailer reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.03. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.85 billion. Genuine Parts Company had a return on equity of 21.17% and a net margin of 4.44%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. On average, analysts forecast that Genuine Parts Company will post $4.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Friday, June 9th were given a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Wednesday, June 7th. Genuine Parts Company’s payout ratio is 58.44%.
A number of institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. boosted its position in Genuine Parts Company by 21.1% in the fourth quarter. Macquarie Group Ltd. now owns 8,600 shares of the specialty retailer’s stock valued at $822,000 after buying an additional 1,500 shares during the last quarter. Searle & CO. acquired a new position in Genuine Parts Company during the fourth quarter valued at approximately $411,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Genuine Parts Company during the fourth quarter valued at approximately $460,000. Kentucky Retirement Systems acquired a new position in Genuine Parts Company during the fourth quarter valued at approximately $1,031,000. Finally, UBS Asset Management Americas Inc. boosted its position in Genuine Parts Company by 12.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 517,188 shares of the specialty retailer’s stock valued at $49,413,000 after buying an additional 56,636 shares during the last quarter. Institutional investors and hedge funds own 73.27% of the company’s stock.
Genuine Parts Company Company Profile
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.
Receive News & Stock Ratings for Genuine Parts Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genuine Parts Company and related stocks with our FREE daily email newsletter.