Genuine Parts Company (NYSE:GPC) Receives $148.00 Consensus Price Target from Analysts

Shares of Genuine Parts Company (NYSE:GPC) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $148.00.

GPC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Genuine Parts from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Truist Financial upped their price target on shares of Genuine Parts from $143.00 to $146.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Evercore ISI increased their price objective on Genuine Parts from $148.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. The Goldman Sachs Group upgraded Genuine Parts from a “sell” rating to a “neutral” rating and boosted their target price for the company from $130.00 to $142.00 in a research note on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Monday, December 29th.

Genuine Parts Stock Up 0.5%

NYSE:GPC opened at $136.80 on Friday. The business’s fifty day moving average price is $127.82 and its 200 day moving average price is $131.54. The firm has a market capitalization of $19.03 billion, a price-to-earnings ratio of 23.55 and a beta of 0.75. The company has a current ratio of 1.14, a quick ratio of 0.51 and a debt-to-equity ratio of 0.78. Genuine Parts has a 1-year low of $104.01 and a 1-year high of $143.48.

Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, October 21st. The specialty retailer reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.04). The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Genuine Parts had a net margin of 3.36% and a return on equity of 22.57%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $1.88 EPS. Genuine Parts has set its FY 2025 guidance at 7.500-7.750 EPS. On average, sell-side analysts forecast that Genuine Parts will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 5th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, December 5th. Genuine Parts’s dividend payout ratio (DPR) is presently 70.91%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Olistico Wealth LLC acquired a new stake in shares of Genuine Parts in the 4th quarter valued at $25,000. Community Bank N.A. bought a new position in Genuine Parts during the third quarter valued at about $27,000. Peoples Financial Services CORP. bought a new position in Genuine Parts during the third quarter valued at about $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of Genuine Parts in the fourth quarter worth about $32,000. Finally, Golden State Wealth Management LLC boosted its stake in shares of Genuine Parts by 8,833.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 268 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 265 shares in the last quarter. 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, 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.