DA Davidson Upgrades Genuine Parts (NYSE:GPC) to Strong-Buy

Genuine Parts (NYSE:GPC) was upgraded by research analysts at DA Davidson to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. UBS Group cut their target price on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Raymond James Financial upgraded Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Friday, March 27th. Truist Financial dropped their price target on Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Genuine Parts has a consensus rating of “Moderate Buy” and a consensus target price of $143.88.

Genuine Parts Stock Up 2.4%

GPC stock opened at $107.13 on Tuesday. Genuine Parts has a twelve month low of $90.78 and a twelve month high of $151.57. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $14.74 billion, a P/E ratio of 249.14 and a beta of 0.66. The firm has a 50 day simple moving average of $103.00 and a 200-day simple moving average of $117.03.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.02. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same period in the prior year, the company posted $1.75 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities research analysts predict that Genuine Parts will post 7.67 earnings per share for the current fiscal year.

Insider Transactions at Genuine Parts

In related news, insider James F. Howe sold 415 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total transaction of $43,296.95. Following the completion of the transaction, the insider owned 25,589 shares in the company, valued at $2,669,700.37. The trade was a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Genuine Parts

Hedge funds have recently added to or reduced their stakes in the stock. DV Trading LLC acquired a new position in shares of Genuine Parts during the first quarter valued at $243,000. NewEdge Advisors LLC grew its position in shares of Genuine Parts by 601.4% during the first quarter. NewEdge Advisors LLC now owns 552,356 shares of the specialty retailer’s stock worth $58,412,000 after acquiring an additional 473,600 shares during the last quarter. Caerus Investment Advisors LLC acquired a new stake in shares of Genuine Parts in the 1st quarter worth about $304,000. Cozad Asset Management Inc. lifted its position in Genuine Parts by 37.3% in the 1st quarter. Cozad Asset Management Inc. now owns 15,684 shares of the specialty retailer’s stock valued at $1,659,000 after purchasing an additional 4,261 shares during the last quarter. Finally, Allen Capital Group LLC lifted its position in Genuine Parts by 8.6% in the 1st quarter. Allen Capital Group LLC now owns 59,640 shares of the specialty retailer’s stock valued at $6,307,000 after purchasing an additional 4,710 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors.

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.