Brokerages Set Genuine Parts (NYSE:GPC) Price Target at $139.57

Shares of Genuine Parts (NYSE:GPC) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $139.57.

Several equities analysts have commented on GPC shares. JPMorgan Chase & Co. decreased their price target on shares of Genuine Parts from $162.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. Redburn Atlantic raised Genuine Parts to a “hold” rating in a research report on Monday, November 11th. Wedbush reduced their target price on shares of Genuine Parts from $145.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Evercore ISI boosted their price target on shares of Genuine Parts from $155.00 to $160.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Finally, UBS Group decreased their price objective on shares of Genuine Parts from $145.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd.

Genuine Parts Price Performance

Shares of GPC stock opened at $121.26 on Friday. The firm’s 50-day moving average is $130.25 and its two-hundred day moving average is $137.83. Genuine Parts has a 12 month low of $112.74 and a 12 month high of $164.45. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 0.57. The company has a market capitalization of $16.86 billion, a PE ratio of 15.61 and a beta of 0.92.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, October 22nd. The specialty retailer reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.54). The business had revenue of $6 billion for the quarter, compared to analyst estimates of $5.94 billion. Genuine Parts had a return on equity of 27.23% and a net margin of 4.67%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.49 earnings per share. Analysts predict that Genuine Parts will post 8.09 earnings per share for the current year.

Genuine Parts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.30%. Genuine Parts’s payout ratio is 51.48%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new stake in shares of Genuine Parts in the third quarter worth $26,000. Capital Performance Advisors LLP bought a new position in Genuine Parts during the 3rd quarter worth approximately $31,000. Concord Wealth Partners grew its position in shares of Genuine Parts by 79.3% in the 3rd quarter. Concord Wealth Partners now owns 269 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 119 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in shares of Genuine Parts in the 2nd quarter valued at approximately $40,000. Finally, Catalyst Capital Advisors LLC bought a new position in Genuine Parts during the third quarter worth $44,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.