Genuine Parts (NYSE:GPC) Receives $137.63 Consensus PT from Analysts

Genuine Parts (NYSE:GPC) has earned a consensus rating of “Hold” from the ten analysts that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $137.63.

Several equities analysts have commented on the company. Evercore ISI cut their price target on Genuine Parts from $128.00 to $125.00 and set an “in-line” rating for the company in a report on Wednesday, February 19th. Northcoast Research lowered Genuine Parts from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Truist Financial lifted their price target on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Finally, Loop Capital initiated coverage on shares of Genuine Parts in a report on Thursday, January 16th. They issued a “buy” rating and a $155.00 price target on the stock.

Institutional Investors Weigh In On Genuine Parts

Large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Genuine Parts in the fourth quarter valued at about $206,645,000. Junto Capital Management LP acquired a new position in shares of Genuine Parts in the 4th quarter worth approximately $94,868,000. Equity Investment Corp acquired a new position in shares of Genuine Parts in the 4th quarter worth approximately $84,128,000. Alyeska Investment Group L.P. grew its position in Genuine Parts by 204.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 789,050 shares of the specialty retailer’s stock worth $92,129,000 after acquiring an additional 530,057 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Genuine Parts by 18.9% during the 4th quarter. Invesco Ltd. now owns 3,262,229 shares of the specialty retailer’s stock valued at $380,898,000 after purchasing an additional 518,851 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Price Performance

NYSE:GPC opened at $120.80 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 0.57. Genuine Parts has a one year low of $112.74 and a one year high of $164.45. The company has a fifty day moving average price of $121.07 and a 200 day moving average price of $124.47. The stock has a market cap of $16.77 billion, a P/E ratio of 18.67 and a beta of 0.93.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.07. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. The company had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the previous year, the firm posted $2.26 EPS. Analysts anticipate that Genuine Parts will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Genuine Parts’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.41%. Genuine Parts’s dividend payout ratio (DPR) is presently 63.68%.

About Genuine Parts

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.