The Goldman Sachs Group Reaffirms “Sell” Rating for Genuine Parts (NYSE:GPC)

Genuine Parts (NYSE:GPC)‘s stock had its “sell” rating reiterated by stock analysts at The Goldman Sachs Group in a research report issued to clients and investors on Tuesday, MarketBeat reports. They presently have a $114.00 price objective on the specialty retailer’s stock, down from their prior price objective of $133.00. The Goldman Sachs Group’s price target would suggest a potential downside of 5.13% from the company’s current price.

A number of other analysts have also commented on GPC. Truist Financial lifted their price target on Genuine Parts from $129.00 to $133.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Loop Capital began coverage on Genuine Parts in a research note on Thursday, January 16th. They set a “buy” rating and a $155.00 target price on the stock. Northcoast Research lowered shares of Genuine Parts from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Finally, Evercore ISI lowered their price objective on shares of Genuine Parts from $128.00 to $125.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Genuine Parts currently has an average rating of “Hold” and a consensus target price of $135.00.

Genuine Parts Price Performance

GPC opened at $120.17 on Tuesday. Genuine Parts has a 1 year low of $112.74 and a 1 year high of $164.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 0.57. The company has a market capitalization of $16.68 billion, a price-to-earnings ratio of 18.57 and a beta of 0.93. The firm’s fifty day moving average price is $121.16 and its two-hundred day moving average price is $123.72.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Millstone Evans Group LLC bought a new position in shares of Genuine Parts in the fourth quarter worth $25,000. Kestra Investment Management LLC purchased a new stake in Genuine Parts during the 4th quarter worth about $28,000. First Command Advisory Services Inc. bought a new position in Genuine Parts in the 4th quarter worth about $28,000. Compass Planning Associates Inc purchased a new position in Genuine Parts during the 4th quarter valued at about $29,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Genuine Parts during the fourth quarter valued at about $32,000. 78.83% of the stock is currently owned by hedge funds and other institutional investors.

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.