Genuine Parts Company (NYSE:GPC)‘s stock had its “hold” rating restated by investment analysts at Royal Bank of Canada in a research note issued to investors on Thursday. They presently have a $96.00 target price on the specialty retailer’s stock. Royal Bank of Canada’s target price suggests a potential upside of 6.47% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Genuine Parts Company from a “sell” rating to a “hold” rating in a report on Tuesday, February 14th. Goldman Sachs Group Inc reiterated a “neutral” rating and set a $104.00 target price (up previously from $98.00) on shares of Genuine Parts Company in a research note on Saturday, April 22nd. Finally, Jefferies Group LLC restated a “hold” rating and set a $95.00 price target on shares of Genuine Parts Company in a research report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $102.33.

Analyst Recommendations for Genuine Parts Company (NYSE:GPC)

Genuine Parts Company (NYSE:GPC) traded up 1.32% during midday trading on Thursday, reaching $91.36. 640,746 shares of the company’s stock were exchanged. The firm has a market capitalization of $13.47 billion, a P/E ratio of 19.77 and a beta of 0.93. The stock’s 50 day moving average is $91.61 and its 200 day moving average is $94.97. Genuine Parts Company has a 52 week low of $86.61 and a 52 week high of $105.97.

Genuine Parts Company (NYSE:GPC) last posted its earnings results on Wednesday, April 19th. The specialty retailer reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. Genuine Parts Company had a net margin of 4.57% and a return on equity of 21.43%. The business had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts expect that Genuine Parts Company will post $4.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Friday, June 9th will be paid a dividend of $0.675 per share. This represents a $2.70 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Wednesday, June 7th. Genuine Parts Company’s dividend payout ratio is presently 56.68%.

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A number of hedge funds have recently bought and sold shares of the stock. Wealthsource Partners LLC purchased a new stake in Genuine Parts Company during the third quarter worth approximately $423,000. First Business Financial Services Inc. purchased a new stake in Genuine Parts Company during the third quarter worth approximately $539,000. First National Trust Co. raised its stake in Genuine Parts Company by 9.3% in the third quarter. First National Trust Co. now owns 29,580 shares of the specialty retailer’s stock worth $2,971,000 after buying an additional 2,527 shares in the last quarter. Girard Partners LTD. raised its stake in Genuine Parts Company by 13.1% in the third quarter. Girard Partners LTD. now owns 18,993 shares of the specialty retailer’s stock worth $1,908,000 after buying an additional 2,206 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. raised its stake in Genuine Parts Company by 10.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 55,934 shares of the specialty retailer’s stock worth $5,619,000 after buying an additional 5,076 shares in the last quarter. 71.75% of the stock is owned by institutional investors.

About Genuine Parts Company

Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.

12 Month Chart for NYSE:GPC

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