Genuine Parts (NYSE:GPC) – Analysts at Wedbush lifted their FY2018 earnings estimates for shares of Genuine Parts in a research report issued on Thursday. Wedbush analyst S. Basham now expects that the specialty retailer will post earnings of $6.26 per share for the year, up from their prior forecast of $5.32.

GPC has been the subject of a number of other reports. Moffett Nathanson initiated coverage on Genuine Parts in a research note on Monday, December 4th. They set a “sell” rating for the company. Zacks Investment Research downgraded Genuine Parts from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Gabelli restated a “buy” rating on shares of Genuine Parts in a research note on Friday, October 20th. Jefferies Group restated a “hold” rating and set a $95.00 price target on shares of Genuine Parts in a research note on Thursday, October 12th. Finally, Royal Bank of Canada boosted their price target on Genuine Parts from $85.00 to $98.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Genuine Parts currently has a consensus rating of “Hold” and an average target price of $95.00.

Genuine Parts (NYSE:GPC) traded up $1.38 during midday trading on Monday, reaching $103.28. The company had a trading volume of 1,026,000 shares, compared to its average volume of 843,544. Genuine Parts has a 52 week low of $79.86 and a 52 week high of $103.39. The company has a market cap of $15,142.24, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 2.52 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.32 and a quick ratio of 0.62.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.12). Genuine Parts had a return on equity of 20.49% and a net margin of 4.16%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the business posted $1.24 earnings per share. Genuine Parts’s quarterly revenue was down 72.2% compared to the same quarter last year.

Large investors have recently made changes to their positions in the stock. Rowland & Co. Investment Counsel ADV grew its stake in shares of Genuine Parts by 6.3% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 68,624 shares of the specialty retailer’s stock valued at $6,373,000 after acquiring an additional 4,066 shares during the period. Trust Co. of Vermont grew its stake in shares of Genuine Parts by 11.5% during the 3rd quarter. Trust Co. of Vermont now owns 6,490 shares of the specialty retailer’s stock valued at $620,000 after acquiring an additional 671 shares during the period. Schafer Cullen Capital Management Inc. grew its stake in shares of Genuine Parts by 7.2% during the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 1,020,794 shares of the specialty retailer’s stock valued at $94,689,000 after acquiring an additional 68,631 shares during the period. Lord Abbett & CO. LLC grew its stake in shares of Genuine Parts by 60.1% during the 2nd quarter. Lord Abbett & CO. LLC now owns 113,800 shares of the specialty retailer’s stock valued at $10,556,000 after acquiring an additional 42,700 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Genuine Parts by 22.7% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 9,795 shares of the specialty retailer’s stock valued at $937,000 after acquiring an additional 1,810 shares during the period. Institutional investors own 75.84% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were paid a dividend of $0.675 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.61%. Genuine Parts’s dividend payout ratio (DPR) is presently 60.40%.

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Genuine Parts Company Profile

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.

Earnings History and Estimates for Genuine Parts (NYSE:GPC)

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