Genuine Parts Company (NYSE:GPC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Genuine Parts Company (NYSE:GPC) has received a consensus rating of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $145.5714.

GPC has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Friday. Truist Financial set a $127.00 target price on Genuine Parts and gave the company a “hold” rating in a report on Wednesday, February 18th. Zacks Research cut Genuine Parts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 25th. Raymond James Financial raised shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price target on the stock in a report on Tuesday, February 24th. Finally, UBS Group cut their price objective on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Genuine Parts by 3.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock valued at $2,111,000 after acquiring an additional 671 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Genuine Parts by 40.7% during the first quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock worth $1,399,000 after purchasing an additional 3,396 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Genuine Parts by 3.4% in the second quarter. Russell Investments Group Ltd. now owns 45,381 shares of the specialty retailer’s stock worth $5,499,000 after purchasing an additional 1,502 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Genuine Parts by 0.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 120,214 shares of the specialty retailer’s stock worth $14,583,000 after purchasing an additional 910 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Genuine Parts by 12.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,029 shares of the specialty retailer’s stock valued at $1,945,000 after purchasing an additional 1,789 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Genuine Parts Stock Up 1.2%

Genuine Parts stock opened at $105.62 on Wednesday. Genuine Parts has a 1-year low of $96.08 and a 1-year high of $151.57. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 229.61 and a beta of 0.75. The company has a current ratio of 1.08, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. The firm has a 50 day simple moving average of $122.94 and a 200 day simple moving average of $127.85.

Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.24). Genuine Parts had a return on equity of 22.28% and a net margin of 0.27%.The company had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter in the prior year, the company earned $1.61 EPS. The company’s revenue was up 4.1% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, analysts predict that Genuine Parts will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.03. Genuine Parts’s payout ratio is 923.91%.

About Genuine Parts

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.