Truist Financial Increases Genuine Parts (NYSE:GPC) Price Target to $126.00

Genuine Parts (NYSE:GPC) had its target price raised by equities research analysts at Truist Financial from $124.00 to $126.00 in a research report issued to clients and investors on Wednesday, MarketBeat reports. The brokerage presently has a “hold” rating on the specialty retailer’s stock. Truist Financial’s target price would suggest a potential upside of 5.05% from the stock’s current price.

A number of other analysts have also recently weighed in on GPC. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Raymond James Financial reiterated a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a research note on Wednesday. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a report on Wednesday. DA Davidson boosted their target price on shares of Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Finally, Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.00.

Genuine Parts Stock Down 0.4%

GPC opened at $119.94 on Wednesday. The business has a 50 day moving average price of $109.85 and a 200 day moving average price of $115.48. Genuine Parts has a twelve month low of $90.78 and a twelve month high of $151.57. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.48 and a current ratio of 1.16. The firm has a market cap of $16.54 billion, a P/E ratio of 479.77 and a beta of 0.63.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The firm had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts forecast that Genuine Parts will post 7.69 EPS for the current year.

Insider Activity

In related news, insider James F. Howe sold 415 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total transaction of $43,296.95. Following the transaction, the insider owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.13% of the company’s stock.

Institutional Trading of Genuine Parts

A number of hedge funds have recently bought and sold shares of the stock. Strive Financial Group LLC acquired a new stake in Genuine Parts in the 4th quarter worth $25,000. Olistico Wealth LLC acquired a new position in shares of Genuine Parts during the fourth quarter valued at about $25,000. WPG Advisers LLC raised its position in shares of Genuine Parts by 213.0% during the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 164 shares during the last quarter. Motiv8 Investments LLC bought a new stake in shares of Genuine Parts in the fourth quarter valued at about $31,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Genuine Parts by 6,225.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 253 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 249 shares during the period. 78.83% of the stock is owned by institutional investors.

Genuine Parts Company Profile

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.