In yesterday’s Wall Street session, Genuine Parts Company (NYSE:GPC) shares traded at $169.81, down -2.13% from the previous session.
As of this writing, 14 analysts cover Genuine Parts Company (NYSE:GPC). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $185.00 and a low of $147.00, we find $170.00. Given the previous closing price of $173.51, this indicates a potential downside of -2.02 percent. GPC stock price is now -4.88% away from the 50-day moving average and 12.13% away from the 200-day moving average. The market capitalization of the company currently stands at $24.18B.
There are 11 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $166.44 as their price target over the next twelve months.
With the price target enhanced from $124 to $147, Goldman Downgraded its rating from Neutral to Sell for Genuine Parts Company (NYSE: GPC). On May 10, 2022, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $133, while ‘Truist’ rates the stock as ‘Hold’.
Insiders disposed of 34,427 shares of company stock worth roughly $5.85 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GPC stock. A new stake in Genuine Parts Company shares was purchased by LORD, ABBETT & CO. LLC during the first quarter worth $25,924,000. WALLEYE CAPITAL LLC invested $24,215,000 in shares of GPC during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Genuine Parts Company valued at approximately $19,240,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in GPC for approximately $6,431,000. WEISS ASSET MANAGEMENT LP purchased a new stake in GPC valued at around $5,816,000 in the second quarter. In total, there are 1,350 active investors with 82.40% ownership of the company’s stock.
Tuesday morning saw Genuine Parts Company (NYSE: GPC) opened at $173.18. During the past 12 months, Genuine Parts Company has had a low of $115.63 and a high of $187.73. As of last week, the company has a debt-to-equity ratio of 0.88, a current ratio of 1.20, and a quick ratio of 0.60. The fifty day moving average price for GPC is $178.52 and a two-hundred day moving average price translates $151.45 for the stock.
The latest earnings results from Genuine Parts Company (NYSE: GPC) was released for Sep, 2022. According to the Specialty Retail Company, earnings per share came in at $2.23, beating analysts’ expectations of $2.05 by 0.18. This compares to $1.59 EPS in the same period last year. The net profit margin was 5.60% and return on equity was 33.00% for GPC. The company reported revenue of $5.68 billion for the quarter, compared to $4.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.77 percent. For the current quarter, analysts expect GPC to generate $5.31B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/03/2023. Investors who held shares on 12/02/2022 were paid a $0.895 dividend. On an annualized basis, this represents a $3.58 dividend and a 2.11% percent yield. There was an ex-dividend date of 12/01/2022 for this dividend. In terms of dividend payout ratio, GPC is presently at 41.80%.
Genuine Parts Company(GPC) Company Profile
Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through 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 accessory and supply items used by various automotive aftermarket customers, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals. It also distributes industrial replacement parts and related supplies, such as bearings, mechanical and electrical power transmission products, industrial automation and robotics, hoses, hydraulic and pneumatic components, industrial and safety supplies, and material handling products for original equipment manufacturer, as well as maintenance, repair, and operation customers in equipment and machinery, food and beverage, forest product, primary metal, pulp and paper, mining, automotive, oil and gas, petrochemical, pharmaceutical, power generation, alternative energy, governments, transportation, ports, and other industries. In addition, the company provides various services and repairs comprising gearbox and fluid power and process pump assembly and repair, hydraulic drive shaft repair, electrical panel assembly and repair, hose and gasket manufacture and assembly, and other value-added services. It operates in the United States, Canada, France, the United Kingdom, Ireland, Germany, Poland, the Netherlands, Belgium, Australia, New Zealand, Mexico, Indonesia, and Singapore. The company was incorporated in 1928 and is headquartered in Atlanta, Georgia.