Genuine Parts Company (NYSE:GPC) has earned an average rating of “Hold” from the ten research firms that are presently covering the company. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $101.57.
Several research firms have issued reports on GPC. Zacks Investment Research upgraded Genuine Parts Company from a “sell” rating to a “hold” rating in a report on Tuesday, April 4th. Jefferies Group LLC restated a “hold” rating and issued a $95.00 price objective on shares of Genuine Parts Company in a report on Tuesday, April 18th. Goldman Sachs Group Inc upgraded Genuine Parts Company from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $95.00 to $105.00 in a report on Thursday, January 19th. Finally, Royal Bank of Canada increased their price objective on Genuine Parts Company from $94.00 to $96.00 and gave the stock a “sector perform” rating in a report on Thursday, April 20th.
Shares of Genuine Parts Company (NYSE:GPC) traded down 0.2979% during mid-day trading on Friday, reaching $91.5764. 53,616 shares of the company were exchanged. The company’s 50-day moving average is $91.85 and its 200 day moving average is $94.82. Genuine Parts Company has a 12 month low of $86.61 and a 12 month high of $105.97. The firm has a market capitalization of $13.50 billion, a price-to-earnings ratio of 19.8174 and a beta of 0.93.
Genuine Parts Company (NYSE:GPC) last issued its quarterly earnings results on Wednesday, April 19th. The specialty retailer reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the prior year, the company earned $1.05 EPS. Genuine Parts Company’s revenue was up 5.0% on a year-over-year basis. Analysts predict that Genuine Parts Company will post $4.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Friday, June 9th will be issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Wednesday, June 7th. Genuine Parts Company’s dividend payout ratio (DPR) is presently 56.68%.
Several institutional investors have recently added to or reduced their stakes in GPC. Pinnacle Bank acquired a new position in Genuine Parts Company during the first quarter valued at $115,000. Hirtle Callaghan & Co LLC acquired a new position in Genuine Parts Company during the third quarter valued at $180,000. Tompkins Financial Corp boosted its position in Genuine Parts Company by 146.7% in the first quarter. Tompkins Financial Corp now owns 1,875 shares of the specialty retailer’s stock valued at $186,000 after buying an additional 1,115 shares during the period. Washington Trust Bank boosted its position in Genuine Parts Company by 334.3% in the first quarter. Washington Trust Bank now owns 1,963 shares of the specialty retailer’s stock valued at $181,000 after buying an additional 1,511 shares during the period. Finally, Chicago Partners Investment Group LLC acquired a new position in Genuine Parts Company during the third quarter valued at $201,000. Institutional investors and hedge funds own 71.75% of the company’s stock.
Genuine Parts Company 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.