Genuine Parts (NYSE:GPC) Price Target Lowered to $125.00 at Evercore ISI

Genuine Parts (NYSE:GPC - Get Free Report) had its price target reduced by analysts at Evercore ISI from $128.00 to $125.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an "in-line" rating on the specialty retailer's stock. Evercore ISI's price target suggests a potential upside of 2.73% from the stock's current price.

A number of other equities research analysts also recently issued reports on the company. Loop Capital began coverage on Genuine Parts in a research report on Thursday, January 16th. They set a "buy" rating and a $155.00 price target for the company. Redburn Atlantic upgraded Genuine Parts to a "hold" rating in a research note on Monday, November 11th. UBS Group reduced their price objective on Genuine Parts from $145.00 to $125.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price objective on Genuine Parts from $162.00 to $135.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 22nd. Finally, Northcoast Research cut Genuine Parts from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. Eight research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $137.63.

Genuine Parts Trading Down 1.3 %

GPC stock traded down $1.59 during trading on Wednesday, reaching $121.68. 1,466,224 shares of the stock traded hands, compared to its average volume of 1,616,399. The business's 50 day moving average price is $118.28 and its 200-day moving average price is $127.27. Genuine Parts has a 52-week low of $112.74 and a 52-week high of $164.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 0.57. The firm has a market capitalization of $16.92 billion, a PE ratio of 18.81 and a beta of 0.94.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.07. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. The firm had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the previous year, the business earned $2.26 earnings per share. As a group, sell-side analysts forecast that Genuine Parts will post 7.91 earnings per share for the current year.

Insider Buying and Selling

In other Genuine Parts news, Director Wendy B. Needham sold 1,608 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $120.78, for a total transaction of $194,214.24. Following the sale, the director now owns 11,357 shares in the company, valued at $1,371,698.46. This represents a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.37% of the company's stock.

Institutional Trading of Genuine Parts

Several institutional investors and hedge funds have recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in Genuine Parts during the 4th quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Genuine Parts in the third quarter valued at $26,000. Kestra Investment Management LLC purchased a new stake in shares of Genuine Parts in the fourth quarter valued at $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Genuine Parts in the fourth quarter valued at $28,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Genuine Parts in the fourth quarter worth $29,000. Institutional investors and hedge funds own 78.83% of the company's stock.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: 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 equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.