Genuine Parts (NYSE:GPC) Receives Sell Rating from The Goldman Sachs Group

Genuine Parts (NYSE:GPC - Get Free Report)'s stock had its "sell" rating reissued by equities researchers at The Goldman Sachs Group in a research note issued to investors on Tuesday, MarketBeat reports. They currently have a $114.00 price target on the specialty retailer's stock, down from their previous price target of $133.00. The Goldman Sachs Group's target price indicates a potential downside of 2.40% from the stock's current price.

Other analysts have also issued research reports about the stock. Evercore ISI lowered their price objective on shares of Genuine Parts from $128.00 to $125.00 and set an "in-line" rating for the company in a research note on Wednesday, February 19th. Loop Capital initiated coverage on shares of Genuine Parts in a report on Thursday, January 16th. They set a "buy" rating and a $155.00 price objective on the stock. Truist Financial raised their target price on Genuine Parts from $129.00 to $133.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Finally, Northcoast Research downgraded Genuine Parts from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $135.88.

Genuine Parts Price Performance

Shares of GPC traded down $1.88 during trading hours on Tuesday, reaching $116.80. The stock had a trading volume of 1,750,365 shares, compared to its average volume of 1,224,334. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16. Genuine Parts has a 12 month low of $112.74 and a 12 month high of $164.45. The stock has a market capitalization of $16.21 billion, a PE ratio of 18.05 and a beta of 0.93. The company's 50-day moving average is $121.16 and its two-hundred day moving average is $123.54.

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Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.07. The firm had revenue of $5.77 billion during the quarter, compared to analysts' expectations of $5.71 billion. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. During the same period in the prior year, the company posted $2.26 EPS. Research analysts expect that Genuine Parts will post 7.9 EPS for the current year.

Institutional Investors Weigh In On Genuine Parts

A number of institutional investors have recently added to or reduced their stakes in GPC. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Genuine Parts by 13.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,886 shares of the specialty retailer's stock valued at $4,314,000 after acquiring an additional 3,601 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Genuine Parts by 15.2% in the third quarter. Public Sector Pension Investment Board now owns 6,068 shares of the specialty retailer's stock valued at $848,000 after acquiring an additional 800 shares during the period. Verition Fund Management LLC grew its position in shares of Genuine Parts by 6.6% during the 3rd quarter. Verition Fund Management LLC now owns 18,631 shares of the specialty retailer's stock valued at $2,602,000 after purchasing an additional 1,151 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in Genuine Parts during the third quarter worth about $1,237,000. Finally, Hilltop Holdings Inc. grew its holdings in shares of Genuine Parts by 14.5% during the third quarter. Hilltop Holdings Inc. now owns 14,400 shares of the specialty retailer's stock worth $2,011,000 after purchasing an additional 1,825 shares in the last quarter. 78.83% of the stock is owned by institutional investors.

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.