Analysts Set Genuine Parts (NYSE:GPC) PT at $135.88

Shares of Genuine Parts (NYSE:GPC - Get Free Report) have earned an average recommendation of "Hold" from the ten research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $135.88.

Several equities analysts have issued reports on the company. Evercore ISI raised Genuine Parts from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $128.00 to $135.00 in a report on Friday, April 4th. Northcoast Research downgraded Genuine Parts from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $114.00 target price (down from $133.00) on shares of Genuine Parts in a research note on Tuesday, April 1st. Loop Capital assumed coverage on shares of Genuine Parts in a research note on Thursday, January 16th. They set a "buy" rating and a $155.00 price target on the stock. Finally, Truist Financial increased their target price on shares of Genuine Parts from $129.00 to $133.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th.

Hedge Funds Weigh In On Genuine Parts

Several large investors have recently made changes to their positions in GPC. Anchor Investment Management LLC boosted its stake in shares of Genuine Parts by 59.4% during the 3rd quarter. Anchor Investment Management LLC now owns 1,503 shares of the specialty retailer's stock worth $210,000 after acquiring an additional 560 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in shares of Genuine Parts by 16.4% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 27,075 shares of the specialty retailer's stock valued at $3,792,000 after acquiring an additional 3,813 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in Genuine Parts by 1,229.9% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 32,476 shares of the specialty retailer's stock valued at $4,536,000 after purchasing an additional 30,034 shares during the period. Optimist Retirement Group LLC boosted its position in shares of Genuine Parts by 26.8% in the third quarter. Optimist Retirement Group LLC now owns 15,802 shares of the specialty retailer's stock worth $2,207,000 after buying an additional 3,338 shares during the period. Finally, Synovus Financial Corp raised its position in Genuine Parts by 95.4% during the third quarter. Synovus Financial Corp now owns 391,670 shares of the specialty retailer's stock valued at $54,708,000 after buying an additional 191,272 shares during the period. Institutional investors own 78.83% of the company's stock.

Genuine Parts Stock Performance

Genuine Parts stock traded up $1.85 during mid-day trading on Wednesday, reaching $114.02. 1,632,737 shares of the company traded hands, compared to its average volume of 1,255,112. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 0.57. Genuine Parts has a fifty-two week low of $104.01 and a fifty-two week high of $164.45. The company has a market capitalization of $15.82 billion, a price-to-earnings ratio of 17.62 and a beta of 0.82. The firm's fifty day moving average is $119.97 and its two-hundred day moving average is $121.62.

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

Genuine Parts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.12 annualized dividend and a yield of 3.61%. This is a boost from Genuine Parts's previous quarterly dividend of $1.00. Genuine Parts's dividend payout ratio (DPR) is currently 63.68%.

About Genuine Parts

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.