Wedbush Has Negative Outlook of Genuine Parts Q1 Earnings

Genuine Parts (NYSE:GPC - Free Report) - Wedbush lowered their Q1 2025 EPS estimates for shares of Genuine Parts in a report issued on Wednesday, February 19th. Wedbush analyst S. Basham now anticipates that the specialty retailer will post earnings per share of $1.73 for the quarter, down from their previous forecast of $2.15. The consensus estimate for Genuine Parts' current full-year earnings is $7.90 per share. Wedbush also issued estimates for Genuine Parts' Q2 2025 earnings at $2.14 EPS and FY2027 earnings at $9.49 EPS.

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 for the quarter, beating analysts' consensus estimates of $1.54 by $0.07. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. The company had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter last year, the business earned $2.26 EPS.

Several other equities analysts have also weighed in on the company. Evercore ISI reduced their price objective on Genuine Parts from $128.00 to $125.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 19th. Redburn Atlantic upgraded shares of Genuine Parts to a "hold" rating in a report on Monday, November 11th. Loop Capital began coverage on shares of Genuine Parts in a research note on Thursday, January 16th. They set a "buy" rating and a $155.00 price objective for the company. Truist Financial raised their target price on shares of 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 cut shares of Genuine Parts from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. Eight investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $137.63.

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Genuine Parts Trading Up 0.8 %

Genuine Parts stock traded up $1.04 during midday trading on Friday, reaching $123.22. The stock had a trading volume of 1,229,269 shares, compared to its average volume of 1,593,616. The stock has a market capitalization of $17.13 billion, a PE ratio of 19.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16. The stock's 50-day simple moving average is $118.36 and its 200 day simple moving average is $126.88. Genuine Parts has a twelve month low of $112.74 and a twelve month high of $164.45.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GPC. Norges Bank acquired a new position in Genuine Parts in the fourth quarter worth $206,645,000. Junto Capital Management LP acquired a new position in shares of Genuine Parts in the 4th quarter valued at about $94,868,000. Equity Investment Corp bought a new stake in shares of Genuine Parts during the 4th quarter valued at about $84,128,000. International Assets Investment Management LLC lifted its holdings in Genuine Parts by 14,222.1% in the third quarter. International Assets Investment Management LLC now owns 584,342 shares of the specialty retailer's stock worth $81,621,000 after acquiring an additional 580,262 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in Genuine Parts by 204.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 789,050 shares of the specialty retailer's stock valued at $92,129,000 after acquiring an additional 530,057 shares during the period. Institutional investors and hedge funds own 78.83% of the company's stock.

Insider Transactions at Genuine Parts

In other news, Director Wendy B. Needham sold 1,608 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $120.78, for a total value of $194,214.24. Following the sale, the director now owns 11,357 shares in the company, valued at approximately $1,371,698.46. This represents a 12.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.37% of the company's stock.

Genuine Parts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a dividend of $1.03 per share. This is a boost from Genuine Parts's previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, March 7th. Genuine Parts's dividend payout ratio is 63.68%.

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.