Genuine Parts (NYSE:GPC) Receives Consensus Rating of “Hold” from Analysts

Genuine Parts (NYSE:GPC) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $106.75.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Genuine Parts from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. Evercore ISI assumed coverage on shares of Genuine Parts in a research report on Wednesday, March 20th. They set an “in-line” rating and a $110.00 price objective for the company. Stephens assumed coverage on shares of Genuine Parts in a research report on Thursday, May 30th. They set an “overweight” rating and a $114.00 price objective for the company. Finally, ValuEngine lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a research report on Friday, April 19th.

Shares of GPC opened at $103.58 on Friday. The company’s 50-day moving average is $100.48. The firm has a market capitalization of $15.13 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 3.37 and a beta of 0.95. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.20 and a quick ratio of 0.64. Genuine Parts has a 52 week low of $90.37 and a 52 week high of $115.20.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Thursday, April 18th. The specialty retailer reported $1.28 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.03). The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.79 billion. Genuine Parts had a net margin of 4.20% and a return on equity of 23.46%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 EPS. Equities research analysts predict that Genuine Parts will post 5.9 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be given a $0.7625 dividend. This represents a $3.05 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, June 6th. Genuine Parts’s dividend payout ratio (DPR) is presently 53.70%.

In other Genuine Parts news, insider Scott Sonnemaker purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of $99.01 per share, with a total value of $495,050.00. Following the completion of the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $495,050. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.50% of the company’s stock.

A number of large investors have recently bought and sold shares of GPC. Norges Bank acquired a new position in Genuine Parts in the fourth quarter worth about $132,716,000. Two Sigma Advisers LP raised its position in Genuine Parts by 289.8% in the fourth quarter. Two Sigma Advisers LP now owns 872,561 shares of the specialty retailer’s stock worth $83,783,000 after purchasing an additional 648,700 shares in the last quarter. Millennium Management LLC raised its position in Genuine Parts by 137.4% in the fourth quarter. Millennium Management LLC now owns 859,401 shares of the specialty retailer’s stock worth $82,520,000 after purchasing an additional 497,425 shares in the last quarter. Ronna Sue Cohen raised its position in Genuine Parts by 11,103.0% in the first quarter. Ronna Sue Cohen now owns 385,943 shares of the specialty retailer’s stock worth $386,000 after purchasing an additional 382,498 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in Genuine Parts by 2,181.6% in the first quarter. Acadian Asset Management LLC now owns 290,034 shares of the specialty retailer’s stock worth $32,492,000 after purchasing an additional 277,322 shares in the last quarter. 76.32% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.

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Analyst Recommendations for Genuine Parts (NYSE:GPC)

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