Genuine Parts (NYSE:GPC) Upgraded by DA Davidson to Strong-Buy Rating

DA Davidson upgraded shares of Genuine Parts (NYSE:GPC) to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on GPC. Truist Financial cut their price objective on Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Raymond James Financial upgraded Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective on the stock in a report on Tuesday, February 24th. UBS Group cut their price objective on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Finally, Evercore set a $160.00 price objective on Genuine Parts in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $143.88.

Genuine Parts Price Performance

Shares of Genuine Parts stock opened at $107.13 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. The company’s 50-day moving average price is $103.00 and its two-hundred day moving average price is $117.03. Genuine Parts has a 52 week low of $90.78 and a 52 week high of $151.57. The stock has a market cap of $14.74 billion, a PE ratio of 249.14 and a beta of 0.66.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.75 by $0.02. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.17 billion. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. Genuine Parts’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, sell-side analysts anticipate that Genuine Parts will post 7.67 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, June 5th. Genuine Parts’s payout ratio is 988.37%.

Insiders Place Their Bets

In other Genuine Parts news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total transaction of $43,296.95. Following the transaction, the insider owned 25,589 shares of the company’s stock, valued at $2,669,700.37. The trade was a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Genuine Parts

Several institutional investors and hedge funds have recently bought and sold shares of GPC. Vanguard Group Inc. grew its stake in shares of Genuine Parts by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 17,365,970 shares of the specialty retailer’s stock valued at $2,406,923,000 after buying an additional 56,792 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Genuine Parts in the 3rd quarter valued at approximately $4,213,000. Dana Investment Advisors Inc. grew its stake in shares of Genuine Parts by 15.8% in the 3rd quarter. Dana Investment Advisors Inc. now owns 84,427 shares of the specialty retailer’s stock valued at $11,702,000 after buying an additional 11,539 shares in the last quarter. TABR Capital Management LLC bought a new stake in shares of Genuine Parts in the 4th quarter valued at approximately $4,217,000. Finally, California Public Employees Retirement System grew its stake in shares of Genuine Parts by 12.1% in the 3rd quarter. California Public Employees Retirement System now owns 533,603 shares of the specialty retailer’s stock valued at $73,957,000 after buying an additional 57,694 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Company Profile

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.