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

Shares of Genuine Parts (NYSE:GPC) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $161.14.

A number of research firms recently weighed in on GPC. Jefferies Financial Group lifted their price objective on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, April 19th. StockNews.com lowered shares of Genuine Parts from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Wedbush reduced their price objective on shares of Genuine Parts from $170.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. UBS Group reduced their price objective on shares of Genuine Parts from $165.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Finally, Evercore ISI cut their price target on shares of Genuine Parts from $150.00 to $148.00 and set an “in-line” rating for the company in a report on Wednesday, July 24th.

Genuine Parts Price Performance

Genuine Parts stock opened at $136.85 on Friday. Genuine Parts has a 52 week low of $126.35 and a 52 week high of $164.45. The company’s 50 day moving average price is $139.15 and its two-hundred day moving average price is $146.39. The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 0.66. The stock has a market cap of $19.06 billion, a P/E ratio of 15.26 and a beta of 0.92.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, July 23rd. The specialty retailer reported $2.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.59 by ($0.15). Genuine Parts had a return on equity of 30.03% and a net margin of 5.24%. The company had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the previous year, the business earned $2.44 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts predict that Genuine Parts will post 9.36 earnings per share for the current year.

Insider Transactions at Genuine Parts

In other news, Director Wendy B. Needham sold 3,000 shares of Genuine Parts stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $151.29, for a total transaction of $453,870.00. Following the completion of the sale, the director now directly owns 13,006 shares of the company’s stock, valued at approximately $1,967,677.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.37% of the stock is currently owned by insiders.

Institutional Trading of Genuine Parts

Hedge funds have recently made changes to their positions in the stock. Alaethes Wealth LLC lifted its stake in Genuine Parts by 3.7% in the second quarter. Alaethes Wealth LLC now owns 7,915 shares of the specialty retailer’s stock worth $1,102,000 after purchasing an additional 284 shares during the last quarter. Ensign Peak Advisors Inc lifted its stake in Genuine Parts by 6.9% in the second quarter. Ensign Peak Advisors Inc now owns 47,665 shares of the specialty retailer’s stock worth $6,593,000 after purchasing an additional 3,095 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in Genuine Parts by 7.9% in the second quarter. Summit Trail Advisors LLC now owns 2,273 shares of the specialty retailer’s stock worth $317,000 after purchasing an additional 166 shares during the last quarter. Sei Investments Co. lifted its stake in Genuine Parts by 11.7% in the second quarter. Sei Investments Co. now owns 118,676 shares of the specialty retailer’s stock worth $16,413,000 after purchasing an additional 12,437 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in Genuine Parts by 21.1% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 29,240 shares of the specialty retailer’s stock worth $4,044,000 after purchasing an additional 5,100 shares during the last quarter. 78.83% of the stock is owned by institutional investors.

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.