Genuine Parts Co. (NYSE:GPC) has been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $98.11.
Several equities analysts recently commented on GPC shares. Zacks Investment Research lowered shares of Genuine Parts from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. Gabelli lowered shares of Genuine Parts from a “buy” rating to a “hold” rating and set a $106.00 price target on the stock. in a report on Thursday, July 14th. Jefferies Group lowered shares of Genuine Parts from a “buy” rating to a “hold” rating and set a $112.00 price target on the stock. in a report on Friday, July 15th. Wedbush reissued a “neutral” rating and issued a $98.00 price target on shares of Genuine Parts in a report on Wednesday, July 20th. Finally, Argus reissued a “buy” rating and issued a $108.00 price target (up previously from $106.00) on shares of Genuine Parts in a report on Monday, July 25th.
Institutional investors have recently bought and sold shares of the company. OMERS ADMINISTRATION Corp acquired a new position in Genuine Parts during the first quarter worth about $427,000. Canada Pension Plan Investment Board raised its position in Genuine Parts by 426.5% in the first quarter. Canada Pension Plan Investment Board now owns 24,800 shares of the company’s stock worth $2,464,000 after buying an additional 20,090 shares in the last quarter. Credit Agricole S A raised its position in Genuine Parts by 25.9% in the first quarter. Credit Agricole S A now owns 35,717 shares of the company’s stock worth $3,550,000 after buying an additional 7,343 shares in the last quarter. Aviva PLC raised its position in Genuine Parts by 0.9% in the first quarter. Aviva PLC now owns 77,863 shares of the company’s stock worth $7,736,000 after buying an additional 732 shares in the last quarter. Finally, ING Groep NV acquired a new position in Genuine Parts during the first quarter worth about $337,000. 71.56% of the stock is owned by institutional investors.
Genuine Parts (NYSE:GPC) traded down 0.73% during midday trading on Friday, hitting $98.50. 231,253 shares of the company were exchanged. The stock has a 50 day moving average of $100.65 and a 200 day moving average of $99.12. Genuine Parts has a 1-year low of $76.50 and a 1-year high of $105.97. The firm has a market capitalization of $14.67 billion, a PE ratio of 21.27 and a beta of 0.92.
Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, July 19th. The company reported $1.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by $0.01. Genuine Parts had a net margin of 4.59% and a return on equity of 21.79%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the business posted $1.28 EPS. On average, equities analysts predict that Genuine Parts will post $4.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 9th were given a dividend of $0.6575 per share. This represents a $2.63 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Wednesday, September 7th. Genuine Parts’s dividend payout ratio is presently 56.68%.
Genuine Parts Company Profile
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.
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