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

Genuine Parts (NYSE:GPC) has been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $93.00.

Several research analysts have weighed in on GPC shares. Jefferies Group reissued a “hold” rating and set a $95.00 price objective on shares of Genuine Parts in a report on Sunday, September 10th. Royal Bank of Canada raised their price objective on shares of Genuine Parts from $85.00 to $98.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 26th. Zacks Investment Research raised shares of Genuine Parts from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Gabelli reissued a “buy” rating on shares of Genuine Parts in a report on Friday, October 20th. Finally, Moffett Nathanson started coverage on shares of Genuine Parts in a report on Monday, December 4th. They set a “sell” rating for the company.

Shares of Genuine Parts (NYSE GPC) traded up $0.58 during mid-day trading on Monday, reaching $95.11. 765,200 shares of the company’s stock traded hands, compared to its average volume of 849,463. The firm has a market cap of $13,940.00, a price-to-earnings ratio of 21.33, a P/E/G ratio of 3.61 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.62 and a current ratio of 1.32. Genuine Parts has a 52 week low of $79.86 and a 52 week high of $100.90.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.12). The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $4.10 billion. Genuine Parts had a return on equity of 20.49% and a net margin of 4.16%. Genuine Parts’s revenue was down 72.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.24 earnings per share. equities research analysts predict that Genuine Parts will post 4.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be given a $0.675 dividend. The ex-dividend date is Thursday, December 7th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 2.84%. Genuine Parts’s payout ratio is currently 60.54%.

Several institutional investors have recently bought and sold shares of the company. BKS Advisors LLC lifted its position in shares of Genuine Parts by 1.3% in the 2nd quarter. BKS Advisors LLC now owns 2,580 shares of the specialty retailer’s stock worth $239,000 after buying an additional 33 shares during the last quarter. Godsey & Gibb Associates lifted its position in Genuine Parts by 1.0% in the 2nd quarter. Godsey & Gibb Associates now owns 4,161 shares of the specialty retailer’s stock valued at $386,000 after purchasing an additional 40 shares during the last quarter. MUFG Americas Holdings Corp lifted its position in Genuine Parts by 1.5% in the 2nd quarter. MUFG Americas Holdings Corp now owns 2,985 shares of the specialty retailer’s stock valued at $277,000 after purchasing an additional 45 shares during the last quarter. Nordea Investment Management AB lifted its position in Genuine Parts by 0.9% in the 2nd quarter. Nordea Investment Management AB now owns 5,849 shares of the specialty retailer’s stock valued at $543,000 after purchasing an additional 55 shares during the last quarter. Finally, Marietta Wealth Management LLC lifted its position in Genuine Parts by 1.3% in the 2nd quarter. Marietta Wealth Management LLC now owns 5,235 shares of the specialty retailer’s stock valued at $486,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 75.83% of the company’s stock.

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About Genuine Parts

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.

Analyst Recommendations for Genuine Parts (NYSE:GPC)

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