Genuine Parts (GPC) Receives Consensus Rating of “Hold” from Brokerages
Genuine Parts (NYSE:GPC) has been given a consensus rating of “Hold” by the six ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $104.50.
GPC has been the topic of several recent analyst reports. Evercore ISI initiated coverage on shares of Genuine Parts in a research note on Wednesday, March 20th. They issued an “in-line” rating and a $110.00 price target on the stock. Zacks Investment Research downgraded shares of Genuine Parts from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Wedbush reaffirmed a “neutral” rating on shares of Genuine Parts in a research report on Tuesday, January 15th. Finally, ValuEngine downgraded shares of Genuine Parts from a “buy” rating to a “hold” rating in a research report on Friday, April 19th.
In related news, insider Scott Sonnemaker bought 5,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average cost of $99.01 per share, for a total transaction of $495,050.00. Following the purchase, the insider now directly owns 5,000 shares of the company’s stock, valued at $495,050. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.50% of the stock is owned by company insiders.
GPC stock traded down $0.59 during trading on Friday, hitting $96.17. The company had a trading volume of 22,257 shares, compared to its average volume of 995,895. The company has a market capitalization of $14.17 billion, a PE ratio of 16.91, a P/E/G ratio of 3.17 and a beta of 0.97. Genuine Parts has a 52-week low of $89.87 and a 52-week high of $115.20. 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 (NYSE:GPC) last posted its quarterly earnings results on Thursday, April 18th. The specialty retailer reported $1.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.03). The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.79 billion. Genuine Parts had a return on equity of 23.46% and a net margin of 4.20%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.27 EPS. Sell-side analysts forecast that Genuine Parts will post 5.9 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be paid a $0.7625 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Thursday, June 6th. Genuine Parts’s dividend payout ratio (DPR) is presently 53.70%.
About Genuine Parts
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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