Genuine Parts Company (NYSE:GPC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Genuine Parts Company (NYSE:GPC) have received an average rating of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $154.1429.

GPC has been the topic of several research reports. Truist Financial boosted their target price on Genuine Parts from $146.00 to $162.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Evercore ISI set a $175.00 price objective on shares of Genuine Parts in a research report on Wednesday, February 11th. The Goldman Sachs Group upgraded shares of Genuine Parts from a “sell” rating to a “neutral” rating and increased their target price for the stock from $130.00 to $142.00 in a report on Thursday, November 13th. JPMorgan Chase & Co. raised their target price on shares of Genuine Parts from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Finally, UBS Group reissued a “neutral” rating on shares of Genuine Parts in a research report on Wednesday, February 11th.

Genuine Parts Stock Down 0.2%

GPC stock opened at $147.37 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.14 and a quick ratio of 0.51. The stock has a market capitalization of $20.50 billion, a P/E ratio of 25.36 and a beta of 0.74. The business has a 50-day moving average of $133.74 and a 200-day moving average of $133.66. Genuine Parts has a fifty-two week low of $104.01 and a fifty-two week high of $151.57.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Genuine Parts by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer’s stock valued at $2,155,975,000 after buying an additional 167,981 shares during the last quarter. State Street Corp increased its holdings in Genuine Parts by 0.9% during the second quarter. State Street Corp now owns 7,797,180 shares of the specialty retailer’s stock worth $953,779,000 after buying an additional 73,361 shares during the last quarter. Barclays PLC raised its position in Genuine Parts by 10.6% during the fourth quarter. Barclays PLC now owns 3,901,362 shares of the specialty retailer’s stock worth $479,711,000 after acquiring an additional 373,065 shares in the last quarter. Geode Capital Management LLC lifted its stake in Genuine Parts by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock valued at $462,772,000 after acquiring an additional 64,676 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Genuine Parts by 2.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,080,251 shares of the specialty retailer’s stock valued at $373,425,000 after acquiring an additional 70,668 shares during the last quarter. 78.83% of the stock is currently owned by institutional investors.

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.