Genuine Parts (NYSE:GPC) Hits New 12-Month Low – What’s Next?

Genuine Parts Company (NYSE:GPC)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $103.80 and last traded at $104.0920, with a volume of 450647 shares changing hands. The stock had previously closed at $105.74.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GPC shares. Truist Financial set a $127.00 price target on shares of Genuine Parts and gave the company a “hold” rating in a research report on Wednesday, February 18th. Raymond James Financial raised shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, February 24th. Evercore set a $160.00 price objective on shares of Genuine Parts in a report on Friday, February 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, December 29th. Finally, UBS Group dropped their price target on shares of Genuine Parts from $150.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.57.

Genuine Parts Price Performance

The company has a current ratio of 1.08, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. The business has a 50-day moving average of $129.54 and a 200 day moving average of $130.96. The firm has a market capitalization of $14.47 billion, a PE ratio of 226.14 and a beta of 0.75.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.24). Genuine Parts had a return on equity of 22.28% and a net margin of 0.27%.The firm had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.06 billion. During the same period in the prior year, the firm earned $1.61 earnings per share. Genuine Parts’s revenue was up 4.1% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, research analysts anticipate that Genuine Parts Company will post 7.9 EPS for the current fiscal year.

Genuine Parts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.1%. This is a boost from Genuine Parts’s previous quarterly dividend of $1.03. The ex-dividend date is Friday, March 6th. Genuine Parts’s dividend payout ratio is presently 923.91%.

Hedge Funds Weigh In On Genuine Parts

Several hedge funds have recently modified their holdings of GPC. United Asset Strategies Inc. grew its holdings in shares of Genuine Parts by 1.6% in the fourth quarter. United Asset Strategies Inc. now owns 4,492 shares of the specialty retailer’s stock valued at $552,000 after acquiring an additional 72 shares in the last quarter. Quadcap Wealth Management LLC lifted its holdings in Genuine Parts by 1.4% during the second quarter. Quadcap Wealth Management LLC now owns 5,578 shares of the specialty retailer’s stock worth $677,000 after acquiring an additional 75 shares during the period. J2 Capital Management Inc boosted its position in Genuine Parts by 1.9% in the fourth quarter. J2 Capital Management Inc now owns 4,136 shares of the specialty retailer’s stock worth $509,000 after purchasing an additional 79 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Genuine Parts by 25.9% in the third quarter. Hantz Financial Services Inc. now owns 399 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 82 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in Genuine Parts by 0.6% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 14,806 shares of the specialty retailer’s stock valued at $2,052,000 after purchasing an additional 83 shares during the period. Institutional investors own 78.83% of the company’s stock.

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.