Genuine Parts (NYSE:GPC) Price Target Raised to $137.00

Genuine Parts (NYSE:GPC) had its target price raised by JPMorgan Chase & Co. from $125.00 to $137.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the specialty retailer’s stock.

Several other equities research analysts have also issued reports on GPC. Raymond James Financial reaffirmed a “strong-buy” rating and set a $165.00 price target on shares of Genuine Parts in a research note on Wednesday, July 22nd. DA Davidson increased their price objective on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research report on Monday, September 21st. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, UBS Group reissued a “neutral” rating and set a $122.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $146.00.

Genuine Parts Stock Performance

NYSE GPC opened at $131.59 on Monday. Genuine Parts has a 52-week low of $90.78 and a 52-week high of $151.57. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.50 and a current ratio of 1.16. The company has a market capitalization of $18.14 billion, a P/E ratio of 526.34, a P/E/G ratio of 2.42 and a beta of 0.67. The company has a fifty day moving average of $132.22 and a 200-day moving average of $118.10.

Genuine Parts (NYSE:GPC) last announced its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.07. The company had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities research analysts predict that Genuine Parts will post 7.73 EPS for the current fiscal year.

Genuine Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, September 4th. Genuine Parts’s payout ratio is presently 1,700.00%.

Institutional Investors Weigh In On Genuine Parts

A number of institutional investors have recently made changes to their positions in GPC. Motiv8 Investments LLC bought a new position in Genuine Parts in the 4th quarter worth $31,000. Elevation Wealth Partners LLC increased its position in shares of Genuine Parts by 510.9% during the second quarter. Elevation Wealth Partners LLC now owns 281 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 235 shares during the period. EFG International AG purchased a new position in shares of Genuine Parts during the second quarter valued at about $36,000. Caitong International Asset Management Co. Ltd increased its position in shares of Genuine Parts by 34.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 88 shares during the period. Finally, Fiduciary Financial Advisors purchased a new position in shares of Genuine Parts during the second quarter valued at about $47,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

About Genuine Parts

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts and industrial components. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional repair businesses, retailers, equipment manufacturers, and other commercial customers through a broad distribution and service network.

In its automotive business, Genuine Parts distributes replacement parts, accessories, tools, and equipment for cars and light trucks. Its operations include the NAPA Auto Parts brand in North America, along with automotive distribution businesses serving customers in Europe and Australasia.