Genuine Parts (GPC) Scheduled to Post Quarterly Earnings on Thursday

Genuine Parts (NYSE:GPCGet Free Report) will be posting its quarterly earnings results before the market opens on Thursday, February 15th. Analysts expect Genuine Parts to post earnings of $2.20 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Genuine Parts Trading Up 1.0 %

Shares of Genuine Parts stock opened at $142.78 on Thursday. The company has a quick ratio of 0.58, a current ratio of 1.16 and a debt-to-equity ratio of 0.71. The firm has a market cap of $20.02 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 1.53 and a beta of 0.94. The business has a fifty day simple moving average of $138.78 and a 200-day simple moving average of $143.13. Genuine Parts has a fifty-two week low of $126.35 and a fifty-two week high of $181.37.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Thursday, November 30th. Genuine Parts’s dividend payout ratio is 42.99%.

Institutional Investors Weigh In On Genuine Parts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. grew its stake in Genuine Parts by 122.2% in the second quarter. Sunbelt Securities Inc. now owns 160 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 88 shares during the period. First Capital Advisors Group LLC. acquired a new position in Genuine Parts in the second quarter valued at about $31,000. Compass Wealth Management LLC acquired a new position in Genuine Parts in the fourth quarter valued at about $35,000. Salem Investment Counselors Inc. grew its stake in Genuine Parts by 42.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 200 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 60 shares during the period. Finally, Fred Alger Management LLC acquired a new position in Genuine Parts in the third quarter valued at about $42,000. Institutional investors own 77.51% of the company’s stock.

Analyst Upgrades and Downgrades

GPC has been the subject of several analyst reports. UBS Group began coverage on Genuine Parts in a report on Thursday, October 12th. They set a “neutral” rating and a $160.00 target price for the company. Truist Financial lowered their price objective on Genuine Parts from $172.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, October 20th. JPMorgan Chase & Co. increased their price objective on Genuine Parts from $184.00 to $189.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Wedbush lowered their price objective on Genuine Parts from $160.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. Finally, The Goldman Sachs Group decreased their target price on Genuine Parts from $178.00 to $152.00 and set a “neutral” rating for the company in a research note on Friday, October 20th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.11.

View Our Latest Report on Genuine Parts

Genuine Parts Company Profile

(Get Free Report)

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and accessory and supply items used by various automotive aftermarket customers, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.

See Also

Earnings History for Genuine Parts (NYSE:GPC)

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