Genuine Parts (NYSE:GPC) – Analysts at Wedbush raised their FY2020 earnings estimates for Genuine Parts in a research report issued on Thursday, January 3rd. Wedbush analyst S. Basham now anticipates that the specialty retailer will post earnings per share of $6.30 for the year, up from their previous estimate of $6.29.
Get Genuine Parts alerts: GPC has been the topic of a number of other reports. ValuEngine downgraded shares of Genuine Parts from a “buy” rating to a “hold” note on Thursday, November 1st. Zacks Investment Research downgraded shares of Genuine Parts from a “hold” rating to a “sell” note on Wednesday, September 19th. Finally, Bank of America downgraded shares of Genuine Parts from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research note on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $104.60.
Genuine Parts stock opened at $93.28 on Friday. The company has a market capitalization of $14.09 billion, a PE ratio of 20.10, a P/E/G ratio of 3.20 and a beta of 1.05. Genuine Parts has a 1 year low of $85.80 and a 1 year high of $107.75. The company has a current ratio of 1.33, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67.
Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Thursday, October 18th. The specialty retailer reported $1.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.48. The business had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.71 billion. Genuine Parts had a net margin of 3.99% and a return on equity of 22.54%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 EPS.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Thursday, December 6th. Genuine Parts’s dividend payout ratio (DPR) is 62.07%.
In related news, Director John R. Holder purchased 500 shares of Genuine Parts dated Monday, November 26th. The shares were acquired at an average cost of $100.81 per share, with a total value of $50,405.00. Following the purchase, the director now owns 7,058 shares of the company’s stock, valued at $711,516.98. legal filing with the SEC, which is available at the SEC website . 3.10% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Aperio Group LLC increased its stake in Genuine Parts by 9.1% during the 3rd quarter. Aperio Group LLC now owns 70,739 shares of the specialty retailer’s stock worth $7,031,000 after buying an additional 5,887 shares during the period. Vanguard Group Inc increased its stake in Genuine Parts by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 14,954,369 shares of the specialty retailer’s stock worth $1,486,465,000 after buying an additional 191,348 shares during the period. Bank of America Corp DE increased its stake in Genuine Parts by 318.5% during the 2nd quarter. Bank of America Corp DE now owns 7,036,209 shares of the specialty retailer’s stock worth $645,853,000 after buying an additional 5,354,849 shares during the period. Jane Street Group LLC increased its stake in Genuine Parts by 1,179.5% during the 3rd quarter. Jane Street Group LLC now owns 61,530 shares of the specialty retailer’s stock worth $6,116,000 after buying an additional 56,721 shares during the period. Finally, Smith Shellnut Wilson LLC ADV purchased a new stake in Genuine Parts during the 3rd quarter worth approximately $281,000. 80.54% of the stock is currently owned by hedge funds and other institutional investors.
About Genuine Parts
Genuine Parts Co engages in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. It operates through the following segments: Automotive, Industrial, Office Products, and Electrical/Electronic Materials. The Automotive segment distributes replacement parts, other than body parts for substantially all makes and models of automobiles, trucks, and other vehicles.
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