Genuine Parts (NYSE:GPC) – Stock analysts at Jefferies Financial Group cut their FY2019 earnings per share (EPS) estimates for shares of Genuine Parts in a research report issued to clients and investors on Thursday, October 17th. Jefferies Financial Group analyst B. Jordan now forecasts that the specialty retailer will earn $5.67 per share for the year, down from their previous forecast of $5.69. Jefferies Financial Group has a “Hold” rating and a $102.00 price target on the stock. Jefferies Financial Group also issued estimates for Genuine Parts’ Q4 2019 earnings at $1.33 EPS and Q4 2020 earnings at $1.48 EPS.
GPC has been the subject of a number of other research reports. Royal Bank of Canada set a $99.00 price objective on shares of Genuine Parts and gave the stock a “hold” rating in a research note on Friday, October 18th. Zacks Investment Research raised shares of Genuine Parts from a “sell” rating to a “hold” rating and set a $103.00 price objective for the company in a research note on Wednesday, July 24th. Raymond James started coverage on shares of Genuine Parts in a research note on Monday, October 7th. They issued a “market perform” rating for the company. Goldman Sachs Group started coverage on shares of Genuine Parts in a research note on Thursday, July 11th. They issued a “neutral” rating and a $107.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Genuine Parts from $114.00 to $104.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Genuine Parts presently has a consensus rating of “Hold” and an average target price of $105.50.
Shares of NYSE GPC opened at $103.31 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.68 and a current ratio of 1.26. The firm has a market capitalization of $14.81 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 3.37 and a beta of 0.95. The stock has a 50 day moving average price of $96.91 and a 200 day moving average price of $99.28. Genuine Parts has a 52-week low of $87.26 and a 52-week high of $115.20.
Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Thursday, October 17th. The specialty retailer reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.03 billion. Genuine Parts had a return on equity of 23.20% and a net margin of 4.14%. Genuine Parts’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were paid a $0.7625 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Thursday, September 5th. Genuine Parts’s dividend payout ratio (DPR) is 53.70%.
Large investors have recently modified their holdings of the stock. NEXT Financial Group Inc acquired a new position in shares of Genuine Parts during the second quarter worth $26,000. Strategic Blueprint LLC acquired a new position in shares of Genuine Parts during the third quarter worth $30,000. Marshall Wace North America L.P. acquired a new position in shares of Genuine Parts during the first quarter worth $44,000. CSat Investment Advisory L.P. increased its position in shares of Genuine Parts by 173.9% during the second quarter. CSat Investment Advisory L.P. now owns 482 shares of the specialty retailer’s stock worth $50,000 after purchasing an additional 306 shares in the last quarter. Finally, Pflug Koory LLC acquired a new position in shares of Genuine Parts during the second quarter worth $52,000. 77.03% of the stock is owned by institutional investors.
About Genuine Parts
Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.
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