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NYSE:GPC

Genuine Parts (GPC) Stock Price, News & Analysis

$133.67
-1.32 (-0.98%)
(As of 10/8/2024 ET)

About Genuine Parts Stock (NYSE:GPC)

Key Stats

Today's Range
$132.76
$134.30
50-Day Range
$134.39
$147.10
52-Week Range
$126.35
$164.45
Volume
716,854 shs
Average Volume
962,767 shs
Market Capitalization
$18.62 billion
P/E Ratio
14.90
Dividend Yield
2.99%
Price Target
$161.14
Consensus Rating
Hold

Company Overview

Genuine Parts Company is a leading distributor of office products, automotive and industrial replacement parts, and electrical/electronic materials. The company was founded in 1928 and is headquartered in Atlanta, Georgia, with operations in North America, Europe, Asia-Pacific, and Africa. GPC's mission is to provide quality products and services that exceed customer expectations and enhance shareholder value.

GPC operates through four business segments: Automotive Parts Group, Industrial Parts Group, Office Products Group, and Electrical/Electronic Materials Group. The Automotive Parts Group provides replacement parts, accessories, and supplies for automobiles, trucks, and other vehicles. The Industrial Parts Group includes replacement parts, equipment, and supplies for industrial applications such as mining, manufacturing, and construction. The Office Products Group provides businesses and consumers with office supplies, furniture, and technology products. The Electrical/Electronic Materials Group provides electrical and electronic components, wire and cable products, and data communication products to customers in various industries.

GPC's target market includes commercial and retail customers across various industries, including automotive repair shops, industrial facilities, government agencies, and schools. The company's key customers include NAPA Auto Parts, Motion Industries, S.P. Richards, and EIS Inc.

GPC has achieved several key milestones over the years, including its inclusion in the Fortune 500 list and recognition as one of the World's Most Ethical Companies by the Ethisphere Institute.

The GPC management team is led by Paul D. Donahue, who has been Chief Executive Officer since 2016. Donahue has been with GPC for over 40 years and has held various leadership positions. 

GPC reported that total revenues and net income had increased over the past few years. GPC has a high debt level but also enough assets to cover the debt. GPC's current price-to-earnings ratio is slightly below the industry average, and the price-to-sales ratio is below the industry average. GPC's dividend yield is above the industry average.

GPC's stock has performed well over the past few years. The stock experienced a COVID-19 pandemic drop in Q1 of 2020, dropping the price to about $50. The stock has since rebounded to over $150 per share. 

The automotive and industrial parts distribution industry is highly competitive, with several prominent players competing for market share. GPC's main competitors include O'Reilly Automotive, Inc., Advance Auto Parts, Inc., and W.W. Grainger, Inc. The industry is subject to regulatory and political risks, such as changes in environmental regulations or trade policies. GPC is competitive in the industry due to its scale, product range, and distribution capabilities. The company has also invested heavily in technology and digital capabilities to enhance customer service and supply chain efficiency.

Genuine Parts Company has several growth opportunities that could help it expand its business and increase revenue. One of the key areas of focus for the company is its e-commerce platform, which has become increasingly important in recent years. The company has invested heavily in its online capabilities, including launching new websites and improving its mobile app. In 2021, the company launched a new e-commerce platform called PartsTech, which allows customers to search for and order parts from various suppliers quickly.

The company also expands its footprint in the automotive aftermarket industry through acquisitions. In 2020, the company acquired Todd Group, a leading automotive aftermarket parts and supplies distributor in the Pacific Northwest. This acquisition helped expand the company's regional presence and provided access to new customers and markets.

Another growth opportunity for Genuine Parts Company is international expansion. The company operates in over 30 countries, focusing on Europe and Australasia. In 2021, the company announced plans to expand its footprint in Australia by acquiring Inenco Group, a leading distributor of industrial parts and supplies in the region. This acquisition will help the company establish a more substantial presence in the Australian market and provide access to new customers and markets.

Genuine Parts Company has several competitive advantages that give it an edge. One of the company's key strengths is its extensive distribution network, which includes over 3,100 locations worldwide. This network allows the company to reach various customers, from independent repair shops to large national chains.

While Genuine Parts Company has several strengths, some risks and challenges could impact the company's performance. One of the company's biggest challenges is the increasing competition in the automotive and industrial markets. The company competes with a range of other distributors, including national chains and online retailers, which could pressure pricing and margins.

Genuine Parts Company is exposed to regulatory and political risks, particularly in international markets. Regulation changes or political instability could impact the company's ability to operate in specific regions or increase costs.

Genuine Parts Company has implemented several risk management strategies to mitigate these risks, including diversifying its product offerings and supplier base, investing in its supply chain capabilities, and maintaining a solid balance sheet.

Genuine Parts Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
93rd Percentile Overall Score

GPC MarketRank™: 

Genuine Parts scored higher than 93% of companies evaluated by MarketBeat, and ranked 24th out of 217 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Genuine Parts has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Genuine Parts has only been the subject of 4 research reports in the past 90 days.

  • Read more about Genuine Parts' stock forecast and price target.
  • Earnings Growth

    Earnings for Genuine Parts are expected to grow by 8.43% in the coming year, from $9.37 to $10.16 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Genuine Parts is 14.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.46.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Genuine Parts is 14.90, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 22.78.

  • Price to Book Value per Share Ratio

    Genuine Parts has a P/B Ratio of 4.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Genuine Parts' valuation and earnings.
  • Percentage of Shares Shorted

    1.56% of the float of Genuine Parts has been sold short.
  • Short Interest Ratio / Days to Cover

    Genuine Parts has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Genuine Parts has recently decreased by 17.80%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Genuine Parts pays a meaningful dividend of 2.93%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Genuine Parts has been increasing its dividend for 69 years.

  • Dividend Coverage

    The dividend payout ratio of Genuine Parts is 44.59%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Genuine Parts will have a dividend payout ratio of 39.37% next year. This indicates that Genuine Parts will be able to sustain or increase its dividend.

  • Read more about Genuine Parts' dividend.
  • Percentage of Shares Shorted

    1.56% of the float of Genuine Parts has been sold short.
  • Short Interest Ratio / Days to Cover

    Genuine Parts has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Genuine Parts has recently decreased by 17.80%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Genuine Parts has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Retail/Wholesale companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Genuine Parts this week, compared to 7 articles on an average week.
  • Search Interest

    8 people have searched for GPC on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Genuine Parts to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Genuine Parts insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.37% of the stock of Genuine Parts is held by insiders.

  • Percentage Held by Institutions

    78.83% of the stock of Genuine Parts is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Genuine Parts' insider trading history.
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GPC Stock News Headlines

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Genuine Parts (NYSE:GPC) Lowered to "Hold" at StockNews.com
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GPC Stock Analysis - Frequently Asked Questions

Genuine Parts' stock was trading at $138.50 at the beginning of 2024. Since then, GPC stock has decreased by 3.5% and is now trading at $133.67.
View the best growth stocks for 2024 here
.

Genuine Parts (NYSE:GPC) announced its quarterly earnings results on Tuesday, July, 23rd. The specialty retailer reported $2.44 earnings per share for the quarter, missing analysts' consensus estimates of $2.59 by $0.15. Genuine Parts's revenue for the quarter was up .8% compared to the same quarter last year.
Read the conference call transcript
.

Genuine Parts subsidiaries include these companies: KDG, Sparesbox, Hastings Auto Parts, Hydraulic Supply Co., Alliance Automotive Group, Inenco Group, Merle's Automotive Supply, and more.

Top institutional shareholders of Genuine Parts include SG Americas Securities LLC (0.19%), Handelsbanken Fonder AB (0.06%), Massmutual Trust Co. FSB ADV (0.03%) and Czech National Bank (0.02%). Insiders that own company stock include Paul D Donahue, Randall P Breaux and Wendy B Needham.
View institutional ownership trends
.

Shares of GPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Genuine Parts investors own include AT&T (T), Johnson & Johnson (JNJ), Verizon Communications (VZ), Exxon Mobil (XOM), Coca-Cola (KO), AbbVie (ABBV) and Pfizer (PFE).

Company Calendar

Last Earnings
7/23/2024
Ex-Dividend for 10/1 Dividend
9/06/2024
Dividend Payable
10/01/2024
Today
10/08/2024
Next Earnings (Confirmed)
10/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicle supplies & new parts
Sub-Industry
Distributors
CUSIP
37246010
Employees
60,000
Year Founded
1928

Price Target and Rating

Average Stock Price Target
$161.14
High Stock Price Target
$189.00
Low Stock Price Target
$145.00
Potential Upside/Downside
+20.5%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$1.32 billion
Pretax Margin
6.89%

Debt

Sales & Book Value

Annual Sales
$23.16 billion
Cash Flow
$11.54 per share
Book Value
$31.51 per share

Miscellaneous

Free Float
138,784,000
Market Cap
$18.62 billion
Optionable
Optionable
Beta
0.90

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This page (NYSE:GPC) was last updated on 10/8/2024 by MarketBeat.com Staff
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