Currently, there are 139.57M common shares owned by the public and among those 138.80M shares have been available to trade.
The company’s stock has a 5-day price change of -19.44% and -16.67% over the past three months. GPC shares are trading -18.33% year to date (YTD), with the 12-month market performance down to -12.07% lower. It has a 12-month low price of $126.35 and touched a high of $164.45 over the same period. GPC has an average intraday trading volume of 840.39K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -17.79%, -18.34%, and -21.52% respectively.
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Institutional ownership of Genuine Parts Co. (NYSE: GPC) shares accounts for 81.82% of the company’s 139.57M shares outstanding.
It has a market capitalization of $15.76B and a beta (3y monthly) value of 0.91. The stock’s trailing 12-month PE ratio is 14.56, while the earnings-per-share (ttm) stands at $7.77. The company has a PEG of 2.05 and a Quick Ratio of 0.57 with the debt-to-equity ratio at 1.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.82% over the week and 1.97% over the month.
Earnings per share for the fiscal year are expected to decrease by -3.45%, and 7.01% over the next financial year. EPS should shrink at an annualized rate of 7.10% over the next five years, compared to 11.14% over the past 5-year period.
Looking at the support for the GPC, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on October 12, 2023, with the firm’s price target at $160. Northcoast coverage for the Genuine Parts Co. (GPC) stock in a research note released on June 28, 2023 offered a Buy rating with a price target of $195. BofA Securities was of a view on June 01, 2023 that the stock is Buy, while Goldman gave the stock Neutral rating on May 02, 2023, issuing a price target of $163- $164. Truist on their part issued Buy rating on March 24, 2023.
