Market Update: Genuine Parts Co. (GPC) Sees Negative Movement, Closing at 133.67

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In the latest session, Genuine Parts Co. (NYSE: GPC) closed at $133.67 down -0.98% from its previous closing price of $134.99. In other words, the price has decreased by -$0.98 from its previous closing price. On the day, 0.72 million shares were traded. GPC stock price reached its highest trading level at $134.065 during the session, while it also had its lowest trading level at $132.79.

Ratios:

For a deeper understanding of Genuine Parts Co.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.19. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 1.12. In the meantime, Its Debt-to-Equity ratio is 1.14 whereas as Long-Term Debt/Eq ratio is at 0.96.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on October 12, 2023, initiated with a Neutral rating and assigned the stock a target price of $160.

On June 28, 2023, Northcoast started tracking the stock assigning a Buy rating and target price of $195.

BofA Securities Upgraded its Neutral to Buy on June 01, 2023, whereas the target price for the stock was revised from $185 to $189.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 21 ’24 when NEEDHAM WENDY B sold 3,000 shares for $151.29 per share. The transaction valued at 453,870 led to the insider holds 13,006 shares of the business.

NEEDHAM WENDY B sold 3,250 shares of GPC for $503,490 on Mar 20 ’24. The Director now owns 14,397 shares after completing the transaction at $154.92 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GPC now has a Market Capitalization of 18622636032 and an Enterprise Value of 23281833984. As of this moment, Genuine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.47, and their Forward P/E ratio for the next fiscal year is 13.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.80 while its Price-to-Book (P/B) ratio in mrq is 4.10. Its current Enterprise Value per Revenue stands at 1.005 whereas that against EBITDA is 10.917.

Stock Price History:

Over the past 52 weeks, GPC has reached a high of $164.45, while it has fallen to a 52-week low of $126.35. The 50-Day Moving Average of the stock is -4.01%, while the 200-Day Moving Average is calculated to be -7.28%.

Shares Statistics:

For the past three months, GPC has traded an average of 901.98K shares per day and 684450 over the past ten days. A total of 139.57M shares are outstanding, with a floating share count of 138.80M. Insiders hold about 0.37% of the company’s shares, while institutions hold 81.78% stake in the company. Shares short for GPC as of 1726185600 were 2166785 with a Short Ratio of 2.40, compared to 1723680000 on 2176096. Therefore, it implies a Short% of Shares Outstanding of 2166785 and a Short% of Float of 1.79.

Dividends & Splits

According to the company, the forward annual dividend rate for GPC is 3.95, from 3.9 in the trailing year. Against a Trailing Annual Dividend Yield of 0.028891029The stock’s 5-year Average Dividend Yield is 2.73.

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