Genuine Parts Co. (NYSE: GPC) is 3.70% higher on its value in year-to-date trading and has touched a low of $126.35 and a high of $164.45 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GPC stock was last observed hovering at around $143.16 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $143.63, the stock is 3.82% and 3.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing 0.33% at the moment leaves the stock -0.37% off its SMA200. GPC registered -4.38% loss for a year compared to 6-month loss of -10.36%. The firm has a 50-day simple moving average (SMA 50) of $138.7534 and a 200-day simple moving average (SMA200) of $144.1688.
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The stock witnessed a 4.01% gain in the last 1 month and extending the period to 3 months gives it a 3.88%, and is 7.64% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.01% over the week and 1.66% over the month.
Genuine Parts Co. (GPC) has around 60000 employees, a market worth around $20.01B and $23.16B in sales. Current P/E ratio is 16.62 and Fwd P/E is 14.13. Profit margin for the company is 5.24%. Distance from 52-week low is 13.68% and -12.66% from its 52-week high. The company has generated returns on investments over the last 12 months (13.64%).
The EPS is expected to grow by 0.28% this year
1478.0 institutions hold shares in Genuine Parts Co. (GPC), with institutional investors hold 82.51% of the company’s shares. The shares outstanding are 139.57M, and float is at 138.80M with Short Float at 1.97%. Institutions hold 82.23% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 17.15 million shares valued at $2.37 billion. The investor’s holdings represent 12.2629 of the GPC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.83 million shares valued at $1.5 billion to account for 7.7451 of the shares outstanding. The other top investors are STATE STREET CORP which holds 7.44 million shares representing 5.323 and valued at over $1.04 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.3344 of the shares totaling 3.26 million with a market value of $450.28 million.
Genuine Parts Co. (GPC) Insider Activity
The most recent transaction is an insider sale by NEEDHAM WENDY B, the company’s Director. SEC filings show that NEEDHAM WENDY B sold 3,000 shares of the company’s common stock on May 21 ’24 at a price of $151.29 per share for a total of $0.45 million. Following the sale, the insider now owns 13006.0 shares.
Genuine Parts Co. disclosed in a document filed with the SEC on Mar 20 ’24 that NEEDHAM WENDY B (Director) sold a total of 3,250 shares of the company’s common stock. The trade occurred on Mar 20 ’24 and was made at $154.92 per share for $0.5 million. Following the transaction, the insider now directly holds 14397.0 shares of the GPC stock.
