DA Davidson Reiterates Buy Rating on Genuine Parts Company
DA Davidson maintains a positive outlook on Genuine Parts Company with a $145 target price, a 37.95% upside from the current price.
Key Points
- On June 16, 2026, DA Davidson's Chris Dankert reiterated a buy rating on Genuine Parts Company, setting a price target of $145.
- DA Davidson's $145 price target implies 37.95% upside from Genuine Parts Company's ($GPC) current $105.11 share price.
- Genuine Parts Company, trading at $104.64, has a market cap of $14.9 billion and a forward P/E of 12.77.
- Major institutional holders like BlackRock and Vanguard adjusted their positions in Genuine Parts Company, reflecting ongoing interest.
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DA Davidson's analyst Chris Dankert reiterated a buy rating on Genuine Parts Company (NYSE:GPC) on June 16, 2026, maintaining a target price of $145. This suggests confidence in the company's future performance despite its current trading price of $104.64.
Other Institutional Activity in Genuine Parts Company
BlackRock, Inc. grew its holdings by 44,183 shares, ending with 13,248,061 shares valued at about $1.4 billion. Vanguard Capital Management LLC established a position with 8,991,692 shares worth approximately $950.9 million. Meanwhile, State Street Corp reduced its stake by 232,544 shares, holding 7,357,364 shares valued at $785.7 million. Harris Associates L.P. trimmed its position by 413,007 shares, now holding 3,933,996 shares worth $416.0 million.
Genuine Parts Company Stock Down 23.6%
Shares of NYSE:GPC traded near $104.64. Genuine Parts Company has a market cap of $14.9 billion, a P/E ratio of 243.80 and a forward P/E of 12.77. The stock has a 52-week low of $90.78 and a 52-week high of $151.57, with a 50-day moving average of $103.12 and a 200-day moving average of $121.79. The company's current ratio is 1.093, with a quick ratio of 0.39 and a debt-to-equity ratio of 149.45.
Recent Earnings
Genuine Parts Company reported revenue of $24.7 billion with a revenue growth rate of 6.8%. The company posted an EPS of $0.44, a net margin of 0.24%, and a return on equity of 1.34%. The next earnings announcement is scheduled for July 21, 2026.
Dividend
Genuine Parts Company offers an annual dividend rate of $4.25, yielding 3.96%. The dividend payout ratio stands at 9.44%.
Insider Buying and Selling at Genuine Parts Company
On May 1, 2026, Jennifer Hulett, EVP and Chief People Officer, sold 418 shares at $104.99 each. On the same day, she acquired 4,572 shares without a specified price. On May 3, 2026, Jean-Jacques Lafont bought 1,673 shares, while Donna Westbrook Hyland and Richard Cox Jr. each sold 1,673 shares.
Analysts Set New Price Targets
On June 16, 2026, DA Davidson reiterated its buy rating with a $145 target. UBS maintained a hold rating with a $125 target on April 22, 2026. Truist Securities also maintained a hold rating, setting a $124 target on the same date. The consensus recommendation is a buy, with an average target price of $132.43 from seven analysts.
About Genuine Parts Company
Genuine Parts Company distributes automotive and industrial replacement parts. It operates in three segments: North America Automotive Parts Group, International Automotive Parts Group, and Industrial Parts Group. The company is headquartered in Atlanta, Georgia, and is led by CEO William P. Stengel II. It employs about 65,000 people and was founded in 1928.
Bottom Line
DA Davidson's reiterated buy rating with a $145 target reflects continued confidence in Genuine Parts Company's potential. Despite its current stock price, the company's strong market presence and institutional interest suggest it remains a significant player in the auto parts industry. Investors should note that analyst ratings are based on past data and market conditions may change.
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