DA Davidson Reiterates Buy Rating on GPC, Sets $145 Target
DA Davidson continues to recommend GPC as a buy, targeting a price of $145, a 38.57% upside from the current price.
Key Points
- DA Davidson reiterated its buy rating on GPC, setting a price target of $145 on June 16, 2026.
- DA Davidson's $145 price target implies 38.57% upside from Genuine Parts Company's ($GPC) current $104.64 share price.
- GPC shares are currently trading at $104.64, reflecting mixed analyst sentiment with varied price targets.
- Institutional investors like BlackRock and Vanguard have adjusted their positions in GPC recently.
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On June 16, 2026, DA Davidson reiterated its buy rating on GPC, setting a price target of $145. Analyst Chris Dankert continues to see a positive outlook for the company, with the stock currently trading at $104.64.
Other Institutional Activity in GPC
Several major funds have adjusted their stakes in GPC recently. BlackRock, Inc. increased its holdings by 44,183 shares, bringing its total to over 13.2 million shares valued at approximately $1.4 billion. Meanwhile, Vanguard Capital Management LLC established a new position of nearly 9 million shares worth about $950.9 million. On the other hand, State Street Corp reduced its stake by 232,544 shares, ending with around 7.4 million shares valued at $785.7 million. Harris Associates L.P. also trimmed its position by 413,007 shares, leaving it with roughly 3.9 million shares worth $416 million.
Genuine Parts Company Stock Down 23.9%
GPC shares are currently priced at $104.64. The company has seen its stock fluctuate within a 52-week range but remains a focus for institutional investors. With a steady stream of analyst evaluations, the company's future performance remains a subject of interest.
Insider Buying and Selling at Genuine Parts Company
Recent insider activity at GPC includes several transactions. On May 1, 2026, EVP and Chief People Officer Jennifer Hulett sold 418 shares at an average price of $104.99 and acquired 4,572 shares. President of Motion, James Howe, sold 415 shares at $104.33 on May 5, 2026, under a planned transaction. Other insiders like Jean-Jacques Lafont and Donna Westbrook Hyland also engaged in buying and selling activities around the same period.
Analysts Set New Price Targets
On June 16, 2026, DA Davidson initiated coverage on GPC with a buy rating and a $145 price target. UBS maintained its hold rating with a $125 target on April 22, 2026, while Truist Securities also maintained its hold rating with a $124 target on the same date. Evercore ISI Group has maintained a buy rating with a higher target of $160 as of February 20, 2026.
Bottom Line
GPC remains a company of interest for both institutional investors and analysts. DA Davidson's reiterated buy rating and the $145 target reflect confidence in GPC's potential. However, with varied price targets from other analysts, investors should consider these diverse perspectives. As always, it's important to remember that analyst ratings and institutional holdings are backward-looking and may not reflect current market conditions.
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