Let’s look at the key reasons that are pushing Genuine Parts Co. (GPC) to new highs

Genuine Parts Co. (NYSE: GPC) kicked off on Friday, up 1.35% from the previous trading day, before settling in for the closing price of $160.23. Over the past 52 weeks, GPC has traded in a range of $126.35-$174.91.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 4.72%. While this was happening, its average annual earnings per share was recorded 5.78%. With a float of $138.94 million, this company’s outstanding shares have now reached $139.57 million.

Let’s determine the extent of company efficiency that accounts for 60000 employees.

Genuine Parts Co. (GPC) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Specialty Retail Industry. The insider ownership of Genuine Parts Co. is 0.26%, while institutional ownership is 80.12%. The most recent insider transaction that took place on Mar 20 ’24, was worth 503,490. In this transaction Director of this company sold 3,250 shares at a rate of $154.92, taking the stock ownership to the 14,397 shares. Before that another transaction happened on Jun 02 ’23, when Company’s Director bought 2,000 for $151.75, making the entire transaction worth $303,500. This insider now owns 33,162 shares in total.

Genuine Parts Co. (GPC) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 196.38 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 5.78% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.10% during the next five years compared to 11.14% growth over the previous five years of trading.

Genuine Parts Co. (NYSE: GPC) Trading Performance Indicators

Take a look at Genuine Parts Co.’s (GPC) current performance indicators. Last quarter, stock had a quick ratio of 0.59. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.98. Likewise, its price to free cash flow for the trailing twelve months is 22.26.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.97, a number that is poised to hit 2.60 in the next quarter and is forecasted to reach 10.75 in one year’s time.

Technical Analysis of Genuine Parts Co. (GPC)

Looking closely at Genuine Parts Co. (NYSE: GPC), its last 5-days average volume was 2.27 million, which is a jump from its year-to-date volume of 1.06 million. As of the previous 9 days, the stock’s Stochastic %D was 58.13%. Additionally, its Average True Range was 3.56.

During the past 100 days, Genuine Parts Co.’s (GPC) raw stochastic average was set at 93.69%, which indicates a significant increase from 90.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.72% in the past 14 days, which was higher than the 23.63% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $150.05, while its 200-day Moving Average is $146.20. However, in the short run, Genuine Parts Co.’s stock first resistance to watch stands at $163.46. Second resistance stands at $164.53. The third major resistance level sits at $166.13. If the price goes on to break the first support level at $160.79, it is likely to go to the next support level at $159.19. Now, if the price goes above the second support level, the third support stands at $158.12.

Genuine Parts Co. (NYSE: GPC) Key Stats

The company with the Market Capitalisation of 22.62 billion has total of 139,423K Shares Outstanding. Its annual sales at the moment are 23,091 M in contrast with the sum of 1,317 M annual income. Company’s last quarter sales were recorded 5,586 M and last quarter income was 316,880 K.