Why Genuine Parts Company is a Must-Have in Your Portfolio
Genuine Parts Company (GPC) operates in two main segments: Automotive Parts Group and Industrial Parts Group. They distribute automotive replacement parts and industrial parts/materials across various sectors.
Financially, for Q2 2024, GPC reported revenues of $5.96 billion and a net income of $295.54 million. Their net profit margin was 4.96%.
Stock performance: As of early October 2024, GPC’s stock price is around $136.57, with a 52-week range of $126.35 to $164.45 (at the moment of writing).
Genuine Parts Company Investment Insight
We have noticed that the company’s stock is fairly well-valued in the market. The dividend yield at the time of writing is 2.93%, which is significantly higher than the S&P 500 company average. The Investment Scoreboard is high. This is a good company to hold in your portfolio. If you don’t have it yet, now is a good time to buy.
Price forecast
| MIN/MAX | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| MIN | 105.36 | 120.68 | 138.26 | 158.38 | 181.44 |
| MAX | 137.12 | 157.08 | 179.95 | 206.14 | 236.15 |
Conclusion
Genuine Parts Company demonstrates robust financial health and a strong market position. With a high dividend yield and favorable stock valuation, it presents a compelling investment opportunity. If you don’t already hold GPC in your portfolio, now might be an excellent time to consider adding it.