Genuine Parts Company appoints new director, announces dividend

ATLANTA - Genuine Parts Company (NYSE: GPC), a prominent global distributor of automotive and industrial replacement parts with a market capitalization of $16.3 billion, has announced changes to its Board of Directors. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value assessment. The company confirmed the election of Ms. Laurie Schupmann as a new director following the retirement of several board members.

Ms. Schupmann, who retired from PwC in 2023 after a tenure of nearly 40 years, held various leadership roles including that of a Global Client Partner until June 2023. Her experience in finance and accounting is expected to bring valuable insights to the board of GPC.

The board changes come as Messrs. Gary Fayard, Johnny Johns and Mses. Betsy Camp and Wendy Needham reached the mandatory retirement age and subsequently stepped down. Paul Donahue, Non-Executive Chairman of GPC, expressed gratitude for their contributions and welcomed Ms. Schupmann, highlighting her leadership expertise as an asset to the company.

In addition to the board reconfiguration, GPC’s Board of Directors declared a regular quarterly cash dividend of $1.03 per share on the company’s common stock, representing a 3.51% yield. This dividend is slated for payment on July 2, 2025, to shareholders of record as of June 6, 2025. InvestingPro data reveals that GPC has maintained dividend payments for 55 consecutive years and has raised its dividend for 37 straight years.

Genuine Parts Company, founded in 1928, maintains a vast network of over 10,700 locations in 17 countries and employs more than 63,000 individuals. With annual revenues of $23.6 billion and a FAIR overall financial health score from InvestingPro, the company operates its Automotive Parts Group in regions including the U.S., Canada, Mexico, and various European countries, while its Industrial Parts Group serves customers in North America and Australasia. InvestingPro subscribers can access additional insights through the comprehensive Pro Research Report, available for GPC and 1,400+ other top US stocks.

The information provided is based on a press release statement from Genuine Parts Company.

In other recent news, Genuine Parts Company reported its first-quarter earnings for 2025, surpassing analyst expectations with an earnings per share (EPS) of $1.75 against the forecasted $1.68. The company also exceeded revenue forecasts, reporting $5.87 billion compared to the expected $5.83 billion, marking a 1.4% year-over-year increase in sales. Truist Securities raised the price target for Genuine Parts from $133.00 to $137.00, maintaining a Buy rating, following the company’s performance that slightly exceeded their estimates. Similarly, Loop Capital upheld a Buy rating with a $155.00 price target, noting the company’s strong gross margin execution and reduced interest expenses.

However, Evercore ISI adjusted its price target for Genuine Parts to $130.00 from $135.00, maintaining an Outperform rating despite the company’s earnings beating expectations. CFRA upgraded the stock rating from Hold to Buy, setting a price target at $130.00, based on a projected 2026 price-to-earnings ratio that is a discount compared to the company’s historical average. Genuine Parts has reaffirmed its full-year adjusted EPS guidance range of $7.75 to $8.25, which does not account for the potential impact of new U.S. tariffs. Analysts from various firms have noted that while the automotive segment may benefit from tariff-related pricing adjustments, the industrial sector faces a more uncertain outlook due to macroeconomic conditions.

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