Sabal Trust CO trimmed its position in shares of Genuine Parts (NYSE:GPC) by 99.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,771 shares of the specialty retailer’s stock after selling 281,184 shares during the period. Sabal Trust CO’s holdings in Genuine Parts were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Private Capital Group LLC boosted its position in Genuine Parts by 38.3% during the fourth quarter. Private Capital Group LLC now owns 469 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 130 shares during the period. Ipswich Investment Management Co. Inc. bought a new position in Genuine Parts in the 4th quarter worth approximately $48,000. Ffcm LLC boosted its holdings in shares of Genuine Parts by 43.4% in the third quarter. Ffcm LLC now owns 14,322 shares of the specialty retailer’s stock worth $108,000 after acquiring an additional 4,332 shares during the period. Quantamental Technologies LLC bought a new position in shares of Genuine Parts in the fourth quarter worth $125,000. Finally, Resources Management Corp CT ADV bought a new position in shares of Genuine Parts in the third quarter worth $159,000. 81.35% of the stock is owned by institutional investors and hedge funds.
Shares of GPC traded up $0.24 during trading hours on Monday, reaching $103.08. 81,994 shares of the company’s stock traded hands, compared to its average volume of 970,046. Genuine Parts has a 12 month low of $85.80 and a 12 month high of $105.89. The company has a market cap of $15.09 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 3.43 and a beta of 1.03. The company has a current ratio of 1.33, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67.
A number of research firms have recently commented on GPC. Wedbush reaffirmed a “neutral” rating on shares of Genuine Parts in a report on Tuesday, January 15th. ValuEngine upgraded Genuine Parts from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Zacks Investment Research upgraded Genuine Parts from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Friday, January 4th. Finally, Bank of America lowered shares of Genuine Parts from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Tuesday, October 30th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $103.00.
In related news, Director John R. Holder acquired 500 shares of the company’s stock in a transaction dated Monday, November 26th. The stock was bought at an average cost of $100.81 per share, with a total value of $50,405.00. Following the acquisition, the director now owns 7,058 shares of the company’s stock, valued at approximately $711,516.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.
Genuine Parts Company Profile
Genuine Parts Company distributes automotive replacement and industrial parts, electrical and electronic materials, and business products in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Germany, and Poland. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.
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