Anchor Capital Advisors LLC Decreases Holdings in Genuine Parts (GPC)

Anchor Capital Advisors LLC cut its stake in shares of Genuine Parts (NYSE:GPC) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 233,957 shares of the specialty retailer’s stock after selling 3,492 shares during the period. Anchor Capital Advisors LLC’s holdings in Genuine Parts were worth $22,228,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial For Lutherans increased its stake in shares of Genuine Parts by 8.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 6,474 shares of the specialty retailer’s stock worth $600,000 after purchasing an additional 514 shares in the last quarter. FMR LLC increased its stake in shares of Genuine Parts by 181.7% in the 2nd quarter. FMR LLC now owns 453,504 shares of the specialty retailer’s stock worth $42,067,000 after purchasing an additional 292,531 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Genuine Parts by 2,560.0% in the 2nd quarter. Janus Henderson Group PLC now owns 532,525 shares of the specialty retailer’s stock worth $49,397,000 after purchasing an additional 512,505 shares in the last quarter. Nomura Holdings Inc. increased its stake in shares of Genuine Parts by 10.9% in the 2nd quarter. Nomura Holdings Inc. now owns 33,929 shares of the specialty retailer’s stock worth $3,147,000 after purchasing an additional 3,322 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Genuine Parts by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,980 shares of the specialty retailer’s stock worth $925,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Several equities research analysts have recently commented on GPC shares. Zacks Investment Research upgraded Genuine Parts from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a research note on Tuesday. Gabelli reaffirmed a “buy” rating on shares of Genuine Parts in a report on Friday, October 20th. Royal Bank of Canada dropped their target price on shares of Genuine Parts from $98.00 to $95.00 and set a “sector perform” rating for the company in a report on Friday, October 20th. Finally, Moffett Nathanson started coverage on shares of Genuine Parts in a report on Monday, December 4th. They issued a “sell” rating for the company. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $98.40.

Genuine Parts (GPC) opened at $97.05 on Friday. The firm has a market cap of $14,230.00, a price-to-earnings ratio of 21.76, a P/E/G ratio of 2.43 and a beta of 1.14. The company has a quick ratio of 0.62, a current ratio of 1.32 and a debt-to-equity ratio of 0.16. Genuine Parts has a 1-year low of $79.86 and a 1-year high of $107.75.

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Genuine Parts Profile

Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.

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Institutional Ownership by Quarter for Genuine Parts (NYSE:GPC)

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