Genuine Parts (GPC) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of Genuine Parts (NYSE:GPC) by 25.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,695 shares of the specialty retailer’s stock after selling 10,388 shares during the period. SG Americas Securities LLC’s holdings in Genuine Parts were worth $2,947,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GPC. Private Capital Group LLC increased its stake in Genuine Parts by 38.3% in the fourth quarter. Private Capital Group LLC now owns 469 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 130 shares during the last quarter. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Genuine Parts during the fourth quarter worth $48,000. Ffcm LLC lifted its holdings in shares of Genuine Parts by 43.4% during the third quarter. Ffcm LLC now owns 14,322 shares of the specialty retailer’s stock worth $108,000 after purchasing an additional 4,332 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Genuine Parts during the fourth quarter worth $125,000. Finally, Resources Management Corp CT ADV purchased a new position in Genuine Parts in the third quarter worth $159,000. Institutional investors own 80.54% of the company’s stock.

In other news, Director John R. Holder purchased 500 shares of the stock in a transaction dated Monday, November 26th. The stock was acquired at an average cost of $100.81 per share, for a total transaction of $50,405.00. Following the acquisition, the director now owns 7,058 shares of the company’s stock, valued at $711,516.98. The acquisition was disclosed in a filing with the SEC, which is available at this link. 3.10% of the stock is currently owned by insiders.

Shares of NYSE GPC opened at $102.84 on Friday. Genuine Parts has a twelve month low of $85.80 and a twelve month high of $105.89. The company has a quick ratio of 0.71, a current ratio of 1.33 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $15.10 billion, a PE ratio of 22.16, a PEG ratio of 3.43 and a beta of 1.03.

A number of brokerages have recently weighed in on GPC. ValuEngine cut Genuine Parts from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Bank of America cut 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. Zacks Investment Research raised Genuine Parts from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research note on Friday, January 4th. Finally, Wedbush reissued a “neutral” rating on shares of Genuine Parts in a research note on Tuesday, January 15th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $103.00.

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About Genuine Parts

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

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