Genuine Parts Company (GPC) Stake Increased by Harfst & Associates Inc.

Harfst & Associates Inc. boosted its stake in Genuine Parts Company (NYSE:GPC) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,403 shares of the company’s stock after buying an additional 67 shares during the period. Harfst & Associates Inc.’s holdings in Genuine Parts Company were worth $420,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in Genuine Parts Company by 63.1% in the third quarter. Ameriprise Financial Inc. now owns 1,531,017 shares of the company’s stock valued at $153,801,000 after buying an additional 592,389 shares during the last quarter. BlackRock Fund Advisors raised its stake in Genuine Parts Company by 6.5% in the second quarter. BlackRock Fund Advisors now owns 4,907,532 shares of the company’s stock valued at $496,888,000 after buying an additional 298,256 shares during the last quarter. Panagora Asset Management Inc. raised its stake in Genuine Parts Company by 168.4% in the second quarter. Panagora Asset Management Inc. now owns 474,872 shares of the company’s stock valued at $48,081,000 after buying an additional 297,915 shares during the last quarter. BB&T Corp raised its stake in Genuine Parts Company by 2,198.9% in the second quarter. BB&T Corp now owns 203,477 shares of the company’s stock valued at $20,602,000 after buying an additional 194,626 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Genuine Parts Company by 38.7% in the third quarter. TIAA CREF Investment Management LLC now owns 601,722 shares of the company’s stock valued at $60,443,000 after buying an additional 167,958 shares during the last quarter. Hedge funds and other institutional investors own 71.75% of the company’s stock.

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

Shares of Genuine Parts Company (NYSE:GPC) opened at 99.19 on Tuesday. Genuine Parts Company has a one year low of $85.26 and a one year high of $105.97. The stock has a 50 day moving average of $97.46 and a 200-day moving average of $97.70. The stock has a market capitalization of $14.75 billion, a P/E ratio of 21.43 and a beta of 0.93.

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Several equities analysts recently weighed in on the stock. Wedbush reduced their price target on shares of Genuine Parts Company from $98.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, October 19th. Jefferies Group LLC restated a “hold” rating and set a $95.00 price target (down previously from $105.00) on shares of Genuine Parts Company in a research report on Wednesday, October 19th. Zacks Investment Research upgraded shares of Genuine Parts Company from a “sell” rating to a “hold” rating in a research report on Tuesday, December 20th. Atlantic Securities assumed coverage on shares of Genuine Parts Company in a research report on Wednesday, December 14th. They set a “neutral” rating and a $100.00 price target for the company. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Genuine Parts Company from a “sell” rating to a “neutral” rating and increased their price target for the company from $95.00 to $105.00 in a research report on Thursday, January 19th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $101.90.

About Genuine Parts Company

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.

5 Day Chart for NYSE:GPC

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