State Street Corp Has $815,858,000 Stake in Genuine Parts Company (GPC)

State Street Corp boosted its stake in Genuine Parts Company (NYSE:GPC) by 5.0% during the fourth quarter, Holdings Channel reports. The firm owned 8,539,360 shares of the company’s stock after buying an additional 410,162 shares during the period. State Street Corp owned 5.74% of Genuine Parts Company worth $815,858,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GPC. BlackRock Fund Advisors boosted its position in Genuine Parts Company by 3.4% in the third quarter. BlackRock Fund Advisors now owns 5,074,055 shares of the company’s stock valued at $509,689,000 after buying an additional 166,523 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Genuine Parts Company by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,964,020 shares of the company’s stock valued at $398,186,000 after buying an additional 45,346 shares during the period. BlackRock Group LTD boosted its position in Genuine Parts Company by 2.1% in the third quarter. BlackRock Group LTD now owns 2,157,175 shares of the company’s stock valued at $216,688,000 after buying an additional 44,094 shares during the period. Wells Fargo & Company MN boosted its position in Genuine Parts Company by 5.4% in the third quarter. Wells Fargo & Company MN now owns 1,770,615 shares of the company’s stock valued at $177,858,000 after buying an additional 90,860 shares during the period. Finally, Ameriprise Financial Inc. boosted its position 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 period. Institutional investors own 71.67% of the company’s stock.

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

Shares of Genuine Parts Company (NYSE:GPC) traded up 0.11% on Friday, hitting $99.78. 483,387 shares of the stock traded hands. The firm has a market cap of $14.84 billion, a P/E ratio of 21.56 and a beta of 0.93. Genuine Parts Company has a 12-month low of $85.26 and a 12-month high of $105.97. The firm’s 50-day moving average is $97.36 and its 200 day moving average is $97.78.

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Several research analysts have commented on GPC shares. Wedbush lowered 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 report on Wednesday, October 19th. Jefferies Group LLC lowered their price target on shares of Genuine Parts Company to $95.00 in a report on Thursday, October 20th. Zacks Investment Research upgraded shares of Genuine Parts Company from a “sell” rating to a “hold” rating in a report on Tuesday, December 20th. Atlantic Securities started coverage on shares of Genuine Parts Company in a 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 boosted their price target for the stock from $95.00 to $105.00 in a report on Thursday, January 19th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Genuine Parts Company presently has an average 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

Want to see what other hedge funds are holding GPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genuine Parts Company (NYSE:GPC).

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