Genuine Parts (NYSE:GPC) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC reduced its holdings in Genuine Parts (NYSE:GPC) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,468,200 shares of the specialty retailer’s stock after selling 29,200 shares during the quarter. Genuine Parts accounts for about 0.8% of Gabelli Funds LLC’s investment portfolio, making the stock its 5th largest position. Gabelli Funds LLC owned 1.00% of Genuine Parts worth $139,494,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Trust Co. of Vermont grew its position in Genuine Parts by 10.0% during the 4th quarter. Trust Co. of Vermont now owns 7,136 shares of the specialty retailer’s stock worth $678,000 after acquiring an additional 646 shares during the last quarter. Aperio Group LLC grew its position in Genuine Parts by 18.4% during the 4th quarter. Aperio Group LLC now owns 72,793 shares of the specialty retailer’s stock worth $6,916,000 after acquiring an additional 11,298 shares during the last quarter. Hutner Capital Management Inc. grew its position in Genuine Parts by 2.7% during the 4th quarter. Hutner Capital Management Inc. now owns 24,490 shares of the specialty retailer’s stock worth $2,327,000 after acquiring an additional 645 shares during the last quarter. Victory Capital Management Inc. grew its position in Genuine Parts by 10.6% during the 4th quarter. Victory Capital Management Inc. now owns 111,463 shares of the specialty retailer’s stock worth $10,590,000 after acquiring an additional 10,666 shares during the last quarter. Finally, CIBC World Markets Inc. bought a new position in Genuine Parts during the 4th quarter worth approximately $875,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Shares of Genuine Parts (NYSE GPC) traded up $0.74 on Friday, hitting $97.05. The company had a trading volume of 1,291,005 shares, compared to its average volume of 888,950. 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 one year low of $79.86 and a one year high of $107.75. The company has a market capitalization of $14,228.89, a price-to-earnings ratio of 21.33, a P/E/G ratio of 2.37 and a beta of 1.14.

Several equities research analysts have weighed in on GPC shares. Zacks Investment Research upgraded Genuine Parts from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a research note on Tuesday, February 6th. Gabelli reiterated a “buy” rating on shares of Genuine Parts in a research note on Friday, October 20th. Royal Bank of Canada lowered their price objective on Genuine Parts from $98.00 to $95.00 and set a “sector perform” rating for the company in a research note on Friday, October 20th. Finally, Moffett Nathanson initiated coverage on Genuine Parts in a research note on Monday, December 4th. They set a “sell” rating for the company. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $98.40.

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Genuine Parts Company 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.

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

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