AE Wealth Management LLC decreased its holdings in shares of Genuine Parts (NYSE:GPC) by 25.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,377 shares of the specialty retailer’s stock after selling 1,145 shares during the quarter. AE Wealth Management LLC’s holdings in Genuine Parts were worth $321,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont raised its stake in Genuine Parts by 11.5% during the third quarter. Trust Co. of Vermont now owns 6,490 shares of the specialty retailer’s stock valued at $620,000 after purchasing an additional 671 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Genuine Parts by 22.7% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 9,795 shares of the specialty retailer’s stock valued at $937,000 after purchasing an additional 1,810 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in Genuine Parts by 60.1% during the second quarter. Lord Abbett & CO. LLC now owns 113,800 shares of the specialty retailer’s stock valued at $10,556,000 after purchasing an additional 42,700 shares in the last quarter. Verity & Verity LLC raised its stake in shares of Genuine Parts by 3.0% in the third quarter. Verity & Verity LLC now owns 45,904 shares of the specialty retailer’s stock valued at $4,391,000 after acquiring an additional 1,352 shares during the period. Finally, First National Trust Co. raised its stake in shares of Genuine Parts by 6.1% in the third quarter. First National Trust Co. now owns 29,723 shares of the specialty retailer’s stock valued at $2,843,000 after acquiring an additional 1,699 shares during the period. 75.71% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on the stock. Moffett Nathanson assumed coverage on shares of Genuine Parts in a research note on Monday, December 4th. They issued a “sell” rating on the stock. Zacks Investment Research downgraded shares of Genuine Parts from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Gabelli reissued a “buy” rating on shares of Genuine Parts in a research note on Friday, October 20th. Finally, Royal Bank of Canada reduced their target price on shares of Genuine Parts from $98.00 to $95.00 and set a “sector perform” rating on the stock in a research note on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $98.40.

Shares of Genuine Parts (GPC) opened at $97.05 on Friday. Genuine Parts has a 12 month low of $79.86 and a 12 month high of $107.75. The firm has a market cap of $14,230.00, a price-to-earnings ratio of 21.76, a PEG ratio of 2.35 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.

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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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