State Treasurer State of Michigan lessened its stake in shares of Genuine Parts (NYSE:GPC) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 42,932 shares of the specialty retailer’s stock after selling 1,600 shares during the period. State Treasurer State of Michigan’s holdings in Genuine Parts were worth $4,079,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of Genuine Parts by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,180,911 shares of the specialty retailer’s stock worth $683,552,000 after purchasing an additional 30,007 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Genuine Parts by 44.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,758,715 shares of the specialty retailer’s stock worth $361,034,000 after purchasing an additional 1,160,200 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Genuine Parts by 43.7% during the 3rd quarter. Wells Fargo & Company MN now owns 3,027,033 shares of the specialty retailer’s stock worth $289,536,000 after purchasing an additional 921,258 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Genuine Parts by 2.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,846,311 shares of the specialty retailer’s stock worth $176,600,000 after purchasing an additional 43,503 shares during the last quarter. Finally, Schafer Cullen Capital Management Inc. raised its position in shares of Genuine Parts by 7.2% during the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 1,020,794 shares of the specialty retailer’s stock worth $94,689,000 after purchasing an additional 68,631 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Several research analysts recently weighed in on GPC shares. Gabelli restated a “buy” rating on shares of Genuine Parts in a research report on Friday, October 20th. Jefferies Group restated a “hold” rating and set a $95.00 price target on shares of Genuine Parts in a research report on Thursday, October 12th. Moffett Nathanson began coverage on shares of Genuine Parts in a research note on Monday, December 4th. They set a “sell” rating for the company. Zacks Investment Research cut shares of Genuine Parts from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Finally, Royal Bank of Canada dropped their price objective on shares of 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. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $98.40.

Shares of Genuine Parts (GPC) opened at $99.27 on Thursday. Genuine Parts has a one year low of $79.86 and a one year high of $107.75. The stock has a market cap of $14,670.15, a PE ratio of 21.99, a P/E/G ratio of 2.44 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.62 and a current ratio of 1.32.

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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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