Clifford Swan Investment Counsel LLC purchased a new position in shares of Genuine Parts (NYSE:GPC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,000 shares of the specialty retailer’s stock, valued at approximately $380,000.
A number of other institutional investors have also made changes to their positions in GPC. Horan Capital Advisors LLC. purchased a new stake in Genuine Parts during the 3rd quarter worth $134,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in Genuine Parts in the 4th quarter worth $192,000. IBM Retirement Fund acquired a new position in Genuine Parts in the 3rd quarter worth $200,000. Savant Capital LLC acquired a new position in Genuine Parts in the 3rd quarter worth $208,000. Finally, Moors & Cabot Inc. acquired a new position in Genuine Parts in the 3rd quarter worth $217,000. 74.65% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Genuine Parts from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a report on Tuesday, February 6th. Moffett Nathanson assumed coverage on shares of Genuine Parts in a report on Monday, December 4th. They issued a “sell” rating on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Genuine Parts presently has a consensus rating of “Hold” and a consensus price target of $98.40.
Genuine Parts (NYSE:GPC) opened at $99.83 on Monday. Genuine Parts has a 1-year low of $79.86 and a 1-year high of $107.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.32 and a quick ratio of 0.62. The company has a market cap of $14,636.43, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.34 and a beta of 1.14.
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About Genuine Parts
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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