Comerica Bank Sells 645 Shares of Genuine Parts (GPC)

Comerica Bank decreased its holdings in shares of Genuine Parts (NYSE:GPC) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,751 shares of the specialty retailer’s stock after selling 645 shares during the quarter. Comerica Bank’s holdings in Genuine Parts were worth $5,411,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in Genuine Parts by 0.4% during the third 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 boosted its holdings in Genuine Parts by 44.6% during the third 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 boosted its holdings in Genuine Parts by 43.7% during the third 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 boosted its holdings in Genuine Parts by 2.4% during the third 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, Legal & General Group Plc boosted its holdings in Genuine Parts by 7.2% during the third quarter. Legal & General Group Plc now owns 892,300 shares of the specialty retailer’s stock worth $85,349,000 after purchasing an additional 59,895 shares during the last quarter. Institutional investors and hedge funds own 75.62% of the company’s stock.

Several research analysts recently 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 target price for the company in a report on Tuesday, February 6th. 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 for the company in a report on Friday, October 20th. Moffett Nathanson began coverage on shares of Genuine Parts in a research note on Monday, December 4th. They issued a “sell” rating for the company. Finally, Gabelli reiterated a “buy” rating on shares of Genuine Parts in a research note on Friday, October 20th. Three investment 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’s stock. Genuine Parts presently has a consensus rating of “Hold” and a consensus price target of $98.40.

Genuine Parts (NYSE:GPC) opened at $97.72 on Tuesday. The firm has a market cap of $14,228.84, a PE ratio of 21.33, a PEG ratio of 2.37 and a beta of 1.14. 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.

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

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