Illinois Municipal Retirement Fund Buys Shares of 5,482 Genuine Parts (NYSE:GPC)

Illinois Municipal Retirement Fund bought a new stake in Genuine Parts (NYSE:GPC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,482 shares of the specialty retailer’s stock, valued at approximately $582,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPC. Strategic Blueprint LLC purchased a new stake in shares of Genuine Parts during the 3rd quarter valued at approximately $30,000. Allworth Financial LP lifted its stake in shares of Genuine Parts by 61.5% during the 4th quarter. Allworth Financial LP now owns 323 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 123 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Genuine Parts during the 1st quarter valued at approximately $44,000. Carmichael Hill & Associates Inc. purchased a new stake in shares of Genuine Parts during the 4th quarter valued at approximately $53,000. Finally, CFM Wealth Partners LLC purchased a new stake in shares of Genuine Parts during the 4th quarter valued at approximately $53,000. Hedge funds and other institutional investors own 77.29% of the company’s stock.

Shares of GPC stock opened at $96.47 on Friday. The stock has a market capitalization of $14.02 billion, a P/E ratio of 17.70, a PEG ratio of 3.52 and a beta of 0.89. The company has a current ratio of 1.26, a quick ratio of 0.68 and a debt-to-equity ratio of 0.98. The firm’s 50 day moving average is $99.70 and its 200 day moving average is $99.03. Genuine Parts has a 12 month low of $87.26 and a 12 month high of $115.20.

A number of analysts recently commented on the stock. Goldman Sachs Group cut shares of Genuine Parts from a “neutral” rating to a “sell” rating and dropped their price target for the company from $101.00 to $93.00 in a research note on Friday, October 25th. Royal Bank of Canada set a $99.00 price target on shares of Genuine Parts and gave the company a “hold” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Genuine Parts has an average rating of “Hold” and an average price target of $103.75.

Genuine Parts Profile

Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.

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

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