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.
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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