New York State Common Retirement Fund Has $35.31 Million Holdings in Genuine Parts (NYSE:GPC)

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New York State Common Retirement Fund lessened its stake in Genuine Parts (NYSE:GPC) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 332,400 shares of the specialty retailer’s stock after selling 8,500 shares during the quarter. New York State Common Retirement Fund’s holdings in Genuine Parts were worth $35,311,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Genuine Parts by 4.1% during the second quarter. BlackRock Inc. now owns 14,307,254 shares of the specialty retailer’s stock worth $1,481,945,000 after purchasing an additional 558,734 shares during the last quarter. State Street Corp boosted its holdings in Genuine Parts by 4.0% during the third quarter. State Street Corp now owns 9,111,435 shares of the specialty retailer’s stock worth $914,276,000 after purchasing an additional 354,014 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Genuine Parts by 8.2% during the third quarter. California Public Employees Retirement System now owns 1,085,033 shares of the specialty retailer’s stock worth $108,058,000 after purchasing an additional 82,309 shares during the last quarter. Sanders Capital LLC boosted its holdings in Genuine Parts by 17.8% during the fourth quarter. Sanders Capital LLC now owns 740,438 shares of the specialty retailer’s stock worth $78,657,000 after purchasing an additional 111,861 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Genuine Parts by 0.8% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 594,543 shares of the specialty retailer’s stock worth $63,158,000 after purchasing an additional 4,922 shares during the last quarter. Institutional investors own 77.29% of the company’s stock.

GPC has been the subject of several recent research reports. Royal Bank of Canada set a $99.00 target price on shares of Genuine Parts and gave the stock a “hold” rating in a report on Friday, October 18th. Goldman Sachs Group cut shares of Genuine Parts from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $101.00 to $93.00 in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Genuine Parts has an average rating of “Hold” and an average target price of $103.75.

Shares of GPC opened at $96.47 on Friday. Genuine Parts has a 12 month low of $87.26 and a 12 month high of $115.20. The firm has a fifty day simple moving average of $99.70 and a 200 day simple moving average of $99.03. The stock has a market capitalization of $14.02 billion, a price-to-earnings 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.

Genuine Parts Company 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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