Chicago Partners Investment Group LLC boosted its position in shares of Genuine Parts Company (NYSE:GPC) by 54.9% during the second quarter, Holdings Channel reports. The institutional investor owned 3,098 shares of the specialty retailer’s stock after buying an additional 1,098 shares during the period. Chicago Partners Investment Group LLC’s holdings in Genuine Parts were worth $292,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Genuine Parts by 4.7% in the first quarter. Vanguard Group Inc. now owns 15,429,332 shares of the specialty retailer’s stock worth $1,425,824,000 after buying an additional 690,398 shares during the last quarter. BlackRock Inc. increased its position in shares of Genuine Parts by 2,130.1% in the first quarter. BlackRock Inc. now owns 14,442,228 shares of the specialty retailer’s stock worth $1,334,608,000 after buying an additional 13,794,624 shares during the last quarter. State Street Corp increased its position in shares of Genuine Parts by 1.6% in the first quarter. State Street Corp now owns 8,672,362 shares of the specialty retailer’s stock worth $801,408,000 after buying an additional 133,002 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Genuine Parts by 3.9% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,121,415 shares of the specialty retailer’s stock worth $196,253,000 after buying an additional 80,600 shares during the last quarter. Finally, Thomaspartners Inc. increased its position in shares of Genuine Parts by 10.7% in the first quarter. Thomaspartners Inc. now owns 1,813,046 shares of the specialty retailer’s stock worth $167,544,000 after buying an additional 174,623 shares during the last quarter. Institutional investors own 73.28% of the company’s stock.

Genuine Parts Company (NYSE:GPC) opened at 83.88 on Monday. Genuine Parts Company has a 1-year low of $80.86 and a 1-year high of $105.18. The firm’s 50-day moving average is $87.69 and its 200 day moving average is $92.39. The company has a market cap of $12.32 billion, a PE ratio of 18.16 and a beta of 1.04.

Genuine Parts (NYSE:GPC) last posted its earnings results on Thursday, July 20th. The specialty retailer reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by $0.02. Genuine Parts had a net margin of 4.37% and a return on equity of 21.05%. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the firm earned $1.28 EPS. Genuine Parts’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts predict that Genuine Parts Company will post $4.73 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/08/07/genuine-parts-company-nysegpc-position-boosted-by-chicago-partners-investment-group-llc.html.

GPC has been the topic of a number of research analyst reports. Goldman Sachs Group, Inc. (The) downgraded shares of Genuine Parts from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $104.00 to $89.00 in a research report on Thursday, July 6th. BidaskClub downgraded shares of Genuine Parts from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Zacks Investment Research raised shares of Genuine Parts from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Wedbush reissued a “neutral” rating on shares of Genuine Parts in a research report on Thursday, July 6th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $96.00 price objective on shares of Genuine Parts in a research report on Thursday, May 25th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $96.86.

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.

Want to see what other hedge funds are holding GPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genuine Parts Company (NYSE:GPC).

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

Receive News & Ratings for Genuine Parts Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genuine Parts Company and related companies with MarketBeat.com's FREE daily email newsletter.