Great West Life Assurance Co. Can lowered its stake in shares of Genuine Parts Company (NYSE:GPC) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 121,445 shares of the specialty retailer’s stock after selling 4,612 shares during the period. Great West Life Assurance Co. Can’s holdings in Genuine Parts were worth $11,252,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Genuine Parts by 4.7% in the first quarter. Vanguard Group Inc. now owns 15,429,332 shares of the specialty retailer’s stock valued at $1,425,824,000 after buying an additional 690,398 shares during the period. BlackRock Inc. increased its stake in Genuine Parts by 2,130.1% in the first quarter. BlackRock Inc. now owns 14,442,228 shares of the specialty retailer’s stock valued at $1,334,608,000 after buying an additional 13,794,624 shares during the period. State Street Corp increased its stake in Genuine Parts by 1.6% in the first quarter. State Street Corp now owns 8,672,362 shares of the specialty retailer’s stock valued at $801,408,000 after buying an additional 133,002 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in 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 valued at $196,253,000 after buying an additional 80,600 shares during the period. Finally, Thomaspartners Inc. increased its stake in Genuine Parts by 10.7% in the first quarter. Thomaspartners Inc. now owns 1,813,046 shares of the specialty retailer’s stock valued at $167,544,000 after buying an additional 174,623 shares during the period. 73.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of Genuine Parts Company (NYSE:GPC) opened at 83.48 on Thursday. The stock’s 50 day moving average price is $85.98 and its 200 day moving average price is $91.83. The company has a market capitalization of $12.26 billion, a PE ratio of 18.07 and a beta of 1.04. Genuine Parts Company has a 12 month low of $80.86 and a 12 month high of $105.18.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $1.29 earnings per share for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the firm earned $1.28 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts forecast that Genuine Parts Company will post $4.73 EPS for the current year.

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Several equities research analysts have commented on GPC shares. Gabelli raised shares of Genuine Parts from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a report on Friday, July 21st. BidaskClub downgraded shares of Genuine Parts from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Wedbush reaffirmed a “neutral” rating on shares of Genuine Parts in a report on Thursday, July 6th. Royal Bank Of Canada upped their price objective on shares of Genuine Parts from $94.00 to $96.00 and gave the company a “sector perform” rating in a report on Thursday, April 20th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $104.00 price objective (up from $98.00) on shares of Genuine Parts in a report on Saturday, April 22nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $96.86.

Genuine Parts Company Profile

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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