Candriam Luxembourg S.C.A. increased its stake in Genuine Parts Company (NYSE:GPC) by 16.0% during the second quarter, Holdings Channel reports. The institutional investor owned 21,879 shares of the specialty retailer’s stock after buying an additional 3,015 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Genuine Parts were worth $2,030,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GPC. Haverford Financial Services Inc. raised its position in shares of Genuine Parts by 0.6% in the first quarter. Haverford Financial Services Inc. now owns 3,281 shares of the specialty retailer’s stock valued at $303,000 after buying an additional 20 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Genuine Parts by 0.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,359 shares of the specialty retailer’s stock valued at $680,000 after buying an additional 23 shares in the last quarter. Pennsylvania Trust Co raised its position in shares of Genuine Parts by 0.7% in the second quarter. Pennsylvania Trust Co now owns 3,183 shares of the specialty retailer’s stock valued at $295,000 after buying an additional 23 shares in the last quarter. RNC Capital Management LLC raised its position in shares of Genuine Parts by 0.5% in the first quarter. RNC Capital Management LLC now owns 7,437 shares of the specialty retailer’s stock valued at $687,000 after buying an additional 34 shares in the last quarter. Finally, CAPROCK Group Inc. raised its position in shares of Genuine Parts by 1.4% in the second quarter. CAPROCK Group Inc. now owns 2,618 shares of the specialty retailer’s stock valued at $245,000 after buying an additional 35 shares in the last quarter. 73.28% of the stock is owned by institutional investors.

Genuine Parts Company (NYSE GPC) opened at 82.29 on Friday. The company has a market capitalization of $12.08 billion, a P/E ratio of 17.82 and a beta of 1.04. The stock has a 50 day moving average of $85.77 and a 200-day moving average of $91.76. Genuine Parts Company has a 52-week low of $80.86 and a 52-week high of $105.18.

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

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Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Genuine Parts from a “hold” rating to a “strong sell” rating in a report on Monday, July 24th. Gabelli raised shares of Genuine Parts from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Friday, July 21st. Wedbush restated a “neutral” rating on shares of Genuine Parts in a research report on Thursday, July 6th. BidaskClub upgraded shares of Genuine Parts from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $96.00 price target on shares of Genuine Parts in a research report on Thursday, May 25th. Three 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 stock presently has an average rating of “Hold” and an average price target 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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