Genuine Parts (NYSE:GPC) Shares Bought by Physicians Financial Services Inc.

Physicians Financial Services Inc. lifted its position in Genuine Parts (NYSE:GPC) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,196 shares of the specialty retailer’s stock after acquiring an additional 275 shares during the quarter. Physicians Financial Services Inc.’s holdings in Genuine Parts were worth $595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ipswich Investment Management Co. Inc. acquired a new position in Genuine Parts during the 4th quarter worth $48,000. Baird Financial Group Inc. raised its stake in shares of Genuine Parts by 2.5% in the 3rd quarter. Baird Financial Group Inc. now owns 21,618 shares of the specialty retailer’s stock worth $2,147,000 after buying an additional 520 shares in the last quarter. Warren Averett Asset Management LLC raised its stake in shares of Genuine Parts by 7.0% in the 3rd quarter. Warren Averett Asset Management LLC now owns 8,827 shares of the specialty retailer’s stock worth $877,000 after buying an additional 575 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Genuine Parts by 0.3% in the 3rd quarter. Gateway Investment Advisers LLC now owns 180,588 shares of the specialty retailer’s stock worth $17,950,000 after buying an additional 606 shares in the last quarter. Finally, Camden National Bank raised its stake in shares of Genuine Parts by 0.8% in the 3rd quarter. Camden National Bank now owns 84,870 shares of the specialty retailer’s stock worth $8,436,000 after buying an additional 650 shares in the last quarter. Institutional investors own 81.35% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Genuine Parts from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised Genuine Parts from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Bank of America lowered Genuine Parts from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Tuesday, October 30th. Finally, Wedbush reiterated a “neutral” rating on shares of Genuine Parts in a research note on Tuesday, January 15th. Seven research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $103.00.

NYSE GPC opened at $105.96 on Thursday. The company has a market cap of $15.09 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 3.43 and a beta of 1.03. Genuine Parts has a one year low of $85.80 and a one year high of $106.12. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 1.33.

In other news, Director John R. Holder acquired 500 shares of the firm’s stock in a transaction on Monday, November 26th. The shares were purchased at an average cost of $100.81 per share, for a total transaction of $50,405.00. Following the transaction, the director now owns 7,058 shares of the company’s stock, valued at $711,516.98. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 3.10% of the stock is owned by corporate insiders.

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Genuine Parts Profile

Genuine Parts Company distributes automotive replacement and industrial parts, electrical and electronic materials, and business products in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Germany, and Poland. 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 through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.

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

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