Public Employees Retirement Association of Colorado cut its position in Genuine Parts Company (NYSE:GPC) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,233 shares of the specialty retailer’s stock after selling 112 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Genuine Parts were worth $2,433,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Pinnacle Bank acquired a new position in shares of Genuine Parts during the first quarter worth approximately $115,000. Global X Management Co. LLC increased its position in shares of Genuine Parts by 29.3% in the first quarter. Global X Management Co. LLC now owns 1,644 shares of the specialty retailer’s stock worth $152,000 after buying an additional 373 shares during the period. Tompkins Financial Corp increased its position in shares of Genuine Parts by 146.7% in the first quarter. Tompkins Financial Corp now owns 1,875 shares of the specialty retailer’s stock worth $186,000 after buying an additional 1,115 shares during the period. Washington Trust Bank increased its position in shares of Genuine Parts by 334.3% in the first quarter. Washington Trust Bank now owns 1,963 shares of the specialty retailer’s stock worth $181,000 after buying an additional 1,511 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Genuine Parts during the first quarter worth approximately $208,000. 73.28% of the stock is owned by institutional investors.

Genuine Parts Company (NYSE GPC) opened at 83.45 on Wednesday. Genuine Parts Company has a 12-month low of $80.86 and a 12-month high of $105.18. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 18.07 and a beta of 1.04. The firm has a 50-day moving average of $86.82 and a 200 day moving average of $92.21.

Genuine Parts (NYSE:GPC) last announced 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 firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the business posted $1.28 earnings per share. Genuine Parts’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts predict that Genuine Parts Company will post $4.73 earnings per share for the current fiscal year.

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A number of brokerages recently commented on GPC. BidaskClub raised shares of Genuine Parts from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. 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 research note on Friday, July 21st. Royal Bank Of Canada boosted their price objective on shares of Genuine Parts from $94.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 20th. Zacks Investment Research downgraded shares of Genuine Parts from a “hold” rating to a “sell” rating in a research note on Friday, April 21st. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $104.00 price objective (up previously from $98.00) on shares of Genuine Parts in a research note on Saturday, April 22nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Genuine Parts has a consensus 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.

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

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