Manning & Napier Advisors LLC lifted its stake in Genuine Parts Company (NYSE:GPC) by 2.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,037 shares of the specialty retailer’s stock after purchasing an additional 1,134 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Genuine Parts were worth $3,924,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in GPC. Bank of Montreal Can boosted its position in shares of Genuine Parts by 12.7% in the 2nd quarter. Bank of Montreal Can now owns 78,346 shares of the specialty retailer’s stock valued at $7,268,000 after purchasing an additional 8,805 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Genuine Parts by 9.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,460 shares of the specialty retailer’s stock valued at $228,000 after purchasing an additional 209 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Genuine Parts by 5.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 36,560 shares of the specialty retailer’s stock valued at $3,391,000 after purchasing an additional 2,000 shares during the period. Aperio Group LLC boosted its position in shares of Genuine Parts by 8.9% in the 2nd quarter. Aperio Group LLC now owns 66,129 shares of the specialty retailer’s stock valued at $6,134,000 after purchasing an additional 5,417 shares during the period. Finally, US Bancorp DE boosted its position in shares of Genuine Parts by 0.5% in the 2nd quarter. US Bancorp DE now owns 57,516 shares of the specialty retailer’s stock valued at $5,334,000 after purchasing an additional 296 shares during the period. Institutional investors and hedge funds own 74.69% of the company’s stock.

GPC has been the subject of a number of recent analyst reports. Gabelli reiterated a “buy” rating on shares of Genuine Parts in a research report on Friday, October 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $95.00 price target on shares of Genuine Parts in a research report on Sunday, September 10th. Zacks Investment Research upgraded Genuine Parts from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Royal Bank Of Canada decreased their price target on Genuine Parts from $98.00 to $95.00 and set a “sector perform” rating for the company in a research report on Friday, October 20th. Finally, BidaskClub upgraded Genuine Parts from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $96.00.

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Shares of Genuine Parts Company (NYSE GPC) traded up $0.14 during midday trading on Monday, reaching $86.13. The company’s stock had a trading volume of 572,700 shares, compared to its average volume of 852,260. Genuine Parts Company has a 12-month low of $79.86 and a 12-month high of $100.90. The firm has a market cap of $12,630.00, a price-to-earnings ratio of 18.93, a PEG ratio of 3.29 and a beta of 1.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.32 and a quick ratio of 0.62.

Genuine Parts (NYSE:GPC) last announced its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 EPS for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.12). Genuine Parts had a return on equity of 20.49% and a net margin of 4.16%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the business posted $1.24 earnings per share. The company’s revenue was down 72.2% compared to the same quarter last year. equities research analysts forecast that Genuine Parts Company will post 4.58 EPS for the current fiscal year.

Genuine Parts announced that its Board of Directors has approved a share buyback program on Monday, August 21st that allows the company to buyback 15,000,000 shares. This buyback authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

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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