Haverford Financial Services Inc. Continues to Hold Stake in Genuine Parts Company (GPC)

Haverford Financial Services Inc. maintained its position in shares of Genuine Parts Company (NYSE:GPC) during the fourth quarter, Holdings Channel reports. The fund owned 3,261 shares of the company’s stock at the end of the fourth quarter. Haverford Financial Services Inc.’s holdings in Genuine Parts Company were worth $312,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. State Street Corp increased its stake in Genuine Parts Company by 5.0% in the fourth quarter. State Street Corp now owns 8,539,360 shares of the company’s stock worth $815,858,000 after buying an additional 410,162 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Genuine Parts Company by 3.4% in the third quarter. BlackRock Fund Advisors now owns 5,074,055 shares of the company’s stock worth $509,689,000 after buying an additional 166,523 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Genuine Parts Company by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,964,020 shares of the company’s stock worth $398,186,000 after buying an additional 45,346 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Genuine Parts Company by 2.1% in the third quarter. BlackRock Group LTD now owns 2,157,175 shares of the company’s stock worth $216,688,000 after buying an additional 44,094 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Genuine Parts Company by 5.4% in the third quarter. Wells Fargo & Company MN now owns 1,770,615 shares of the company’s stock worth $177,858,000 after buying an additional 90,860 shares during the last quarter. Hedge funds and other institutional investors own 71.75% of the company’s stock.

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

Genuine Parts Company (NYSE:GPC) traded up 0.20% during mid-day trading on Friday, hitting $99.43. The stock had a trading volume of 134,737 shares. The company has a 50-day moving average of $97.68 and a 200-day moving average of $97.71. The firm has a market cap of $14.79 billion, a PE ratio of 21.48 and a beta of 0.93. Genuine Parts Company has a 12-month low of $86.61 and a 12-month high of $105.97.

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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut Genuine Parts Company from a “hold” rating to a “sell” rating in a research note on Wednesday, December 14th. Goldman Sachs Group, Inc. (The) raised Genuine Parts Company from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $95.00 to $105.00 in a research note on Thursday, January 19th. Atlantic Securities initiated coverage on Genuine Parts Company in a research note on Wednesday, December 14th. They set a “neutral” rating and a $100.00 target price for the company. Wedbush reissued a “neutral” rating on shares of Genuine Parts Company in a research note on Tuesday, January 3rd. Finally, Jefferies Group LLC lowered their target price on Genuine Parts Company to $95.00 in a research note on Thursday, October 20th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $101.90.

Genuine Parts Company 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.

5 Day Chart for NYSE:GPC

Want to see what other hedge funds are holding GPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genuine Parts Company (NYSE:GPC).

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