Atria Investments Inc Sells 4,995 Shares of Genuine Parts Company $GPC

Atria Investments Inc trimmed its stake in Genuine Parts Company (NYSE:GPC) by 21.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,843 shares of the specialty retailer’s stock after selling 4,995 shares during the period. Atria Investments Inc’s holdings in Genuine Parts were worth $2,612,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GPC. Peoples Financial Services CORP. purchased a new position in Genuine Parts in the 3rd quarter worth approximately $29,000. Golden State Wealth Management LLC lifted its holdings in shares of Genuine Parts by 8,833.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 268 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 265 shares during the last quarter. Hantz Financial Services Inc. grew its position in Genuine Parts by 7,825.0% in the second quarter. Hantz Financial Services Inc. now owns 317 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 313 shares in the last quarter. Quaker Wealth Management LLC grew its position in Genuine Parts by 11,533.3% in the second quarter. Quaker Wealth Management LLC now owns 343 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 346 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators increased its stake in Genuine Parts by 40.0% in the third quarter. Deseret Mutual Benefit Administrators now owns 350 shares of the specialty retailer’s stock valued at $49,000 after acquiring an additional 100 shares during the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Stock Performance

NYSE:GPC opened at $147.37 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.51 and a current ratio of 1.14. Genuine Parts Company has a fifty-two week low of $104.01 and a fifty-two week high of $151.57. The firm has a market cap of $20.50 billion, a PE ratio of 25.36 and a beta of 0.74. The business has a 50 day moving average price of $133.74 and a 200-day moving average price of $133.66.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GPC shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research note on Monday, December 29th. UBS Group reissued a “neutral” rating on shares of Genuine Parts in a report on Wednesday, February 11th. Evercore ISI set a $175.00 target price on Genuine Parts in a research note on Wednesday, February 11th. The Goldman Sachs Group upgraded shares of Genuine Parts from a “sell” rating to a “neutral” rating and increased their price target for the company from $130.00 to $142.00 in a research report on Thursday, November 13th. Finally, Truist Financial lifted their price target on shares of Genuine Parts from $146.00 to $162.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.14.

Genuine Parts Company Profile

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.