ABN Amro Investment Solutions Has $3.71 Million Stock Holdings in Genuine Parts Company $GPC

ABN Amro Investment Solutions decreased its position in Genuine Parts Company (NYSE:GPC) by 30.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,775 shares of the specialty retailer’s stock after selling 11,852 shares during the period. ABN Amro Investment Solutions’ holdings in Genuine Parts were worth $3,711,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in shares of Genuine Parts by 2.9% during the 3rd quarter. HighTower Advisors LLC now owns 127,918 shares of the specialty retailer’s stock worth $17,730,000 after buying an additional 3,560 shares during the period. Aberdeen Group plc boosted its stake in Genuine Parts by 0.3% in the third quarter. Aberdeen Group plc now owns 86,082 shares of the specialty retailer’s stock valued at $11,984,000 after acquiring an additional 279 shares during the last quarter. DDD Partners LLC bought a new position in Genuine Parts in the third quarter valued at approximately $18,926,000. Assetmark Inc. grew its holdings in Genuine Parts by 33.0% during the 3rd quarter. Assetmark Inc. now owns 65,158 shares of the specialty retailer’s stock worth $9,031,000 after acquiring an additional 16,156 shares during the period. Finally, Public Sector Pension Investment Board raised its position in shares of Genuine Parts by 15.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 12,082 shares of the specialty retailer’s stock valued at $1,675,000 after acquiring an additional 1,621 shares during the last quarter. 78.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GPC shares. JPMorgan Chase & Co. raised their price target on Genuine Parts from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a report on Monday, December 29th. The Goldman Sachs Group raised Genuine Parts from a “sell” rating to a “neutral” rating and upped their price target for the company from $130.00 to $142.00 in a research note on Thursday, November 13th. Truist Financial increased their price target on shares of Genuine Parts from $146.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday. Finally, UBS Group restated a “neutral” rating on shares of Genuine Parts in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $154.14.

Genuine Parts Stock Performance

Shares of GPC opened at $147.37 on Monday. The firm has a market cap of $20.50 billion, a P/E ratio of 25.36 and a beta of 0.74. Genuine Parts Company has a twelve month low of $104.01 and a twelve month high of $151.57. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.51 and a current ratio of 1.14. The firm’s 50 day moving average price is $133.37 and its two-hundred day moving average price is $133.53.

Genuine Parts 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.