Montag A & Associates Inc. Purchases 425 Shares of Genuine Parts (GPC)

Montag A & Associates Inc. lifted its stake in shares of Genuine Parts (NYSE:GPC) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,594 shares of the specialty retailer’s stock after buying an additional 425 shares during the quarter. Montag A & Associates Inc.’s holdings in Genuine Parts were worth $5,338,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Glenmede Trust Co. NA grew its stake in shares of Genuine Parts by 4,397.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,979,845 shares of the specialty retailer’s stock worth $594,396,000 after purchasing an additional 5,846,873 shares during the period. Morgan Stanley increased its position in Genuine Parts by 38.3% during the 3rd quarter. Morgan Stanley now owns 1,233,869 shares of the specialty retailer’s stock worth $122,645,000 after purchasing an additional 341,980 shares in the last quarter. PGGM Investments increased its position in Genuine Parts by 165.5% during the 4th quarter. PGGM Investments now owns 506,779 shares of the specialty retailer’s stock worth $48,661,000 after purchasing an additional 315,879 shares in the last quarter. Vanguard Group Inc grew its position in Genuine Parts by 1.3% in the third quarter. Vanguard Group Inc now owns 14,954,369 shares of the specialty retailer’s stock valued at $1,486,465,000 after acquiring an additional 191,348 shares in the last quarter. Finally, Federated Investors Inc. PA grew its position in Genuine Parts by 59,115.4% in the third quarter. Federated Investors Inc. PA now owns 188,305 shares of the specialty retailer’s stock valued at $18,718,000 after acquiring an additional 187,987 shares in the last quarter. 81.35% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities research analysts have issued reports on the company. ValuEngine upgraded Genuine Parts from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Bank of America lowered Genuine Parts from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Tuesday, October 30th. Zacks Investment Research upgraded Genuine Parts from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Friday, January 4th. Finally, Wedbush reaffirmed a “neutral” rating on shares of Genuine Parts in a research report on Tuesday, January 15th. Seven equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $103.00.

GPC opened at $105.69 on Friday. The company has a market cap of $15.55 billion, a PE ratio of 22.78, a PEG ratio of 3.53 and a beta of 1.03. The company has a current ratio of 1.33, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. Genuine Parts has a 1 year low of $85.80 and a 1 year high of $106.12.

In other news, Director John R. Holder acquired 500 shares of the stock in a transaction dated Monday, November 26th. The shares were acquired at an average cost of $100.81 per share, for a total transaction of $50,405.00. Following the completion of the transaction, the director now owns 7,058 shares in the company, valued at approximately $711,516.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.

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About Genuine Parts

Genuine Parts Company distributes automotive replacement and industrial parts, electrical and electronic materials, and business products in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Germany, and Poland. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.

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