Mitsubishi UFJ Trust & Banking Corp Sells 2,533 Shares of Genuine Parts (NYSE:GPC)

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of Genuine Parts (NYSE:GPCFree Report) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,145 shares of the specialty retailer’s stock after selling 2,533 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Genuine Parts worth $13,881,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GPC. Householder Group Estate & Retirement Specialist LLC acquired a new position in Genuine Parts during the 3rd quarter valued at approximately $25,000. OFI Invest Asset Management acquired a new position in shares of Genuine Parts in the 3rd quarter valued at $25,000. Sunbelt Securities Inc. increased its position in shares of Genuine Parts by 122.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 160 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 88 shares during the period. Briaud Financial Planning Inc acquired a new position in shares of Genuine Parts in the third quarter valued at about $28,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Genuine Parts in the third quarter valued at about $28,000. Institutional investors own 77.51% of the company’s stock.

Genuine Parts Stock Up 1.4 %

Shares of GPC opened at $145.14 on Tuesday. Genuine Parts has a 1 year low of $126.35 and a 1 year high of $181.37. The company’s 50-day simple moving average is $139.29 and its 200-day simple moving average is $142.74. The stock has a market capitalization of $20.35 billion, a PE ratio of 16.42, a P/E/G ratio of 1.56 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.58 and a current ratio of 1.16.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. The Goldman Sachs Group cut their price target on Genuine Parts from $178.00 to $152.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. JPMorgan Chase & Co. raised their price objective on shares of Genuine Parts from $184.00 to $189.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Wedbush dropped their price objective on shares of Genuine Parts from $160.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, October 20th. Finally, Truist Financial dropped their target price on Genuine Parts from $172.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, October 20th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Genuine Parts has an average rating of “Moderate Buy” and a consensus price target of $168.11.

Read Our Latest Stock Analysis on GPC

Genuine Parts Profile

(Free Report)

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and accessory and supply items used by various automotive aftermarket customers, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.

See Also

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

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