Comerica Bank Sells 645 Shares of Genuine Parts (GPC)
Comerica Bank trimmed its holdings in shares of Genuine Parts (NYSE:GPC) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,751 shares of the specialty retailer’s stock after selling 645 shares during the quarter. Comerica Bank’s holdings in Genuine Parts were worth $5,411,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in GPC. Horan Capital Advisors LLC. bought a new position in Genuine Parts during the third quarter worth about $134,000. IBM Retirement Fund bought a new position in Genuine Parts during the third quarter worth about $200,000. Savant Capital LLC bought a new position in Genuine Parts during the third quarter worth about $208,000. Moors & Cabot Inc. bought a new position in Genuine Parts during the third quarter worth about $217,000. Finally, Bredin Investment LLC bought a new position in Genuine Parts during the fourth quarter worth about $217,000. 75.62% of the stock is currently owned by institutional investors and hedge funds.
Genuine Parts (NYSE:GPC) opened at $97.72 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 1.32 and a debt-to-equity ratio of 0.16. Genuine Parts has a 1-year low of $79.86 and a 1-year high of $107.75. The company has a market cap of $14,228.84, a PE ratio of 21.33, a price-to-earnings-growth ratio of 2.37 and a beta of 1.14.
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About Genuine Parts
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.
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