Today, the Retired Vice Chairman of Genuine Parts Company (NYSE: GPC), Jerry Nix, bought shares of GPC for $718.2K.
Following this transaction Jerry Nix’s holding in the company was increased by 5.28% to a total of $14.06 million. This is Nix’s first transaction since reporting a Buy transaction on SNV back in May 2013
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Based on Genuine Parts Company’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $4.59 billion and quarterly net profit of $177 million. In comparison, last year the company earned revenue of $3.91 billion and had a net profit of $160 million. GPC’s market cap is $13.23B and the company has a P/E ratio of 20.97. Currently, Genuine Parts Company has an average volume of 503.9K.
Eight different firms, including Argus Research and Gabelli, currently also have a Buy rating on the stock. Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $96.67, reflecting a -6.3% downside.
The insider sentiment on Genuine Parts Company has been positive according to 26 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Genuine Parts Co. engages in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. It operates through the following segments: Automotive, Industrial, Office Products, and Electrical/Electronic Materials.
