Genuine Parts Co (GPC) Files Form 4 Insider Selling : Timothy P Breen Sells 700 Shares

Genuine Parts Co (GPC): Timothy P Breen , Executive Vice President of Genuine Parts Co sold 700 shares on Apr 27, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $98.05 per share for a total value of $68,635.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 19, 2016, Wendy B Needham (director) sold 3,000 shares at $90.61 per share price.On Nov 13, 2015, Thomas Gallagher (CEO) purchased 3,000 shares at $86.86 per share price.Also, On Sep 30, 2015, Robert C Jr Loudermilk (director) purchased 1,200 shares at $82.55 per share price.

Genuine Parts Company: On Friday, May 6, 2016 heightened volatility was witnessed in Genuine Parts Company which led to swings in the share price. The shares opened for trading at $95.91 and hit $97.03 on the upside , eventually ending the session at $97, with a gain of 1.08% or 1.04 points. The heightened volatility saw the trading volume jump to 3,78,701 shares. The 52-week high of the share price is $100 and the company has a market cap of $14,513 M . The 52-week low of the share price is at $76.5.

Genuine Parts Company Money Flow Index Chart

Company has been under the radar of several Street Analysts.Genuine Parts Company is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 93 from a previous price target of $90 .The Rating was issued on Apr 20, 2016.Genuine Parts Company is Downgraded by Sterne Agee CRT to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 4, 2016.Genuine Parts Company is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 90 from a previous price target of $92 . The Rating was issued on Feb 17, 2016.Genuine Parts Company is Downgraded by Wedbush to Neutral while Lowering the Price Target of the company shares to $ 91 from a previous price target of $93 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Feb 17, 2016.

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 operates through four segments: Automotive Parts Group which distributes automotive parts and accessory items; Industrial Parts Group which distributes industrial replacement parts and related supplies; Office Products Group which is engaged in the wholesale distribution of a line of office and other business related products and Electrical/Electronic Materials Group which distributes materials to more than 20000 electrical and electronic manufacturers as well as industrial assembly and specialty wire and cable markets in North America. In 2014 the Company’s business was conducted from approximately 2600 locations throughout the United States Canada Mexico Australia and New Zealand.

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