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Universal Beteiligungs und Servicegesellschaft mbH Acquires 21,487 Shares of Genuine Parts Company $GPC
Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Genuine Parts Company (NYSE:GPC) by 16.4% in the fourth quarter, acquiring an additional 21,487 shares, bringing its total holdings to 152,358 shares valued at approximately $18.82 million. Other institutional investors also adjusted their positions in GPC, which reported strong Q4 earnings, beating analyst estimates, and increased its quarterly dividend. The company’s stock is currently rated as a “Hold” by analysts, with a consensus target price of $143.71.