Genuine Parts Company (GPC) has been involved in various business activities over the last months. The company has announced
acquisition of the Largest NAPA Independent Store Owner in the U.S., intensifying its foothold in the market. However, different entities like
Mission Wealth Management LP,
Sumitomo Mitsui Trust Holdings Inc., and
State of Alaska Department of Revenue have sold their GPC shares. Despite this, other investors such as
Diversify Advisory Services LLC,
Private Advisor Group LLC, and
Allspring Global Investments Holdings LLC increased their GPC holdings, showing a mixed market sentiment. GPC has reported its
First Quarter 2024 Results and updated their
Full-Year Outlook.
CEO Leadership Transition within the company has been announced along with officer promotion and board changes marking structural changes within GPC. Analyst groups such as
UBS and
Evercore ISI have lowered their price target for GPC to $150 and $160 respectively. Despite this, the company has enjoyed a strong trading day with its stock outperforming competitors.
Genuine Parts Company GPC News Analytics from Tue, 01 Aug 2023 07:00:00 GMT to Sun, 07 Jul 2024 16:20:23 GMT -
Rating 2
- Innovation 1
- Information 8
- Rumor -3
