STAR Financial Bank reduced its Genuine Parts Company (GPC) holdings by 14.6% in Q2.

STAR Financial Bank reduced its holdings in Genuine Parts Company (GPC) by 14.6% in Q2, ending with shares valued at $463,000. GPC's recent earnings per share of $2.44 fell short of the $2.59 estimate. The company, with a market cap of $18.91 billion, will pay a $1.00 quarterly dividend on October 1, yielding 2.95%. Institutional investors control 78.83% of GPC stock, which currently has a "Hold" rating and a price target of $161.14.

September 11, 2024
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