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Cambridge Advisors increased its stake in Genuine Parts Company, which beat earnings forecasts, by 2.9%.
Cambridge Investment Research Advisors Inc. boosted its Genuine Parts Company (GPC) holdings by 2.9%, now owning 25,410 shares worth $3.027 million.
GPC reported earnings of $1.75 per share, exceeding forecasts.
The company, which distributes automotive and industrial parts, has a market cap of $16.72 billion and a P/E ratio of 19.78.
Analysts predict a 7.9 EPS for the year and have given GPC a "Moderate Buy" rating with a target price of $130.86.
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Cambridge Advisors aumentó su participación en Genuine Parts Company, lo que superó las previsiones de ganancias, en un 2,9%.