Highland Capital Management LLC Grows Stock Holdings in Genuine Parts Company $GPC

Highland Capital Management LLC significantly increased its stake in Genuine Parts Company (NYSE:GPC) by 127.7% in the fourth quarter, now holding 65,717 shares valued at approximately $8.08 million. This comes as institutional investors collectively own 78.83% of the company’s stock. Genuine Parts recently reported slightly better-than-expected earnings for the quarter and announced a quarterly dividend, while analyst sentiment remains mixed with a consensus “Hold” rating.

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