First Trust Advisors LP Sells 62,715 Shares of Genuine Parts Company $GPC

First Trust Advisors LP significantly reduced its stake in Genuine Parts Company (GPC) by selling 62,715 shares, decreasing its holdings by 15.5% in the third quarter. Despite this, other institutional investors have either purchased new positions or increased their holdings in GPC. The company recently increased its quarterly dividend and analysts maintain a “Moderate Buy” rating with a consensus target price of $145.57.