BlackRock Amends GPC Stake, Signals Position as of Dec 31, 2023
Ticker: GPC · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 40987
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its GPC ownership, confirming its stake as of year-end 2023.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of Common Stock in Genuine Parts Company as of December 31, 2023. This is the 16th amendment to their Schedule 13G filing for Genuine Parts Company. This matters to investors because BlackRock is a major institutional investor, and changes in their reported holdings can signal shifts in their investment strategy or outlook on Genuine Parts Company's stock, potentially influencing other investors.
Why It Matters
This filing confirms BlackRock's continued significant institutional ownership in Genuine Parts Company, providing transparency on a major player's stake. Investors can use this information to gauge institutional confidence in the company.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor, not indicating any immediate or significant risk.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, but this routine update doesn't suggest an immediate buy or sell action. It's a data point for understanding institutional interest.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Genuine Parts Company (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the date the SC 13G/A was filed
FAQ
What type of securities does BlackRock, Inc. hold in Genuine Parts Company?
BlackRock, Inc. holds 'Common Stock' in Genuine Parts Company, as stated under the 'Title of Class of Securities' section of the filing.
What is the CUSIP number for Genuine Parts Company's securities mentioned in this filing?
The CUSIP number for Genuine Parts Company's securities is 372460105, as listed in the filing.
When was the event date that triggered this SC 13G/A filing?
The event date which required the filing of this statement was December 31, 2023, as specified in the filing.
What rule under the Securities Exchange Act of 1934 is BlackRock, Inc. filing this Schedule 13G under?
BlackRock, Inc. is filing this Schedule 13G under Rule 13d-1(b), indicated by the 'X' in the appropriate box.
How many amendments has BlackRock, Inc. made to its Schedule 13G for Genuine Parts Company?
This filing is the 16th amendment, as indicated by '(Amendment No: 16)' on the Schedule 13G form.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding GENUINE PARTS CO (GPC).