Published on 11 Mar 2024 on Insider Monkey via Yahoo Finance
Should You Sell Genuine Parts Company (GPC)?
Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Growth & Income Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. The S&P 500 Index rose 11.7% in Q4 and 26.3% for the year. Investors became more comfortable that the U.S. Federal Reserve was done with raising interest rates, leading to a decrease of over 70 basis points in 10-year U.S. Treasury yields. The Federal Reserve’s core Personal Consumption Expenditures (PCE) Price Index has been moderating on a year-over-year basis, easing concerns about interest rates. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Carillon Eagle Growth & Income Fund featured stocks like Genuine Parts Company (NYSE:GPC) in the Q4 2023 investor letter. Headquartered in Atlanta, Georgia, Genuine Parts Company (NYSE:GPC) is an industrial and automotive parts distributor. On March 8, 2024, Genuine Parts Company (NYSE:GPC) stock closed at $150.96 per share. One-month return of Genuine Parts Company (NYSE:GPC) was 5.43%, and its shares lost 7.38% of their value over the last 52 weeks. Genuine Parts Company (NYSE:GPC) has a market capitalization of $21.047 billion.
Carillon Eagle Growth & Income Fund stated the following regarding Genuine Parts Company (NYSE:GPC) in its fourth quarter 2023 investor letter: