Genuine Parts Co (GPC, +1, June 6th)
Robert Loudermilk (Director since 2010) purchased 2,000 shares on June 2nd at $151.75, spending $304,000 and increasing his holdings to 33,162 shares. Loudermilk has only made four other open market purchases since joining in 2010, has a good record and this buy is his second largest and 50% more than what he spent in early 2022 at $122.
Randall Breaux (Group President, GPC, joined 2019) purchased 500 shares on June 1st at $149, spending $74,000 in his first open market purchase. We ranked this stock +1 on March 30th based on a $250,000 purchase from Paul Donahue (Chair since 2019, CEO since 2016, joined 2004) at $156. This was Donahue’s second purchase of the shares despite a 20-year tenure.
With the addition of Loudermilk and Breaux to the pattern,
We are renewing our +1 rank.