Genuine Parts Co (NYSE:GPC) Stock Price Up as Sentiment Increases, now at 0.95

June 27, 2018 - By Clyde Turner

Genuine Parts Company (NYSE:GPC) Corporate Logo

“Big money” Positions

“Big money sentiment for Genuine Parts Co (NYSE:GPC) in Q1 2018 increased to 0.95, according to SEC filings. That’s up 0.01, from 2017Q4’s 0.94. 226 active investment managers started new and increased stock positions, while 239 sold and decreased their stock positions in Genuine Parts Co so the sentiment is positive. These funds own 104.87 million shares, that’s down from 106.29 million shares in 2017Q4. Funds holding Genuine Parts Co in top 10 changed to 5 from 5 for the same number . In total 33 funds closed positions, 206 reduced and 164 increased. Also 62 funds bought new Genuine Parts Co stakes.

Biggest Genuine Parts Co Investors

As of Q1 2018 Cincinnati Indemnity Co has 5.68% invested in Genuine Parts Co. As of Q1 2018, 823,000 shares of Genuine Parts Co are owned by Cincinnati Financial Corp. In addition, Fidelity National Financial Inc. reported 195,950 shares in Genuine Parts Co equivalent to 2.6% of its US long equity exposure. Cullen Capital Management Llc revealed 806,080 shares position in Genuine Parts Co. The Virginia-based fund Hendershot Investments Inc. holds 67,554 shares or 2.46% of their US long equity exposure.

Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Canada, Australia, New Zealand, Mexico, and Puerto Rico.The firm is valued at $13.62 billion. It distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items used in the automotive aftermarket, including repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.21.58 is the P/E ratio. The firm also distributes industrial replacement parts and related supplies, such as bearings, mechanical and electrical power transmission products, industrial automation products, hoses, hydraulic and pneumatic components, industrial supplies, and material handling products primarily for food and beverage, forest products, primary metal, pulp and paper, mining, automotive, gas and oil, petrochemical, and pharmaceutical industries through 483 branches, 13 distribution centers, and 43 service centers.

The stock increased 0.24% or $0.225 during the last trading session, touching $92.785.Genuine Parts Company has volume of 201,502 shares. Since June 27, 2017 GPC has risen 0.13% and is uptrending. GPC underperformed by 12.44% the S&P 500.

Genuine Parts Company (NYSE:GPC)’s quarterly earnings will be published on July, 19., Faxor reports. This year’s earnings per share analyst estimate is expected to be $1.56. That is 20.93 % up compareed to $1.29 earnings per share for last year. GPC’s profit could reach $228.91 million if the current earnings per share of $1.56 is accurate. Wall Street now predicts 22.83 % EPS growth despite Genuine Parts Company previous quarter’s EPS of $1.27.

Mechanics Natl Bank Department stated it has 0.23% of its capital in Genuine Parts Company (NYSE:GPC). Oregon Pub Employees Retirement Fund accumulated 36,237 shs. Meyer Handelman has invested 0.49% in Genuine Parts Company (NYSE:GPC). Avalon Ltd Liability Corp reported 0.4% stake. 524,300 are held by Ny State Common Retirement Fund. New Jersey-based Bessemer has invested 0.02% in Genuine Parts Company (NYSE:GPC). Buckhead Cap Mgmt Lc reported 0.19% of its capital in Genuine Parts Company (NYSE:GPC). Azimuth Cap has 18,078 shs for 0.12% of their capital. Cambridge Inv Rech Advisors holds 0.02% or 21,462 shs. Blackrock owns 14.99M shs. The Georgia-based Vident Advisory Lc has invested 0.02% in Genuine Parts Company (NYSE:GPC). Iat Reinsurance Communication reported 41,800 shs or 0.58% of all its holdings. 310,000 are held by State Of New Jersey Common Pension Fund D. Great West Life Assurance Can invested 0.03% of its capital in Genuine Parts Company (NYSE:GPC). Quantitative Mgmt Lc reported 108,400 shs.

Genuine Parts Company (NYSE:GPC) Ratings Coverage

In total 4 analysts cover Genuine Parts Company (NYSE:GPC). “Buy” rating has 0, “Sell” are 0, while 4 are “Hold”. 0 are bullish. With $107.0 highest and $80 lowest price target Genuine Parts Company has $93.67 average price target or 0.95% above the current ($92.785) price. 6 are the (NYSE:GPC)’s analyst reports since February 12, 2018 according to StockzIntelligence Inc. On Monday, February 12 the stock of Genuine Parts Company (NYSE:GPC) has “Hold” rating given by RBC Capital Markets. The stock rating was initiated by Guggenheim with “Hold” on Tuesday, April 17. In Thursday, April 19 report RBC Capital Markets maintained it with “Hold” rating and $9400 target. On Friday, April 13 the rating was upgraded by Bank of America to “Neutral”. On Wednesday, February 21 JP Morgan maintained the shares of GPC in report with “Neutral” rating. On Wednesday, February 21 Bank of America maintained the shares of GPC in report with “Underperform” rating.

For more Genuine Parts Company (NYSE:GPC) news announced recently go to: Bizjournals.com, Streetinsider.com, Seekingalpha.com, Bizjournals.com or Streetinsider.com. The titles are as follows: “Atlanta loses another great leader – Wilton Looney at 99” announced on June 04, 2018, “Genuine Parts (GPC) to Acquire Hennig Fahrzeugteile Group” on June 07, 2018, “Essendant -10.6% as FTC issues second request on GPC deal” with a publish date: June 06, 2018, “American Cancer Society sets Georgia leadership board” and the last “Genuine Parts (GPC) option implied volatility low after Trump says 20% tariffs may be placed on all imported European …” with publication date: June 22, 2018.

Genuine Parts Company (NYSE:GPC) Institutional Investors Chart

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