Genuine Parts Co (NYSE:GPC) Big Money Positioning Change, Sentiment at 0.95

June 27, 2018 - By Loretta Love

Genuine Parts Company (NYSE:GPC) Corporate Logo

Genuine Parts Co’s Sentiment

In Q1 2018 Genuine Parts Co (NYSE:GPC) big money sentiment increased to 0.95, revealed SEC filings. So its up 0.01, from 2017Q4’s 0.94. 226 funds increased and started new positions, while 239 sold and reduced positions in Genuine Parts Co so the sentiment increased. 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.

Significant Genuine Parts Co Shareholders

Cincinnati Indemnity Co owns 15,000 shares in Genuine Parts Co as of Q1 2018. As of Q1 2018, 823,000 shares of Genuine Parts Co are owned by Cincinnati Financial Corp. Also, Fidelity National Financial Inc. reported 195,950 shares in Genuine Parts Co equivalent to 2.6% of its portfolio. 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 portfolio.

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 worth $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.The P/E ratio is 21.58. 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.

GPC is touching $92.785 during the last trading session, after increased 0.24%.Currently Genuine Parts Company is uptrending after 0.13% change in last June 27, 2017. GPC has 201,502 shares volume. GPC underperformed the S&P500 by 12.44%.

Investors wait Genuine Parts Company (NYSE:GPC)’s quarterly earnings on July, 19., as reported by Faxor. The earnings per share diference is $0.27 or 20.93 % up from last years number. Previous year: $1.29; Analysts forcast: $1.56. If $1.56 is reported, GPC’s profit will hit $228.91 million for 14.87 P/E. Wall Street sees 22.83 % EPS growth as of July, 19.

3,158 are held by Ibm Retirement Fund. State Teachers Retirement has 215,278 shs for 0.05% of their capital. Bb&T Securities Ltd Liability invested in 104,384 shs. Iowa-based Principal Grp has invested 0.02% in Genuine Parts Company (NYSE:GPC). Moreover, Barclays Public Ltd Limited Liability Company has 0.04% invested in Genuine Parts Company (NYSE:GPC). Advisory Services Ltd Llc stated it has 0.02% in Genuine Parts Company (NYSE:GPC). Raymond James & Assoc holds 96,010 shs or 0.02% of its capital. Orrstown Fincl Service Inc reported 0.1% of its capital in Genuine Parts Company (NYSE:GPC). Whittier reported 41,757 shs or 0.13% of all its holdings. Gam Ag holds 0.08% in Genuine Parts Company (NYSE:GPC) or 26,480 shs. Cincinnati Insurance owns 429,860 shs. Vigilant Capital Management Ltd holds 243 shs or 0% of its capital. Gabelli And Investment Advisers Inc reported 5,000 shs. California-based Covington Capital Mngmt has invested 0.18% in Genuine Parts Company (NYSE:GPC). Dubuque National Bank & Trust & has invested 0.01% in Genuine Parts Company (NYSE:GPC).

Genuine Parts Company (NYSE:GPC) Ratings Coverage

A total of 4 analysts rate Genuine Parts Company (NYSE:GPC) as follows: 0 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 0 are bullish. The firm has $107.0 highest and $80 lowest target. The avg target $93.67 is 0.95% above the last ($92.785) price. (NYSE:GPC) has 6 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Wednesday, February 21 the stock of Genuine Parts Company (NYSE:GPC) has “Neutral” rating given by JP Morgan. On Tuesday, April 17 Guggenheim initiated Genuine Parts Company (NYSE:GPC) with “Hold” rating. In Monday, February 12 report RBC Capital Markets maintained it with “Hold” rating and $107.0 target. In Friday, April 13 report Bank of America upgraded the stock to “Neutral” rating. On Wednesday, February 21 the stock of Genuine Parts Company (NYSE:GPC) earned “Underperform” rating by Bank of America. On Thursday, April 19 RBC Capital Markets maintained the shares of GPC in report with “Hold” rating.

For more Genuine Parts Company (NYSE:GPC) news published recently go to: Globenewswire.com, Bizjournals.com, Streetinsider.com, Streetinsider.com or Livetradingnews.com. The titles are as follows: “New Research Coverage Highlights Avery Dennison, Raymond James Financial, Genuine Parts, Kimco Realty, Bristow …” published on June 15, 2018, “American Cancer Society sets Georgia leadership board” on June 15, 2018, “Genuine Parts (GPC) to Acquire Hennig Fahrzeugteile Group” with a publish date: June 07, 2018, “Genuine Parts (GPC) option implied volatility low after Trump says 20% tariffs may be placed on all imported European …” and the last “Genuine Parts Company (NYSE:GPC) Bullish Trend” with publication date: June 01, 2018.

Genuine Parts Company (NYSE:GPC) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.