Genuine Parts Co Stock as Big Money Enter, Sentiment at 0.95

June 27, 2018 - By Joseph Taylor

Genuine Parts Company (NYSE:GPC) Corporate Logo

“Big money” Positions

“Big money sentiment for Genuine Parts Co (NYSE:GPC) in 2018 Q1 increased to 0.95, according to SEC filings. That’s up 0.01, from 2017Q4’s 0.94. 226 institutional investors increased or opened new positions, while 239 decreased and sold their positions in Genuine Parts Co so the sentiment has 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 was flat from 5 to 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

As of 2018 Q1 Cincinnati Indemnity Co has 5.68% invested in Genuine Parts Co. As of 2018 Q1, 823,000 shares of Genuine Parts Co are owned by Cincinnati Financial Corp. Fidelity National Financial Inc. reported 195,950 shares. Cullen Capital Management Llc revealed 806,080 shares position in Genuine Parts Co. The Virginia-based fund Hendershot Investments Inc. looks positive on Genuine Parts Co, possessing 67,554 shares.

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.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.

The stock increased 0.24% or $0.225 during the last trading session, reaching $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&P500.

On July, 19 Genuine Parts Company (NYSE:GPC)’s earnings release is anticipated by WallStreet, according to Faxor. Analysts expect change of 20.93 % or $0.27 from previous year’s $1.29 earnings per share compared to current’s $1.56 earnings per share. If earnings per share of $1.56 is announced the profit of GPC could hit $228.91 million giving it 14.87 P/E. 22.83 % EPS growth is what analysts predict. $1.27 earnings per share was announced for last quarter.

Schwab Charles reported 0.07% of its capital in Genuine Parts Company (NYSE:GPC). 2,036 are held by Johnson Fincl Grp. Kentucky Retirement System reported 0.06% of its capital in Genuine Parts Company (NYSE:GPC). 167,503 are held by Millennium Lc. Verity Verity Ltd owns 47,054 shs for 1.14% of their capital. Adirondack Tru Communications reported 0.01% in Genuine Parts Company (NYSE:GPC). Buckingham Asset Mgmt Lc accumulated 3,861 shs. Schroder Mgmt Gru has invested 0% in Genuine Parts Company (NYSE:GPC). Teacher Retirement Of Texas reported 0.02% stake. Kistler invested in 922 shs. 78,845 were reported by Bnp Paribas Arbitrage. Asset One Ltd owns 0.05% invested in Genuine Parts Company (NYSE:GPC) for 253,016 shs. Natl Bank Of Hawaii holds 2,300 shs. Carroll Financial Associates Incorporated stated it has 0.06% of its capital in Genuine Parts Company (NYSE:GPC). Covington has 0.18% invested in Genuine Parts Company (NYSE:GPC) for 30,934 shs.

Genuine Parts Company (NYSE:GPC) Ratings Coverage

Total analysts of 4 have positions in Genuine Parts Company (NYSE:GPC) as follows: 0 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 0. The firm has $107.0 highest while $80 is the lowest price target. The average target $93.67 is 0.95% above the last ($92.785) price. Since February 12, 2018 according to StockzIntelligence Inc Genuine Parts Company has 6 analyst reports. On Thursday, April 19 the firm has “Hold” rating by RBC Capital Markets given. In Wednesday, February 21 report JP Morgan maintained it with “Neutral” rating and $107 target. On Friday, April 13 the firm has “Neutral” rating by Bank of America given. On Wednesday, February 21 the rating was maintained by Bank of America with “Underperform”. On Monday, February 12 the rating was maintained by RBC Capital Markets with “Hold”. On Tuesday, April 17 the firm has “Hold” rating given by Guggenheim.

For more Genuine Parts Company (NYSE:GPC) news announced recently go to: Globenewswire.com, Livetradingnews.com, Bizjournals.com, Bizjournals.com or Streetinsider.com. The titles are as follows: “New Research Coverage Highlights Avery Dennison, Raymond James Financial, Genuine Parts, Kimco Realty, Bristow …” announced on June 15, 2018, “Genuine Parts Company (NYSE:GPC) Bullish Trend” on June 01, 2018, “Atlanta loses another great leader – Wilton Looney at 99” with a publish date: June 04, 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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