Genuine Parts Co (NYSE:GPC) Sentiment Increased to 0.95, Despite

June 27, 2018 - By Matthew Medley

Genuine Parts Company (NYSE:GPC) Corporate Logo

Genuine Parts Co’s Sentiment

“Big money sentiment for Genuine Parts Co (NYSE:GPC) in Q1 2018 increased to 0.95, SEC filings reveal. That’s up 0.01, from 2017Q4’s 0.94. 226 active investment managers opened new or increased positions, while 239 sold and decreased their stock positions in Genuine Parts Co so the sentiment is more positive. Funds own 104.87 million shares, 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 . 33 Investors Sold All; 206 Reduced Holdings; 164 increased stakes while 62 active investment managers bought stakes.

Most Genuine Parts Co Shareholders

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. Also, Fidelity National Financial Inc. reported 195,950 shares in Genuine Parts Co equivalent to 2.6% of its long stock 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 long stock 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 company has $13.62 billion market cap. 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%.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 awaited by WallStreet, according to Faxor. This year’s earnings per share analyst estimate is awaited to be $1.56. That is 20.93 % up compareed to $1.29 earnings per share for last year. If GPC’s EPS is $1.56 the profit will be $228.91 million for 14.87 P/E. 22.83 % EPS growth is what analysts predict. $1.27 earnings per share was revealed for previous quarter.

Geode Capital Mngmt Ltd Com accumulated 0.05% or 1.81 million shs. Srb Corporation has 0.03% invested in Genuine Parts Company (NYSE:GPC). Covington Mgmt holds 0.18% or 30,934 shs in its capital. Bank Of New York Mellon Corp has invested 0.04% in Genuine Parts Company (NYSE:GPC). Regions, a Alabama-based fund reported 179,092 shs. Stonebridge Management Inc invested in 15,131 shs. Aperio Group Ltd Co invested 0.03% in Genuine Parts Company (NYSE:GPC). Motley Fool Wealth Mngmt Lc holds 0.02% or 3,601 shs. 1,889 were accumulated by Mcf Advsr Limited Liability Corporation. Rowland And Company Invest Counsel Adv invested in 68,572 shs or 0% of the stock. Beacon Fincl Gru holds 53,899 shs or 0.83% of its capital. Transamerica Advsrs Inc has 0% invested in Genuine Parts Company (NYSE:GPC) for 72 shs. Amalgamated Commercial Bank holds 0.05% or 19,106 shs. Covington Investment has invested 1.15% in Genuine Parts Company (NYSE:GPC). Toronto Dominion Bank & Trust holds 0.02% in Genuine Parts Company (NYSE:GPC) or 79,090 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 PT Genuine Parts Company has $93.67 average PT 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 Tuesday, April 17 the firm has “Hold” rating by Guggenheim given. On Monday, February 12 the stock has “Hold” rating by RBC Capital Markets. On Wednesday, February 21 Bank of America maintained Genuine Parts Company (NYSE:GPC) rating. Bank of America has “Underperform” rating and $80 target. On Friday, April 13 the rating was upgraded by Bank of America to “Neutral”. On Thursday, April 19 the stock has “Hold” rating by RBC Capital Markets. On Wednesday, February 21 the stock of Genuine Parts Company (NYSE:GPC) has “Neutral” rating given by JP Morgan.

For more Genuine Parts Company (NYSE:GPC) news announced briefly go to: Streetinsider.com, Livetradingnews.com, Seekingalpha.com, Bizjournals.com or Bizjournals.com. The titles are as follows: “Genuine Parts (GPC) to Acquire Hennig Fahrzeugteile Group” announced on June 07, 2018, “Genuine Parts Company (NYSE:GPC) Bullish Trend” on June 01, 2018, “Essendant -10.6% as FTC issues second request on GPC deal” with a publish date: June 06, 2018, “Atlanta loses another great leader – Wilton Looney at 99” and the last “American Cancer Society sets Georgia leadership board” with publication date: June 15, 2018.

Genuine Parts Company (NYSE:GPC) Institutional Investors Chart

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