September 5, 2017 – By Nellie Frank
Investors sentiment decreased to 0.99 in 2016 Q4. Its down 0.21, from 1.2 in 2016Q3. It worsened, as 49 investors sold Genuine Parts Company shares while 211 reduced holdings. 50 funds opened positions while 208 raised stakes. 105.05 million shares or 2.36% more from 102.63 million shares in 2016Q3 were reported.
Commonwealth Equity reported 51,211 shares stake. Riverhead Cap Ltd Liability Company reported 48,222 shares stake. British Columbia Management invested 0.05% of its portfolio in Genuine Parts Company (NYSE:GPC). Amer Securities Inc (D B A Uas Asset Management) holds 14,735 shares. Hartford Invest Mgmt invested 0.07% of its portfolio in Genuine Parts Company (NYSE:GPC). Sabal reported 2.22% of its portfolio in Genuine Parts Company (NYSE:GPC). World Asset Mgmt invested in 0.06% or 17,077 shares. Lpl Ltd Llc holds 35,981 shares. Mufg Americas reported 3,490 shares or 0.01% of all its holdings. Bahl Gaynor accumulated 187,304 shares. Invesco Ltd reported 1.11 million shares. Edge Asset Mgmt Inc has invested 0.05% in Genuine Parts Company (NYSE:GPC). M&R Capital Management Inc has 0.16% invested in Genuine Parts Company (NYSE:GPC) for 6,175 shares. Lombard Odier Asset Management (Europe) Limited stated it has 0.12% in Genuine Parts Company (NYSE:GPC). Glob Endowment Management Lp accumulated 3,720 shares.
Genuine Parts Company (NYSE:GPC) Ratings Coverage
Among 11 analysts covering Genuine Parts Company (NYSE:GPC), 2 have Buy rating, 2 Sell and 7 Hold. Therefore 18% are positive. Genuine Parts Company had 22 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by BB&T Capital on Thursday, October 15. As per Tuesday, July 21, the company rating was maintained by RBC Capital Markets. The rating was downgraded by Goldman Sachs to “Sell” on Wednesday, September 30. Jefferies initiated Genuine Parts Company (NYSE:GPC) on Tuesday, September 15 with “Buy” rating. The firm has “Neutral” rating by Atlantic Securities given on Wednesday, December 14. RBC Capital Markets maintained the shares of GPC in report on Tuesday, October 20 with “Sector Perform” rating. As per Thursday, July 20, the company rating was maintained by RBC Capital Markets. Gabelli upgraded the shares of GPC in report on Friday, July 21 to “Buy” rating. The firm has “Hold” rating given on Friday, May 26 by RBC Capital Markets. RBC Capital Markets maintained Genuine Parts Company (NYSE:GPC) rating on Thursday, April 20. RBC Capital Markets has “Sector Perform” rating and $96 target. Below is a list of Genuine Parts Company (NYSE:GPC) latest ratings and price target changes.
20/07/2017 Broker: RBC Capital Markets Rating: Hold New Target: $85.0000 Maintain
21/07/2017 Broker: Gabelli Rating: Buy New Target: $101.0000 Upgrade
06/07/2017 Broker: Goldman Sachs Old Rating: Neutral New Rating: Sell Old Target: $104.00 New Target: $89.00 Downgrade
26/06/2017 Broker: Jefferies Rating: Hold New Target: $95.0000 Maintain
26/05/2017 Broker: RBC Capital Markets Rating: Hold New Target: $96.00 Maintain
20/04/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $94.00 New Target: $96.00 Maintain
19/04/2017 Broker: Jefferies Rating: Hold New Target: $95.00 Maintain
The stock increased 1.22% or $1.01 on September 1, reaching $83.84. About shares traded. Genuine Parts Company (NYSE:GPC) has declined 1.45% since September 5, 2016 and is downtrending. It has underperformed by 18.15% the S&P500.
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The company has market cap of $12.31 billion. The Company’s divisions include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other. It has a 18.13 P/E ratio. The automotive segment distributes replacement parts for all makes and models of automobiles, trucks and other vehicles.
More notable recent Genuine Parts Company (NYSE:GPC) news were published by: Prnewswire.com which released: “Genuine Parts Company Announces New Board Member, Declares Regular Quarterly …” on August 21, 2017, also Reuters.com with their article: “BRIEF-Genuine Parts Co announces additional 15 mln share repurchase program” published on August 21, 2017, Seekingalpha.com published: “Genuine Parts Company – This Company Suits My Investor Profile” on July 24, 2017. More interesting news about Genuine Parts Company (NYSE:GPC) were released by: Seekingalpha.com and their article: “Should I Buy Archer Daniels Midland, General Mills, Or Genuine Parts Company?” published on August 14, 2017 as well as Fool.com‘s news article titled: “Dividend stats on Genuine Parts” with publication date: August 09, 2017.
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