Here is What Institutional Investors Think About Genuine Parts Co (NYSE:GPC)

Marco Green
June 4, 2017

Suntrust Banks holds 1.85 million shares or 1.06% of its portfolio. Utah Retirement System has 0.06% invested in Genuine Parts Company (NYSE:GPC).

About 200,139 shares traded.

Wall Street await Genuine Parts Company (NYSE:GPC) to release earnings on July, 18. It has underperformed by 4.22% the S&P500. Therefore 70% are positive. Ormat Technologies Inc has $67 highest and $32 lowest target. The stock now has an average rating of "Hold" and a consensus target price of $102.33. Oppenheimer maintained Ormat Technologies, Inc. Vetr has "Buy" rating and $61.19 target. The firm has "Outperform" rating by RBC Capital Markets given on Friday, September 25. The company was upgraded on Thursday, January 19 by Goldman Sachs.

02/01/2016 - Genuine Parts Company was downgraded to "neutral" by analysts at JP Morgan. The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.85 billion. The Company's equipment manufacturing activities are located in Israel.

Investors sentiment increased to 1.14 in Q4 2016. Its quick ratio was 0.60 while current ratio was noted as 1.20 in the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. 99 funds opened positions while 190 raised stakes. The California-based Blackrock Institutional Trust Na has invested 0.01% in Ormat Technologies, Inc. The share price of GPC has decreased by over -5.47% in the last six months. Moreover, Citigroup has 0.03% invested in Corning Incorporated (NYSE:GLW). (NYSE:ORA) for 19 shares. Genuine Parts Company is now trading 0.69% above its 20-day and -3.49% versus the 200-day simple moving averages while 0.66% compared with its 50-day simple moving average. Daiwa Secs Gru holds 0% or 4,050 shares in its portfolio. Investors of record on Friday, June 9th will be given a dividend of $0.675 per share. Natl Mutual Ins Federation Of Agricultural Cooperatives holds 0.09% or 31,900 shares in its portfolio. Bluecrest Capital Mngmt Limited owns 152,669 shares. Estabrook Mngmt, a New York-based fund reported 800 shares. Goldman Sachs Gru accumulated 940,131 shares. First Quadrant Lp Ca holds 0% of its portfolio in Sierra Bancorp (NASDAQ:BSRR) for 3,100 shares. Blackrock Japan Communication Limited holds 0% in Ormat Technologies, Inc. Shares for $1.72M were sold by Helm Lucy Lee.

About 37,577 shares traded. It has outperformed by 16.62% the S&P500. Manufacturers Life Insur Com The holds 68,392 shares. 113,346 shares were sold by BRADLEY WILLIAM W, worth $6.15M. On Friday, March 3 the insider Duato Joaquin sold $6.18M. Granot David also sold $288,500 worth of Ormat Technologies, Inc.

Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.01, from 0.75 in 2016Q3. Sold All: 49 Reduced: 211 Increased: 208 New Position: 50. Asset Advisors Corp holds 0.12% or 6,450 shares in its portfolio.

Kerrisdale Advisers Llc decreased Genuine Parts Co (GPC) stake by 51.12% reported in 2016Q4 SEC filing. Bancorporation Of Ny Mellon Corporation stated it has 1.43 million shares or 0.04% of all its holdings. Davidson Inv Advsr accumulated 0% or 125 shares. Private Trust Na invested in 2,946 shares.

Genuine Parts Company (NYSE:GPC) was down -0.79% at $92.54 on Tuesday, in a 52-week range of $86.61 to $105.97 and with a consensus analyst target price of $97.78. Raymond James Trust Na reported 9,919 shares. A ratio over one indicates an increase in share price over the period. 281,094 were reported by Park National Corp Oh. Manning Napier Advsrs Llc holds 0.02% of its portfolio in Genuine Parts Company (NYSE:GPC) for 27,160 shares. City reported 0.53% in Genuine Parts Company (NYSE:GPC). On average, equities research analysts anticipate that Genuine Parts Company will post $4.81 earnings per share for the current year. Therefore 18% are positive.

Among 11 analysts covering Genuine Parts Company (NYSE:GPC), 2 have Buy rating, 1 Sell and 8 Hold. Susquehanna initiated the shares of GPC in report on Friday, August 26 with "Neutral" rating. Washington Trust Bank now owns 1,963 shares of the specialty retailer's stock worth $181,000 after buying an additional 1,511 shares during the period. Finally, Goldman Sachs Group Inc restated a "neutral" rating and issued a $104.00 price objective (up from $98.00) on shares of Genuine Parts Company in a research report on Saturday, April 22nd. The company was maintained on Tuesday, July 21 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Tuesday, October 20 with "Sector Perform".

10/15/2015 - Genuine Parts Company was downgraded to "hold" by analysts at BB&T Capital Markets. Royal Bank of Canada raised their price target on shares of Genuine Parts Company from $94.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, April 20th. "Has $2.50 Million Position in Genuine Parts Company (GPC)" was first published by Transcript Daily and is the sole property of of Transcript Daily. The firm earned "Buy" rating on Tuesday, October 20 by Gabelli.

About Genuine Parts Company 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 $13.82 billion. The Company's segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.

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