Genuine Parts Company (NASDAQ:GPC) Expected To Report Earnings On Tuesday

Marco Green
February 22, 2018

The Company's Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for applying adhesives, lotions, liquids, and fibers to disposable products and continuous roll goods; and assembling plastic, metal, and wood products in paper and paperboard converting applications, as well as manufacturing continuous roll goods. It has a 7.04 P/E ratio. BlackRock Inc. owned 10.88% of Genuine Parts worth $1,514,961,000 as of its most recent filing with the Securities & Exchange Commission. Finally, Moors & Cabot Inc. acquired a new stake in Genuine Parts in the 3rd quarter worth approximately $217,000. About 73,846 shares traded.

For the full year 2018, Genuine Parts expects revenue growth rate in the range of 12%-13%, whereas adjusted earnings per share are projected to be in the range of $5.6-$5.75. It has underperformed by 18.15% the S&P500.

Investors sentiment increased to 0.96 in 2017 Q3. Its up 0.06, from 0.9 in 2017Q2.

Other large investors also recently modified their holdings of the company. 55 funds opened positions while 176 raised stakes. Net income for the fourth quarter was $108.2 million and earnings per share on a diluted basis were 73 cents. Invesco holds 0% of its portfolio in Hydrogenics Corporation (NASDAQ:HYGS) for 62,047 shares. Palisade Asset Mngmt Lc reported 32,410 shares stake. Aqr Capital Mgmt Limited Co invested in 56,530 shares.

On 8/20/2015 Wendy B Needham, Director, sold 3,000 with an average share price of $86.21 per share and the total transaction amounting to $258,630.00. Hendershot Investments holds 0.93% or 22,819 shares in its portfolio. The stock of Genuine Parts Company (NYSE:GPC) has "Buy" rating given on Tuesday, September 15 by Jefferies.

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.

Receive Genuine Parts Company News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genuine Parts Company with MarketBeat.com's FREE daily email newsletter. Winch Advisory Ltd accumulated 268 shares or 0% of the stock. Bnp Paribas Asset Management reported 9,720 shares.

Genuine Parts (GPC) opened at $94.67 on Wednesday. Brown Advisory has invested 0% in Genuine Parts Company (NYSE:GPC).

On 11/20/2017 announced a quarterly dividend of $0.68 3.14% with an ex dividend date of 12/7/2017 which will be payable on 12/8/2017. Therefore 80% are positive. They are also projecting the Low EPS estimate of $1.26 and the High EPS estimate of $1.48. The rating was maintained by Jefferies on Wednesday, April 19 with "Hold".

Genuine Parts Co. has announced sales and earnings for the fourth quarter and 12 months ended December 31, 2017. Roth Capital maintained Hydrogenics Corporation (NASDAQ:HYGS) rating on Saturday, August 15. Gabelli reaffirmed a "buy" rating on shares of Genuine Parts in a report on Friday, October 20th. The company was maintained on Thursday, July 20 by RBC Capital Markets. The stock has "Hold" rating by RBC Capital Markets on Friday, September 8.

Since January 1, 0001, it had 0 buys, and 1 sale for $69,825 activity.

Analysts await SkyWest, Inc. The fund owned 1,480,301 shares of the specialty retailer's stock after selling 260,779 shares during the period. Caisse DE Depot ET Placement DU Quebec now owns 3,758,715 shares of the specialty retailer's stock valued at $361,034,000 after purchasing an additional 1,160,200 shares during the last quarter. Considering that the stock daily volume of 1711150 shares, this represents a pretty noteworthy trading in volume size. About 105,751 shares traded.

Ratings analysis reveals 75% of Nordson's analysts are positive. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". RBC Capital Markets maintained it with "Hold" rating and $96 target in Friday, May 26 report. SKYW was included in 3 notes of analysts from October 28, 2016. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. State Street Corp is the second biggest holder with 9 million shares now valued at 846.55 million whilst J.P. Morgan Investment Management Inc has 6 million shares valued at 556.38 million. It is better to use it in conjunction with other ratios and measures. Atlanta Capital Management Co L L C, a Georgia-based fund reported 1.78 million shares.

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