Were Analysts Bullish Genuine Parts Company (NYSE:GPC) This Week?

August 18, 2017 - By Marguerite Chambers

 Were Analysts Bullish Genuine Parts Company (NYSE:GPC) This Week?
Investors sentiment decreased to 0.99 in 2016 Q4. Its down 0.21, from 1.2 in 2016Q3. It turned negative, 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.
Parkside Finance National Bank & Trust has invested 0.09% in Genuine Parts Company (NYSE:GPC). Cwm Limited Company reported 500 shares. Da Davidson And has invested 0.28% in Genuine Parts Company (NYSE:GPC). Kornitzer Inc Ks has invested 0.01% in Genuine Parts Company (NYSE:GPC). Ontario Teachers Pension Plan Board invested in 0.07% or 70,785 shares. Ibm Retirement Fund reported 0.06% of its portfolio in Genuine Parts Company (NYSE:GPC). State Common Retirement Fund owns 0.07% invested in Genuine Parts Company (NYSE:GPC) for 527,400 shares. Utah Retirement System stated it has 26,667 shares or 0.06% of all its holdings. Verity Verity Limited Liability Com reported 44,424 shares. Cornerstone Capital Mngmt Hldg Lc holds 57,828 shares. Texas Permanent School Fund invested in 44,556 shares or 0.06% of the stock. Tiemann Invest Advsrs Ltd Llc holds 0.29% or 3,075 shares in its portfolio. Meyer Handelman reported 0.69% stake. Vident Investment Advisory Ltd Liability Corporation reported 0.26% stake. Bank & Trust Of Montreal Can reported 75,412 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. Susquehanna initiated the stock with “Neutral” rating in Friday, August 26 report. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, July 20. On Thursday, January 19 the stock rating was upgraded by Goldman Sachs to “Neutral”. Wedbush maintained Genuine Parts Company (NYSE:GPC) rating on Thursday, October 20. Wedbush has “Neutral” rating and $95 target. The stock has “Neutral” rating by Atlantic Securities on Wednesday, December 14. The firm has “Hold” rating by Gabellu & Co. given on Thursday, July 14. Jefferies maintained Genuine Parts Company (NYSE:GPC) rating on Wednesday, April 19. Jefferies has “Hold” rating and $95 target. The firm has “Hold” rating given on Thursday, October 15 by BB&T Capital. On Monday, June 26 the stock rating was maintained by Jefferies with “Hold”. Gabelli upgraded it to “Buy” rating and $10100 target in Friday, July 21 report. 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 0.13% or $0.11 on August 18, reaching $81.6. About 626,510 shares traded. Genuine Parts Company (NYSE:GPC) has declined 1.45% since August 18, 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 $11.98 billion. The Company’s divisions include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other. It has a 17.65 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: Zacks.com which released: “Genuine Parts (GPC) Q2 Earnings Miss, Revenues Top (Revised) July 21, 2017” on July 21, 2017, also Zacks.com with their article: “Genuine Parts (GPC) Q2 Earnings Lag Estimates, Revenues Beat” published on July 20, 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: “Stock Of The Week: Genuine Parts” published on August 01, 2017 as well as Fool.com‘s news article titled: “Dividend stats on Genuine Parts” with publication date: August 09, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.