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

June 20, 2017 - By Hazel Jackson

 Were Analysts Bullish Genuine Parts Company (NYSE:GPC) This Week?
Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.21, from 1.2 in 2016Q3. It dropped, 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.
2,553 were accumulated by Johnson Financial Grp. Vident Inv Advisory Limited Liability Co holds 0.26% in Genuine Parts Company (NYSE:GPC) or 22,995 shares. Ahl Prtnrs Ltd Liability Partnership has invested 0.07% in Genuine Parts Company (NYSE:GPC). The New York-based D E Shaw & Company has invested 0.02% in Genuine Parts Company (NYSE:GPC). Columbia Prtnrs L L C invested in 6,900 shares. Tctc Ltd Liability Com owns 0.03% invested in Genuine Parts Company (NYSE:GPC) for 4,418 shares. Alyeska Invest Group Inc L P holds 0.2% or 230,817 shares. South State Corporation reported 7,366 shares. 79,487 are held by Nuance Invs Ltd Liability. Buckhead Capital Mngmt Ltd reported 0.1% stake. Tarbox owns 0% invested in Genuine Parts Company (NYSE:GPC) for 37 shares. 8,173 are owned by Cubist Systematic Strategies Lc. Sun Life Fincl owns 8 shares. Janney Montgomery Scott Llc holds 104,712 shares or 0.15% of its portfolio. One Association, a New York-based fund reported 5,126 shares.

Genuine Parts Company (NYSE:GPC) Ratings Coverage

Among 11 analysts covering Genuine Parts Company (NYSE:GPC), 2 have Buy rating, 1 Sell and 8 Hold. Therefore 18% are positive. Genuine Parts Company had 18 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Wednesday, April 19. The stock of Genuine Parts Company (NYSE:GPC) has “Neutral” rating given on Thursday, October 20 by Wedbush. RBC Capital Markets maintained it with “Sector Perform” rating and $95 target in Tuesday, July 21 report. The stock of Genuine Parts Company (NYSE:GPC) has “Sector Perform” rating given on Tuesday, October 20 by RBC Capital Markets. As per Thursday, January 19, the company rating was upgraded by Goldman Sachs. The rating was downgraded by BB&T Capital on Thursday, October 15 to “Hold”. Gabelli upgraded the stock to “Buy” rating in Tuesday, October 20 report. The stock of Genuine Parts Company (NYSE:GPC) has “Buy” rating given on Tuesday, September 15 by Jefferies. The stock has “Hold” rating by Jefferies on Friday, July 15. RBC Capital Markets maintained the shares of GPC in report on Thursday, April 20 with “Sector Perform” rating. Below is a list of Genuine Parts Company (NYSE:GPC) latest ratings and price target changes.

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
19/01/2017 Broker: Goldman Sachs Old Rating: Sell New Rating: Neutral Upgrade

The stock decreased 2.22% or $2.12 during the last trading session, reaching $93.49. About shares traded. Genuine Parts Company (NYSE:GPC) has declined 1.45% since June 20, 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 $13.89 billion. The Company’s divisions include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other. It has a 20.25 P/E ratio. The automotive segment distributes replacement parts for all makes and models of automobiles, trucks and other vehicles.

More news for Genuine Parts Company (NYSE:GPC) were recently published by: Seekingalpha.com, which released: “Genuine Parts In The Garden Portfolio” on June 10, 2017. Nasdaq.com‘s article titled: “Genuine Parts Company (GPC) Ex-Dividend Date Scheduled for June 07, 2017” and published on June 06, 2017 is yet another important article.

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