Economy

Genuine Parts Co (GPC) Position Has Raised by Crawford Investment Counsel Inc

Genuine Parts Co (GPC) Position Has Raised by Crawford Investment Counsel Inc

The stock increased 2.52% or $2.5 during the last trading session, reaching $101.9.

Janus Henderson Group PLC boosted its stake in Genuine Parts (NYSE:GPC) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. It has underperformed by 20.00% the S&P500.

Genuine Parts (NYSE:GPC) - Analysts at Wedbush lifted their FY2017 earnings estimates for shares of Genuine Parts in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. Marietta Wealth Management LLC now owns 5,235 shares of the specialty retailer's stock worth $486,000 after acquiring an additional 67 shares during the period. The institutional investor held 289,832 shares of the automotive aftermarket company at the end of 2017Q3, valued at $27.72M, down from 307,296 at the end of the previous reported quarter. The stock decreased 0.02% or $0.04 during the last trading session, reaching $174.29. About 912,939 shares traded or 10.27% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 11, 2017 and is uptrending. It has outperformed by 75.15% the S&P500.

Eaton Vance Management, which manages about $88.88 billion and $38.70B US Long portfolio, upped its stake in Lam Research Corp (NASDAQ:LRCX) by 6,800 shares to 35,150 shares, valued at $6.50 million in 2017Q3, according to the filing. (NYSE:SCCO) by 160,700 shares in the quarter, leaving it with 348,900 shares, and cut its stake in Allstate Corporation (NYSE:ALL). Blackrock Inc owns 0.08% invested in Genuine Parts Company (NYSE:GPC) for 15.89 million shares.

Investors sentiment decreased to 1.06 in 2017 Q3. Its up 0.06, from 0.9 in 2017Q2. Columbus Circle stated it has 369,690 shares or 0.26% of all its holdings. Stone Run Ltd Llc reported 7,986 shares stake. Bancshares Of Montreal Can reported 74,127 shares. Pinnacle Associates Ltd accumulated 2,160 shares or 0% of the stock. Fdx Advisors invested 0.07% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Texas Permanent School Fund reported 40,691 shares or 0.05% of all its holdings. Advisory Svcs Network Limited Liability Corp owns 2,643 shares. The company has its outstanding shares of 146.48M. Smithfield Tru has 0% invested in Barnes & Noble, Inc. Morgan Stanley reported 96,845 shares. Amica Pension Fund Board Of Trustees holds 6,509 shares or 0.07% of its portfolio. Old Mutual Customised Solutions (Proprietary) Limited holds 0.05% in Genuine Parts Company (NYSE:GPC) or 3,641 shares. Therefore 53% are positive. The stock has "Sell" rating by Goldman Sachs on Thursday, July 6. They set a "sell" rating for the company. The firm earned "Sector Perform" rating on Tuesday, October 20 by RBC Capital Markets. On Thursday, October 15 the stock rating was downgraded by BB&T Capital to "Hold". Gabelli upgraded the shares of GPC in report on Tuesday, October 20 to "Buy" rating. On Monday, September 11 the stock rating was maintained by RBC Capital Markets with "Sell". Riccio Daniel J. sold $2.65 million worth of stock or 15,641 shares.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on January, 19. Pinnacle Assoc Ltd holds 0% or 2,160 shares in its portfolio. GPC's profit will be $155.41M for 23.48 P/E if the $1.06 EPS becomes a reality. Finally, FTB Advisors Inc. boosted its stake in Genuine Parts Company by 50.0% in the second quarter.

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Investors sentiment is 0.88 in Q3 2017. Its down 0.47, from 1.93 in 2017Q2.

A number of other large investors have also bought and sold shares of GPC.

A number of other hedge funds have also made changes to their positions in GPC. The specialty retailer reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.12). Farmers & Merchants Invs reported 52,991 shares. Genuine Parts Co now has $14.94B valuation. Bronfman E.L. Rothschild L.P. now owns 1,906 shares of the specialty retailer's stock worth $177,000 after buying an additional 1,147 shares during the last quarter. Van Strum Towne Inc holds 2.97% in Schlumberger Limited (NYSE:SLB) or 65,514 shares. Nuveen Asset Mngmt Lc holds 0% in Genuine Parts Company (NYSE:GPC) or 7,281 shares. Utah Retirement System reported 26,367 shares. Westwood Group Inc Inc stated it has 68,105 shares or 0.05% of all its holdings. 41,037 were reported by Manning & Napier Advsr Ltd Liability Corp. Ubs Asset Management Americas holds 13,899 shares.

Akers Biosciences, Inc., together with its subsidiaries, develops, makes, and supplies rapid screening and testing products created to deliver healthcare information to healthcare providers and clients in the United States and internationally. Sumitomo Mitsui Asset Management Communication holds 8,773 shares or 0.01% of its portfolio.

Want to see what other hedge funds are holding GPC? (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 17% are positive. Royal Bank of Canada raised their price objective on Genuine Parts from $85.00 to $98.00 and gave the company a "sector perform" rating in a report on Tuesday, September 26th. The firm has "Hold" rating by RBC Capital Markets given on Friday, November 10. The rating was maintained by Jefferies with "Hold" on Wednesday, October 11. The rating was downgraded by Gabellu & Co. on Thursday, July 14 to "Hold". As per Thursday, July 20, the company rating was maintained by RBC Capital Markets. Finally, Gabelli reaffirmed a "buy" rating on shares of Genuine Parts in a research note on Friday, October 20th. Goldman Sachs has "Sell" rating and $89 target. The firm earned "Sell" rating on Wednesday, September 30 by Goldman Sachs. The firm earned "Hold" rating on Friday, September 8 by Jefferies. Citigroup maintained the stock with "Hold" rating in Wednesday, August 19 report.

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