Cincinnati Financial Corp Has Decreased Its Genuine Parts Ord (GPC) Position as Share Value Rose

October 13, 2018 - By Nellie Frank

Genuine Parts Company (NYSE:GPC) LogoInvestors sentiment decreased to 0.89 in 2018 Q2. Its down 0.06, from 0.95 in 2018Q1. It turned negative, as 34 investors sold GPC shares while 203 reduced holdings. 56 funds opened positions while 156 raised stakes. 107.87 million shares or 2.85% more from 104.87 million shares in 2018Q1 were reported. Utd Ser Automobile Association holds 41,561 shares or 0% of its portfolio. Charles Schwab Invest Advisory Inc owns 2.24 million shares for 0.38% of their portfolio. Cibc World Markets invested in 0.04% or 48,516 shares. Everence Capital Mngmt Inc holds 8,148 shares or 0.16% of its portfolio. Beach Investment Counsel Pa invested 0.09% in Genuine Parts Company (NYSE:GPC). 1,200 were accumulated by Numerixs Invest Tech Inc. Farmers Retail Bank holds 0.15% or 2,624 shares. Prentiss Smith Communication Inc reported 5,000 shares stake. Crawford Investment Counsel Incorporated has invested 2.48% in Genuine Parts Company (NYSE:GPC). Sabal Tru Company accumulated 283,150 shares or 2.47% of the stock. Barnett & stated it has 675 shares. The Texas-based Frontier Inv Mngmt has invested 0.02% in Genuine Parts Company (NYSE:GPC). Amer Natl Registered Inv Advisor Inc holds 4,000 shares or 0.18% of its portfolio. Dimensional Fund Advisors LP stated it has 873,951 shares or 0.03% of all its holdings. Qs Limited Liability Corp invested 0.07% in Genuine Parts Company (NYSE:GPC).

Since July 26, 2018, it had 0 insider purchases, and 1 insider sale for $50,145 activity.

Cincinnati Financial Corp decreased its stake in Genuine Parts Ord (GPC) by 18.23% based on its latest 2018Q2 regulatory filing with the SEC. Cincinnati Financial Corp sold 150,000 shares as the company’s stock rose 7.78% with the market. The institutional investor held 673,000 shares of the automotive aftermarket company at the end of 2018Q2, valued at $61.78M, down from 823,000 at the end of the previous reported quarter. Cincinnati Financial Corp who had been investing in Genuine Parts Ord for a number of months, seems to be less bullish one the $13.92 billion market cap company. The stock increased 0.11% or $0.1 during the last trading session, reaching $94.85. About 1.37 million shares traded or 103.67% up from the average. Genuine Parts Company (NYSE:GPC) has risen 17.65% since October 13, 2017 and is uptrending. It has outperformed by 2.03% the S&P500.

Analysts await Genuine Parts Company (NYSE:GPC) to report earnings on October, 18. They expect $1.49 EPS, up 28.45 % or $0.33 from last year’s $1.16 per share. GPC’s profit will be $218.67 million for 15.91 P/E if the $1.49 EPS becomes a reality. After $1.59 actual EPS reported by Genuine Parts Company for the previous quarter, Wall Street now forecasts -6.29 % negative EPS growth.

More important recent Genuine Parts Company (NYSE:GPC) news were published by: Streetinsider.com which released: “Genuine Parts (GPC) Announces Industrial And Automotive Acquisitions” on September 19, 2018, also Seekingalpha.com published article titled: “Staples wins battle for Essendant”, Streetinsider.com published: “Genuine Parts (GPC) Completed Acquisitions of UK Based Platinum International Group Limited and TMS Motor …” on October 05, 2018. More interesting news about Genuine Parts Company (NYSE:GPC) was released by: Investorplace.com and their article: “5 Dividend Stocks With 50-Plus Years of Annual Dividend Hikes” with publication date: September 19, 2018.

Genuine Parts Company (NYSE:GPC) Ratings Coverage

Among 3 analysts covering Genuine Parts Company (NYSE:GPC), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Genuine Parts Company had 3 analyst reports since April 17, 2018 according to SRatingsIntel. The rating was initiated by Guggenheim on Tuesday, April 17 with “Hold”. RBC Capital Markets maintained Genuine Parts Company (NYSE:GPC) rating on Thursday, April 19. RBC Capital Markets has “Hold” rating and $9400 target. Wedbush maintained the stock with “Neutral” rating in Friday, July 20 report.

Genuine Parts Company (NYSE:GPC) Institutional Positions Chart

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