As Genuine Parts Co. (GPC) Shares Declined, Schafer Cullen Capital Management Increased by $329,935 Its Holding; Micron Technology (MU) Share Value Rose While Dalton Investments Trimmed Its Stake

February 16, 2018 - By Pete Kolinski

Gifford Combs decreased its stake in Micron Technology Inc (MU) by 33.77% based on its latest 2017Q3 regulatory filing with the SEC. Dalton Investments Llc sold 244,659 shares as the company’s stock rose 19.14% with the market. The hedge fund run by Gifford Combs held 479,836 shares of the technology company at the end of 2017Q3, valued at $18.87M, down from 724,495 at the end of the previous reported quarter. Dalton Investments Llc who had been investing in Micron Technology Inc for a number of months, seems to be less bullish one the $51.48B market cap company. The stock increased 2.35% or $1.0206 during the last trading session, reaching $44.5206. About 42.33M shares traded or 0.61% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since February 16, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

Schafer Cullen Capital Management Inc increased its stake in Genuine Parts Co. (GPC) by 0.34% based on its latest 2017Q3 regulatory filing with the SEC. Schafer Cullen Capital Management Inc bought 3,473 shares as the company’s stock declined 8.49% while stock markets rallied. The hedge fund held 1.02M shares of the automotive aftermarket company at the end of 2017Q3, valued at $97.97M, up from 1.02 million at the end of the previous reported quarter. Schafer Cullen Capital Management Inc who had been investing in Genuine Parts Co. for a number of months, seems to be bullish on the $14.59B market cap company. The stock decreased 1.37% or $1.3823 during the last trading session, reaching $99.5277. About 799,812 shares traded. Genuine Parts Company (NYSE:GPC) has declined 1.45% since February 16, 2017 and is downtrending. It has underperformed by 18.15% the S&P500.

Schafer Cullen Capital Management Inc, which manages about $10.62B and $8.31 billion US Long portfolio, decreased its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 16,315 shares to 76,001 shares, valued at $11.16 million in 2017Q3, according to the filing. It also reduced its holding in Altria Group Inc. (NYSE:MO) by 92,707 shares in the quarter, leaving it with 1.94M shares, and cut its stake in Glaxosmithkline Plc (Adr) (NYSE:GSK).

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.06, from 0.9 in 2017Q2. It improved, as 46 investors sold GPC shares while 195 reduced holdings. 55 funds opened positions while 176 raised stakes. 108.15 million shares or 1.25% more from 106.82 million shares in 2017Q2 were reported. 22,781 are owned by Monarch Capital. Saturna Corp holds 386,390 shares. Hendershot Invests Incorporated owns 0.93% invested in Genuine Parts Company (NYSE:GPC) for 22,819 shares. Comerica Bancorp holds 51,396 shares or 0.03% of its portfolio. Northwestern Mutual Wealth Management holds 0% in Genuine Parts Company (NYSE:GPC) or 2,992 shares. Prudential Fincl reported 0.05% of its portfolio in Genuine Parts Company (NYSE:GPC). Price T Rowe Md owns 271,132 shares for 0% of their portfolio. State Of Alaska Department Of Revenue reported 0.05% in Genuine Parts Company (NYSE:GPC). Balyasny Asset Mngmt Limited Com holds 2,951 shares or 0% of its portfolio. Homrich & Berg stated it has 0.15% in Genuine Parts Company (NYSE:GPC). Argyle Capital Mgmt owns 39,447 shares. Tower Rech Capital Ltd Company (Trc) reported 1,247 shares. Hyman Charles D holds 0.14% of its portfolio in Genuine Parts Company (NYSE:GPC) for 11,403 shares. Fdx Advsrs Inc holds 0.05% of its portfolio in Genuine Parts Company (NYSE:GPC) for 18,069 shares. First Advsrs Lp holds 0.09% of its portfolio in Genuine Parts Company (NYSE:GPC) for 345,575 shares.

Among 12 analysts covering Genuine Parts Company (NYSE:GPC), 2 have Buy rating, 3 Sell and 7 Hold. Therefore 17% are positive. Genuine Parts Company had 29 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained Genuine Parts Company (NYSE:GPC) rating on Monday, February 12. RBC Capital Markets has “Hold” rating and $107.0 target. The rating was initiated by Susquehanna with “Neutral” on Friday, August 26. The firm has “Hold” rating given on Thursday, July 20 by RBC Capital Markets. The firm earned “Hold” rating on Friday, October 20 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, September 15 by Jefferies. As per Wednesday, September 30, the company rating was downgraded by Goldman Sachs. On Tuesday, July 21 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. RBC Capital Markets maintained it with “Hold” rating and $85.0 target in Friday, September 8 report. RBC Capital Markets maintained the shares of GPC in report on Tuesday, October 20 with “Sector Perform” rating. Goldman Sachs downgraded it to “Sell” rating and $89 target in Thursday, July 6 report.

Since August 16, 2017, it had 0 insider buys, and 13 selling transactions for $12.60 million activity. The insider BAILEY ROBERT L sold $129,520. Shares for $701,730 were sold by Deboer Scott J. $765,485 worth of Micron Technology, Inc. (NASDAQ:MU) shares were sold by Mondry Lawrence N. $3.09 million worth of Micron Technology, Inc. (NASDAQ:MU) was sold by Poppen Joel L on Friday, September 29. On Friday, September 1 the insider ARNZEN APRIL S sold $10,507.

Among 42 analysts covering Micron Technology Inc. (NASDAQ:MU), 36 have Buy rating, 0 Sell and 6 Hold. Therefore 86% are positive. Micron Technology Inc. had 214 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, February 6. The company was maintained on Wednesday, October 5 by Morgan Stanley. The stock has “Buy” rating by Nomura on Thursday, August 25. The stock has “Buy” rating by Mizuho on Thursday, December 22. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Buy” rating by Deutsche Bank on Monday, March 21. On Tuesday, June 20 the stock rating was maintained by J.P. Morgan with “Buy”. Pacific Crest maintained it with “Overweight” rating and $13 target in Thursday, March 31 report. As per Tuesday, August 18, the company rating was maintained by Deutsche Bank. As per Wednesday, September 27, the company rating was maintained by Goldman Sachs. The rating was maintained by Mizuho on Thursday, August 17 with “Buy”.

Investors sentiment increased to 1.37 in Q3 2017. Its up 0.29, from 1.08 in 2017Q2. It improved, as 52 investors sold MU shares while 205 reduced holdings. 114 funds opened positions while 237 raised stakes. 886.67 million shares or 6.47% more from 832.79 million shares in 2017Q2 were reported. Etrade Cap Management owns 29,539 shares for 0.04% of their portfolio. Citadel Advsr Ltd Limited Liability Company invested in 3.67M shares or 0.11% of the stock. Zeke Advsrs Lc owns 19,435 shares for 0.1% of their portfolio. Usca Ria Lc invested in 83,970 shares or 0.32% of the stock. Cibc Asset Management Inc stated it has 0.03% in Micron Technology, Inc. (NASDAQ:MU). Columbia Prtn L L C Investment Mgmt invested 0.09% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Marshall Wace Ltd Liability Partnership holds 1.71% or 943,035 shares in its portfolio. Comerica Bankshares reported 263,120 shares or 0.08% of all its holdings. Manufacturers Life Ins Communications The owns 0.07% invested in Micron Technology, Inc. (NASDAQ:MU) for 1.54M shares. Amica Retiree Medical Trust has 5,664 shares. Amalgamated Commercial Bank owns 125,815 shares or 0.15% of their US portfolio. Pub Employees Retirement Of Ohio invested in 0.15% or 711,772 shares. 118,927 are held by Northpointe Capital Lc. Bridgewater Assocs LP reported 0.03% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). New Mexico Educational Retirement Board has 96,625 shares.

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