Nucor (NUE) Reaches $68.54 After 3.00% Up Move; Genuine Parts Co (GPC)’s Sentiment Is 0.96

February 18, 2018 - By Adrian Mccoy

Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Canada, Australia, New Zealand, Mexico, and Puerto Rico. The company has market cap of $14.64 billion. It distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items used in the automotive aftermarket, including repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores. It has a 22.34 P/E ratio. The firm also distributes industrial replacement parts and related supplies, such as bearings, mechanical and electrical power transmission products, industrial automation products, hoses, hydraulic and pneumatic components, industrial supplies, and material handling products primarily for food and beverage, forest products, primary metal, pulp and paper, mining, automotive, gas and oil, petrochemical, and pharmaceutical industries through 483 branches, 13 distribution centers, and 43 service centers.

The stock of Nucor Corporation (NYSE:NUE) is a huge mover today! The stock increased 4.51% or $2.96 during the last trading session, reaching $68.54. About 5.31M shares traded or 69.61% up from the average. Nucor Corporation (NYSE:NUE) has risen 21.74% since February 18, 2017 and is uptrending. It has outperformed by 5.04% the S&P500.The move comes after 6 months positive chart setup for the $21.79 billion company. It was reported on Feb, 18 by Barchart.com. We have $70.60 PT which if reached, will make NYSE:NUE worth $653.70M more.

The stock decreased 1.07% or $1.08 during the last trading session, reaching $99.83. About 1.11M shares traded or 29.85% up from the average. Genuine Parts Company (GPC) has declined 1.45% since February 18, 2017 and is downtrending. It has underperformed by 18.15% the S&P500.

Cincinnati Indemnity Co holds 5.61% of its portfolio in Genuine Parts Company for 15,000 shares. Fidelity National Financial Inc. owns 195,950 shares or 4.11% of their US portfolio. Moreover, Cincinnati Financial Corp has 3.58% invested in the company for 823,000 shares. The Georgia-based Rowland & Co Investment Counsel Adv has invested 2.7% in the stock. Cullen Capital Management Llc, a New York-based fund reported 804,405 shares.

Analysts await Genuine Parts Company (NYSE:GPC) to report earnings on February, 20. They expect $1.06 earnings per share, up 3.92% or $0.04 from last year’s $1.02 per share. GPC’s profit will be $155.41 million for 23.54 P/E if the $1.06 EPS becomes a reality. After $1.16 actual earnings per share reported by Genuine Parts Company for the previous quarter, Wall Street now forecasts -8.62% negative EPS growth.

Ratings analysis reveals 0 of Genuine Parts’s analysts are positive. Out of 4 Wall Street analysts rating Genuine Parts, 0 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $95.0 while the high is $102.0. The stock’s average target of $98.50 is -1.33% below today’s ($99.83) share price. GPC was included in 4 notes of analysts from August 26, 2016. The stock of Genuine Parts Company (NYSE:GPC) has “Neutral” rating given on Thursday, January 19 by Goldman Sachs. Atlantic Securities initiated Genuine Parts Company (NYSE:GPC) on Wednesday, December 14 with “Neutral” rating. Wedbush maintained Genuine Parts Company (NYSE:GPC) rating on Thursday, October 20. Wedbush has “Neutral” rating and $95.0 target. Susquehanna initiated the shares of GPC in report on Friday, August 26 with “Neutral” rating.

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.35, from 1.24 in 2017Q2. It dived, as 62 investors sold Nucor Corporation shares while 223 reduced holdings. 59 funds opened positions while 196 raised stakes. 232.46 million shares or 1.40% less from 235.76 million shares in 2017Q2 were reported. Susquehanna Int Group Llp has 97,936 shares for 0% of their portfolio. Walleye Trading Limited Liability Co accumulated 42,178 shares. 13,976 are held by Parkwood Limited Liability Com. Salem Invest Counselors owns 0.01% invested in Nucor Corporation (NYSE:NUE) for 890 shares. Davidson Garrard reported 38,466 shares. Pittenger Anderson reported 4,308 shares or 0.02% of all its holdings. 7,487 were reported by National Bank & Trust. South State holds 0.37% or 59,515 shares. Bank & Trust Of America De holds 3.91M shares or 0.03% of its portfolio. Capital Intll Invsts invested in 0.24% or 3.64M shares. Kentucky Retirement holds 19,590 shares. Covenant Multifamily Offices Limited Liability Company invested in 0.5% or 13,218 shares. Private Advisor Gp has invested 0.02% in Nucor Corporation (NYSE:NUE). Webster Savings Bank N A accumulated 0.07% or 8,543 shares. Advisory Svcs Network Limited Liability, Georgia-based fund reported 9,617 shares.

Among 19 analysts covering Nucor Corporation (NYSE:NUE), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Nucor Corporation had 80 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was upgraded by Berenberg to “Buy” on Wednesday, November 2. Rosenblatt maintained it with “Neutral” rating and $51 target in Tuesday, May 10 report. The firm earned “Hold” rating on Monday, November 14 by Berenberg. The rating was maintained by BMO Capital Markets with “Hold” on Friday, November 17. Berenberg downgraded the stock to “Hold” rating in Friday, July 22 report. The stock of Nucor Corporation (NYSE:NUE) earned “Buy” rating by Jefferies on Wednesday, January 31. The firm earned “Hold” rating on Monday, April 24 by BMO Capital Markets. The firm has “Buy” rating given on Wednesday, October 14 by Berenberg. On Thursday, July 20 the stock rating was maintained by Cowen & Co with “Hold”. The firm has “Hold” rating given on Friday, August 25 by BMO Capital Markets.

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. The company has market cap of $21.79 billion. It operates in three divisions: Steel Mills, Steel Products, and Raw Materials. It has a 16.72 P/E ratio. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; structural steel products, including wide-flange beams, beam blanks, H-piling, and sheet pilings; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, wire rods, and special bar quality; and tubular and plate steel products.

Since September 19, 2017, it had 0 buys, and 3 sales for $1.59 million activity. The insider Utermark D. Chad sold 9,003 shares worth $537,659. Another trade for 2,500 shares valued at $137,912 was made by HAYNES VICTORIA F on Tuesday, September 19. Another trade for 15,131 shares valued at $913,959 was sold by FERRIOLA JOHN J.

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