Genuine Parts Ord (GPC) Shareholder Cincinnati Financial Corp Has Trimmed Its Holding as Stock Price Rose

October 13, 2018 - By Pete Kolinski

Genuine Parts Company (NYSE:GPC) LogoInvestors sentiment decreased to 0.89 in 2018 Q2. Its down 0.06, from 0.95 in 2018Q1. It dropped, 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. Bp Public Limited Liability Company stated it has 0.05% of its portfolio in Genuine Parts Company (NYSE:GPC). Moreover, Fruth Inv Management has 0.24% invested in Genuine Parts Company (NYSE:GPC). Covington Invest Advsr Inc stated it has 39,740 shares. Bessemer Gp Inc Inc reported 0.02% of its portfolio in Genuine Parts Company (NYSE:GPC). Moreover, Grandfield & Dodd Limited Com has 0.03% invested in Genuine Parts Company (NYSE:GPC) for 2,592 shares. Botty Investors Llc invested 1.28% in Genuine Parts Company (NYSE:GPC). Hyman Charles D owns 12,945 shares or 0.13% of their US portfolio. Nomura Asset Management Ltd stated it has 0.03% in Genuine Parts Company (NYSE:GPC). State Treasurer State Of Michigan accumulated 0.03% or 43,432 shares. Private Company Na holds 2,529 shares or 0.05% of its portfolio. Aqr Capital Mngmt accumulated 0% or 32,214 shares. Sg Americas Securities Limited Liability accumulated 0.01% or 15,145 shares. First Interstate Commercial Bank reported 20 shares. Wesbanco National Bank reported 4,008 shares. Moreover, Horizon Invests Ltd Liability has 0.05% invested in Genuine Parts Company (NYSE:GPC).

Since July 26, 2018, it had 0 insider buys, and 1 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 $218.67M 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: which released: “5 Dividend Stocks With 50-Plus Years of Annual Dividend Hikes” on September 19, 2018, also published article titled: “Genuine Parts (GPC) Announces Industrial And Automotive Acquisitions”, published: “Staples wins battle for Essendant” on September 14, 2018. More interesting news about Genuine Parts Company (NYSE:GPC) was released by: and their article: “Genuine Parts (GPC) Completed Acquisitions of UK Based Platinum International Group Limited and TMS Motor …” with publication date: October 05, 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 firm has “Neutral” rating given on Friday, July 20 by Wedbush. Guggenheim initiated Genuine Parts Company (NYSE:GPC) on Tuesday, April 17 with “Hold” rating. The firm has “Hold” rating given on Thursday, April 19 by RBC Capital Markets.

Genuine Parts Company (NYSE:GPC) Institutional Positions Chart

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