Genuine Parts Company (GPC) : Sonora Investment Management added new position in Genuine Parts Company during the most recent quarter end. The investment management firm now holds 24,374 shares of Genuine Parts Company which is valued at $2,388,896 , the company said in a statement filed on Oct 17, 2016 with the SEC.Genuine Parts Company makes up approximately 1.24% of Sonora Investment Management’s portfolio.
Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in GPC in the latest quarter, The investment management firm added 784 additional shares and now holds a total of 35,636 shares of Genuine Parts Company which is valued at $3,492,684. Genuine Parts Company makes up approx 0.08% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Carroll Financial Associates boosted its stake in GPC in the latest quarter, The investment management firm added 88 additional shares and now holds a total of 7,013 shares of Genuine Parts Company which is valued at $690,219. Genuine Parts Company makes up approx 0.10% of Carroll Financial Associates’s portfolio.
Genuine Parts Company opened for trading at $98.14 and hit $98.66 on the upside on Friday, eventually ending the session at $98.01, with a gain of 0.32% or 0.31 points. The heightened volatility saw the trading volume jump to 3,52,034 shares. Company has a market cap of $14,595 M.
On the company’s financial health, Genuine Parts Company reported $1.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 19, 2016. Analyst had a consensus of $1.29. The company had revenue of $3899.60 million for the quarter, compared to analysts expectations of $3975.85 million. The company’s revenue was down -1.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.28 EPS.
Many Wall Street Analysts have commented on Genuine Parts Company. Susquehanna Initiated Genuine Parts Company on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $102.
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts industrial replacement parts office products and electrical/electronic materials. The Company operates through four segments: Automotive Parts Group which distributes automotive parts and accessory items; Industrial Parts Group which distributes industrial replacement parts and related supplies; Office Products Group which is engaged in the wholesale distribution of a line of office and other business related products and Electrical/Electronic Materials Group which distributes materials to more than 20000 electrical and electronic manufacturers as well as industrial assembly and specialty wire and cable markets in North America. In 2014 the Company’s business was conducted from approximately 2600 locations throughout the United States Canada Mexico Australia and New Zealand.