Genuine Parts Company (GPC) : Webster Bank N. A. reduced its stake in Genuine Parts Company by 2.81% during the most recent quarter end. The investment management company now holds a total of 2,353 shares of Genuine Parts Company which is valued at $230,618 after selling 68 shares in Genuine Parts Company , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Genuine Parts Company makes up approximately 0.03% of Webster Bank N. A.’s portfolio.
Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in GPC in the latest quarter, The investment management firm added 145 additional shares and now holds a total of 9,027 shares of Genuine Parts Company which is valued at $884,736. Genuine Parts Company makes up approx 0.08% of Reliance Trust Co Of Delaware’s portfolio.Msi Financial Services Inc boosted its stake in GPC in the latest quarter, The investment management firm added 566 additional shares and now holds a total of 9,330 shares of Genuine Parts Company which is valued at $911,541. Genuine Parts Company makes up approx 0.03% of Msi Financial Services Inc’s portfolio.Weaver C. Barksdale Associates boosted its stake in GPC in the latest quarter, The investment management firm added 1,887 additional shares and now holds a total of 9,669 shares of Genuine Parts Company which is valued at $940,697. Genuine Parts Company makes up approx 1.61% of Weaver C. Barksdale Associates’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in GPC by selling 707 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 38,023 shares of GPC which is valued at $3,736,520. Genuine Parts Company makes up approx 0.08% of Exxonmobil Investment Management Inc Tx’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.