As Genuine Parts Co (GPC) Stock Price Declined, Hendershot Investments INC Has Boosted Its Position

April 17, 2018 - By Adrian Mccoy

Genuine Parts Company (NYSE:GPC) LogoInvestors sentiment decreased to 0.94 in Q4 2017. Its down 0.02, from 0.96 in 2017Q3. It fall, as 39 investors sold GPC shares while 202 reduced holdings. 56 funds opened positions while 171 raised stakes. 106.29 million shares or 1.72% less from 108.15 million shares in 2017Q3 were reported. 2,385 were accumulated by Genesee Valley. Riverhead Cap Ltd Co reported 0.04% in Genuine Parts Company (NYSE:GPC). Bbva Compass Bancshares stated it has 9,783 shares. Meiji Yasuda Asset Co Ltd reported 0.09% of its portfolio in Genuine Parts Company (NYSE:GPC). Roundview Cap Llc accumulated 6,825 shares. Acadian Asset Mngmt Lc, a Massachusetts-based fund reported 135 shares. Transamerica Fincl Advsr holds 120 shares or 0% of its portfolio. Warren Averett Asset Mngmt Limited Liability Corporation reported 0.12% in Genuine Parts Company (NYSE:GPC). Sg Americas Securities Ltd Llc has 0.02% invested in Genuine Parts Company (NYSE:GPC) for 26,083 shares. Jensen Inv owns 5,950 shares. Pinnacle Financial reported 4,033 shares stake. The California-based Bank & Trust Of The West has invested 0.04% in Genuine Parts Company (NYSE:GPC). Vigilant Capital Management Ltd Liability Corporation has 0% invested in Genuine Parts Company (NYSE:GPC) for 203 shares. Bokf Na reported 12,094 shares or 0.03% of all its holdings. Sun Life Incorporated stated it has 0% of its portfolio in Genuine Parts Company (NYSE:GPC).

Hendershot Investments Inc increased its stake in Genuine Parts Co (GPC) by 155.7% based on its latest 2017Q4 regulatory filing with the SEC. Hendershot Investments Inc bought 35,530 shares as the company’s stock declined 6.84% with the market. The institutional investor held 58,349 shares of the automotive aftermarket company at the end of 2017Q4, valued at $5.54M, up from 22,819 at the end of the previous reported quarter. Hendershot Investments Inc who had been investing in Genuine Parts Co for a number of months, seems to be bullish on the $13.32 billion market cap company. The stock increased 0.14% or $0.1309 during the last trading session, reaching $90.7909. About 241,270 shares traded. Genuine Parts Company (NYSE:GPC) has declined 4.48% since April 17, 2017 and is downtrending. It has underperformed by 16.03% the S&P500.

Genuine Parts Company (NYSE:GPC) Ratings Coverage

Among 4 analysts covering Genuine Parts Company (NYSE:GPC), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Genuine Parts Company had 7 analyst reports since October 20, 2017 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Friday, October 20. The stock of Genuine Parts Company (NYSE:GPC) has “Neutral” rating given on Friday, April 13 by Bank of America. The rating was maintained by JP Morgan with “Neutral” on Wednesday, February 21. RBC Capital Markets maintained the shares of GPC in report on Monday, February 12 with “Hold” rating. The firm has “Underperform” rating given on Wednesday, February 21 by Bank of America. RBC Capital Markets maintained Genuine Parts Company (NYSE:GPC) on Friday, November 10 with “Hold” rating.

Genuine Parts Company (NYSE:GPC) Institutional Positions Chart

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