Genuine Parts Co (GPC) Holder Suntrust Banks INC Has Decreased Its Stake by $26.99 Million as Market Value Rose

Genuine Parts Company (NYSE:GPC) LogoInvestors sentiment increased to 1.09 in 2018 Q4. Its up 0.05, from 1.04 in 2018Q3. It increased, as 30 investors sold GPC shares while 199 reduced holdings. 83 funds opened positions while 167 raised stakes. 107.57 million shares or 5.33% less from 113.63 million shares in 2018Q3 were reported. Bb&T Corp has invested 0.25% in Genuine Parts Company (NYSE:GPC). Gotham Asset Mgmt Limited Com has invested 0.39% in Genuine Parts Company (NYSE:GPC). Moreover, Gateway Inv Advisers has 0.17% invested in Genuine Parts Company (NYSE:GPC). Element Capital Mgmt Ltd owns 0.14% invested in Genuine Parts Company (NYSE:GPC) for 49,877 shares. Willis Counsel stated it has 224,300 shares. Kentucky Retirement Insur Trust Fund holds 0.07% or 2,903 shares. Massachusetts-based Eaton Vance has invested 0.07% in Genuine Parts Company (NYSE:GPC). Connor Clark Lunn Invest Mngmt Ltd accumulated 29,400 shares. 10,585 were reported by Schmidt P J Investment Mngmt. Kornitzer Cap Mngmt Ks has invested 0.02% in Genuine Parts Company (NYSE:GPC). Palisade Asset Mgmt reported 31,860 shares. Prelude Capital Mgmt Limited Liability holds 0.02% or 3,885 shares. Fulton Breakefield Broenniman Ltd accumulated 74,589 shares or 1.27% of the stock. Tudor Investment Et Al has invested 0.01% in Genuine Parts Company (NYSE:GPC). Tiemann Invest Advsrs Ltd Co invested in 0.25% or 2,850 shares.

Since November 26, 2018, it had 1 buying transaction, and 0 sales for $50,405 activity.

Suntrust Banks Inc decreased its stake in Genuine Parts Co (GPC) by 9.21% based on its latest 2018Q4 regulatory filing with the SEC. Suntrust Banks Inc sold 281,142 shares as the company’s stock rose 4.46% with the market. The institutional investor held 2.77 million shares of the automotive aftermarket company at the end of 2018Q4, valued at $266.06M, down from 3.05 million at the end of the previous reported quarter. Suntrust Banks Inc who had been investing in Genuine Parts Co for a number of months, seems to be less bullish one the $15.62 billion market cap company. The stock decreased 0.05% or $0.05 during the last trading session, reaching $107.05. About 3.14M shares traded or 209.31% up from the average. Genuine Parts Company (NYSE:GPC) has risen 18.71% since March 17, 2018 and is uptrending. It has outperformed by 14.34% the S&P500.

Suntrust Banks Inc, which manages about $17.39 billion US Long portfolio, upped its stake in American Tower Corp New (NYSE:AMT) by 20,995 shares to 52,768 shares, valued at $8.35 million in 2018Q4, according to the filing. It also increased its holding in Abbvie Inc (NYSE:ABBV) by 48,379 shares in the quarter, for a total of 985,034 shares, and has risen its stake in Vanguard Index Fds (VUG).

Analysts await Genuine Parts Company (NYSE:GPC) to report earnings on April, 18. They expect $1.32 earnings per share, up 3.94 % or $0.05 from last year’s $1.27 per share. GPC’s profit will be $192.64M for 20.27 P/E if the $1.32 EPS becomes a reality. After $1.35 actual earnings per share reported by Genuine Parts Company for the previous quarter, Wall Street now forecasts -2.22 % negative EPS growth.

More notable recent Genuine Parts Company (NYSE:GPC) news were published by: Seekingalpha.com which released: “Expected Dividend Increases In March 2019 – Seeking Alpha” on February 28, 2019, also Seekingalpha.com with their article: “Genuine Parts Q4 2018 Earnings Preview – Seeking Alpha” published on February 18, 2019, Seekingalpha.com published: “Dividend Champion Spotlight: Genuine Parts Company – Seeking Alpha” on August 31, 2018. More interesting news about Genuine Parts Company (NYSE:GPC) were released by: Benzinga.com and their article: “Earnings Scheduled For February 19, 2019 – Benzinga” published on February 19, 2019 as well as Azcentral.com‘s news article titled: “Looking to invest? These 10 companies have raised dividends for 50 years or more – AZCentral.com” with publication date: March 09, 2019.

Genuine Parts Company (NYSE:GPC) Ratings Coverage

Among 3 analysts covering Genuine Parts (NYSE:GPC), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Genuine Parts had 4 analyst reports since October 30, 2018 according to SRatingsIntel. Bank of America downgraded Genuine Parts Company (NYSE:GPC) on Tuesday, October 30 to “Underperform” rating. Jefferies maintained the shares of GPC in report on Tuesday, February 19 with “Hold” rating. The firm earned “Hold” rating on Wednesday, February 20 by RBC Capital Markets.

Genuine Parts Company (NYSE:GPC) Institutional Positions Chart

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