Arizona State Retirement System Has Cut By $321,600 Its Waters (WAT) Holding; Genuine Parts Company (GPC) Sellers Increased By 54.03% Their Shorts

September 13, 2017 - By Adrian Erickson

Genuine Parts Company (NYSE:GPC) had an increase of 54.03% in short interest. GPC’s SI was 5.95 million shares in September as released by FINRA. Its up 54.03% from 3.86M shares previously. With 1.54 million avg volume, 4 days are for Genuine Parts Company (NYSE:GPC)’s short sellers to cover GPC’s short positions. The SI to Genuine Parts Company’s float is 4.13%. About 174,143 shares traded. Genuine Parts Company (NYSE:GPC) has declined 1.45% since September 13, 2016 and is downtrending. It has underperformed by 18.15% the S&P500.

Arizona State Retirement System decreased Waters Corp (WAT) stake by 7.77% reported in 2016Q4 SEC filing. Arizona State Retirement System sold 2,400 shares as Waters Corp (WAT)’s stock rose 13.72%. The Arizona State Retirement System holds 28,497 shares with $3.83 million value, down from 30,897 last quarter. Waters Corp now has $15.11B valuation. The stock declined 0.40% or $0.76 reaching $189.24 per share. About 136,645 shares traded. Waters Corporation (NYSE:WAT) has risen 30.08% since September 13, 2016 and is uptrending. It has outperformed by 13.38% the S&P500.

Arizona State Retirement System increased Reliance Steel & Aluminum (NYSE:RS) stake by 4,100 shares to 32,384 valued at $2.58 million in 2016Q4. It also upped Mastercard Inc A (NYSE:MA) stake by 16,100 shares and now owns 270,590 shares. Digital Realty Trust Inc (NYSE:DLR) was raised too.

Investors sentiment increased to 1.08 in 2016 Q4. Its up 0.23, from 0.85 in 2016Q3. It improved, as 47 investors sold WAT shares while 166 reduced holdings. 61 funds opened positions while 153 raised stakes. 72.18 million shares or 1.11% more from 71.39 million shares in 2016Q3 were reported. Moreover, Envestnet Asset Mgmt has 0% invested in Waters Corporation (NYSE:WAT). Korea Investment Corporation holds 74,145 shares. 24,139 were reported by Texas Permanent School Fund. Ubs Asset Management Americas has 235,314 shares for 0.04% of their portfolio. Pennsylvania Tru holds 5,159 shares or 0.05% of its portfolio. Ghp Investment Advisors invested in 0.16% or 6,450 shares. Amica Pension Fund Board Of Trustees holds 4,317 shares or 0.07% of its portfolio. Piedmont Invest Advsr Limited reported 230 shares. Blackrock Limited Liability Corp invested in 95,043 shares. Aberdeen Asset Mgmt Public Ltd Uk has 40,135 shares for 0.02% of their portfolio. Pggm Invs has 65,962 shares. Tocqueville Asset Management Lp accumulated 0% or 1,717 shares. 2,800 are held by Perkins Invest Mgmt Limited Liability Company. House Ltd Llc has 29,902 shares. 56,708 were accumulated by Gotham Asset Ltd Llc.

Among 14 analysts covering Waters Corporation (NYSE:WAT), 4 have Buy rating, 1 Sell and 9 Hold. Therefore 29% are positive. Waters Corporation had 32 analyst reports since July 29, 2015 according to SRatingsIntel. Morgan Stanley maintained Waters Corporation (NYSE:WAT) on Wednesday, July 26 with “Underweight” rating. The firm has “Outperform” rating given on Wednesday, July 29 by Wells Fargo. Cantor Fitzgerald maintained Waters Corporation (NYSE:WAT) on Tuesday, October 25 with “Buy” rating. The stock of Waters Corporation (NYSE:WAT) has “Hold” rating given on Monday, August 14 by Cowen & Co. Bank of America upgraded the stock to “Buy” rating in Thursday, September 10 report. The stock of Waters Corporation (NYSE:WAT) earned “Market Perform” rating by Leerink Swann on Wednesday, October 28. The stock of Waters Corporation (NYSE:WAT) has “Buy” rating given on Monday, August 24 by Zacks. The company was maintained on Wednesday, July 29 by Mizuho. The company was downgraded on Monday, July 10 by Deutsche Bank. Cantor Fitzgerald initiated Waters Corporation (NYSE:WAT) rating on Thursday, August 27. Cantor Fitzgerald has “Buy” rating and $163 target.

Since May 1, 2017, it had 0 insider purchases, and 15 insider sales for $27.18 million activity. 24,000 Waters Corporation (NYSE:WAT) shares with value of $4.21 million were sold by Harrington Michael C. $1.76M worth of Waters Corporation (NYSE:WAT) was sold by Khanna Rohit on Thursday, May 18. $3.40 million worth of Waters Corporation (NYSE:WAT) shares were sold by Kelly Terrence P. 16,000 shares valued at $2.84M were sold by Rae Elizabeth B on Wednesday, May 24. SILVEIRA MICHAEL F also sold $106,807 worth of Waters Corporation (NYSE:WAT) shares. On Monday, June 5 Cassis Eugene G sold $788,666 worth of Waters Corporation (NYSE:WAT) or 4,280 shares. $313,428 worth of Waters Corporation (NYSE:WAT) shares were sold by King Ian.

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 has market cap of $12.75 billion. The Company’s divisions include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other. It has a 18.78 P/E ratio. The automotive segment distributes replacement parts for all makes and models of automobiles, trucks and other vehicles.

Investors sentiment decreased to 0.9 in 2016 Q4. Its down 0.25, from 1.15 in 2016Q3. It fall, as 49 investors sold Genuine Parts Company shares while 211 reduced holdings. 50 funds opened positions while 208 raised stakes. 105.05 million shares or 2.36% more from 102.63 million shares in 2016Q3 were reported. Bb&T Secs Ltd Liability Com holds 63,557 shares. Hightower Advsrs Ltd Liability Corporation invested 0.16% of its portfolio in Genuine Parts Company (NYSE:GPC). Moreover, Columbia Asset Management has 0.17% invested in Genuine Parts Company (NYSE:GPC) for 5,255 shares. Next reported 330 shares or 0% of all its holdings. Montag A & Associates holds 0.39% of its portfolio in Genuine Parts Company (NYSE:GPC) for 34,338 shares. 25,729 were accumulated by Sei Investments Co. Moreover, Kerrisdale Advisers Limited Com has 1.83% invested in Genuine Parts Company (NYSE:GPC) for 19,394 shares. Commonwealth Equity Services, Massachusetts-based fund reported 51,211 shares. Prentiss Smith And holds 0.29% or 5,000 shares. M&T Savings Bank invested 0.03% in Genuine Parts Company (NYSE:GPC). Scopus Asset Mngmt Lp accumulated 0.27% or 127,000 shares. First Midwest Commercial Bank Division accumulated 0.11% or 9,857 shares. Ironwood Counsel Limited Liability Company holds 0.21% of its portfolio in Genuine Parts Company (NYSE:GPC) for 5,017 shares. State Of Tennessee Treasury Department holds 0.04% or 71,398 shares. Virtus Investment Advisers Inc invested in 84,698 shares.

Among 11 analysts covering Genuine Parts Company (NYSE:GPC), 2 have Buy rating, 2 Sell and 7 Hold. Therefore 18% are positive. Genuine Parts Company had 24 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Wedbush on Thursday, October 20 with “Neutral”. Gabelli upgraded Genuine Parts Company (NYSE:GPC) on Tuesday, October 20 to “Buy” rating. The company was downgraded on Friday, July 15 by Jefferies. The firm has “Hold” rating by BB&T Capital given on Thursday, October 15. The firm earned “Sell” rating on Thursday, July 6 by Goldman Sachs. The company was maintained on Thursday, July 20 by RBC Capital Markets. The stock has “Sell” rating by Goldman Sachs on Wednesday, September 30. The company was downgraded on Thursday, July 14 by Gabellu & Co.. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, July 21 report. The firm has “Hold” rating given on Monday, June 26 by Jefferies.

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