Opus Investment Management Cut By $427,500 Its Genuine Parts Co. (GPC) Position; Simpson Manufacturing Co Has 1.37 Sentiment

January 13, 2018 - By Hazel Jackson

Opus Investment Management Inc decreased Genuine Parts Co. (GPC) stake by 33.83% reported in 2017Q3 SEC filing. Opus Investment Management Inc sold 4,500 shares as Genuine Parts Co. (GPC)’s stock declined 8.49%. The Opus Investment Management Inc holds 8,800 shares with $842,000 value, down from 13,300 last quarter. Genuine Parts Co. now has $15.14B valuation. The stock increased 1.35% or $1.38 during the last trading session, reaching $103.28. About 1.03 million shares traded or 22.13% up from the average. Genuine Parts Company (NYSE:GPC) has declined 1.45% since January 13, 2017 and is downtrending. It has underperformed by 18.15% the S&P500.

Simpson Manufacturing Co., Inc., through its subsidiaries, designs, engineers, makes, and sells building construction products. The company has market cap of $2.79 billion. The firm offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications. It has a 29.03 P/E ratio. It also provides wood shrinkage compensating devices; ornamental product line; cold formed steel connections; structural screws for wood, metal, and composite decking applications; and mechanical anchors for use in hollow wall conditions and for overhead applications.

Analysts await Genuine Parts Company (NYSE:GPC) to report earnings on February, 20. They expect $1.06 earnings per share, up 3.92% or $0.04 from last year’s $1.02 per share. GPC’s profit will be $155.41 million for 24.36 P/E if the $1.06 EPS becomes a reality. After $1.16 actual earnings per share reported by Genuine Parts Company for the previous quarter, Wall Street now forecasts -8.62% negative EPS growth.

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.06, from 0.9 in 2017Q2. It is positive, as 46 investors sold GPC shares while 195 reduced holdings. 55 funds opened positions while 176 raised stakes. 108.15 million shares or 1.25% more from 106.82 million shares in 2017Q2 were reported. Maryland-based Sandy Spring Bank has invested 0% in Genuine Parts Company (NYSE:GPC). Bontempo Ohly Cap Ltd Liability reported 20,416 shares or 1.51% of all its holdings. Sumitomo Mitsui Trust Inc holds 0.06% or 430,534 shares. Bnp Paribas Asset reported 0.01% of its portfolio in Genuine Parts Company (NYSE:GPC). Marco Invest Management Ltd Llc holds 0.61% of its portfolio in Genuine Parts Company (NYSE:GPC) for 40,266 shares. Fulton Breakefield Broenniman Ltd invested in 1.38% or 82,978 shares. Farmers & Merchants has invested 0.4% in Genuine Parts Company (NYSE:GPC). Zebra Capital Management Ltd Liability invested in 17,711 shares. Amundi Pioneer Asset Mgmt reported 186,187 shares. Old National Bank In holds 10,514 shares or 0.05% of its portfolio. Cubist Systematic Strategies Ltd Liability Co reported 12,984 shares. 3,401 are held by Profund Advisors Limited Liability Co. Frontier Invest Management reported 3,507 shares. The New York-based Schafer Cullen Cap has invested 1.18% in Genuine Parts Company (NYSE:GPC). American Registered Invest Advisor Incorporated reported 4,000 shares stake.

Among 12 analysts covering Genuine Parts Company (NYSE:GPC), 2 have Buy rating, 3 Sell and 7 Hold. Therefore 17% are positive. Genuine Parts Company had 28 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Gabelli given on Friday, July 21. The stock has “Neutral” rating by Atlantic Securities on Wednesday, December 14. BB&T Capital downgraded Genuine Parts Company (NYSE:GPC) on Thursday, October 15 to “Hold” rating. The stock of Genuine Parts Company (NYSE:GPC) has “Buy” rating given on Tuesday, October 20 by Gabelli. The company was maintained on Friday, May 26 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, April 20. The stock of Genuine Parts Company (NYSE:GPC) has “Sector Perform” rating given on Tuesday, October 20 by RBC Capital Markets. Goldman Sachs upgraded the shares of GPC in report on Thursday, January 19 to “Neutral” rating. As per Thursday, July 14, the company rating was downgraded by Gabellu & Co.. Goldman Sachs downgraded the shares of GPC in report on Wednesday, September 30 to “Sell” rating.

Cornerstone Capital Inc. holds 3.35% of its portfolio in Simpson Manufacturing Co., Inc. for 390,960 shares. Conestoga Capital Advisors Llc owns 1.20 million shares or 2.61% of their US portfolio. Moreover, Dean Capital Management has 2.4% invested in the company for 104,695 shares. The California-based Snyder Capital Management L P has invested 1.85% in the stock. Seabridge Investment Advisors Llc, a New Jersey-based fund reported 160,844 shares.

Analysts await Simpson Manufacturing Co., Inc. (NYSE:SSD) to report earnings on February, 1. They expect $0.40 EPS, up 11.11% or $0.04 from last year’s $0.36 per share. SSD’s profit will be $18.93 million for 36.81 P/E if the $0.40 EPS becomes a reality. After $0.59 actual EPS reported by Simpson Manufacturing Co., Inc. for the previous quarter, Wall Street now forecasts -32.20% negative EPS growth.

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