Genuine Parts Co (GPC) Holding Held by Marco Investment Management Llc; Srb Has Boosted Its Holding in Exxon Mobil (XOM) by $25.58 Million

February 18, 2018 - By Adrian Erickson

Marco Investment Management Llc increased its stake in Genuine Parts Co (GPC) by 10.43% based on its latest 2017Q3 regulatory filing with the SEC. Marco Investment Management Llc bought 3,802 shares as the company’s stock declined 8.49% while stock markets rallied. The institutional investor held 40,266 shares of the automotive aftermarket company at the end of 2017Q3, valued at $3.85M, up from 36,464 at the end of the previous reported quarter. Marco Investment Management Llc who had been investing in Genuine Parts Co for a number of months, seems to be bullish on the $14.64 billion market cap company. The stock decreased 1.07% or $1.08 during the last trading session, reaching $99.83. About 1.11M shares traded or 29.85% up from the average. Genuine Parts Company (NYSE:GPC) has declined 1.45% since February 18, 2017 and is downtrending. It has underperformed by 18.15% the S&P500.

Srb Corp increased its stake in Exxon Mobil Corp (XOM) by 34.18% based on its latest 2017Q3 regulatory filing with the SEC. Srb Corp bought 315,833 shares as the company’s stock rose 0.21% with the market. The institutional investor held 1.24 million shares of the integrated oil company at the end of 2017Q3, valued at $101.65 million, up from 924,144 at the end of the previous reported quarter. Srb Corp who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $324.45B market cap company. The stock increased 0.43% or $0.33 during the last trading session, reaching $76.54. About 13.72M shares traded or 4.75% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since February 18, 2017 and is downtrending. It has underperformed by 25.78% the S&P500.

Marco Investment Management Llc, which manages about $888.82 million and $636.46M US Long portfolio, decreased its stake in Jpmorgan Chase & Co (NYSE:JPM) by 6,200 shares to 202,393 shares, valued at $19.33M in 2017Q3, according to the filing. It also reduced its holding in Expedia Inc Del (NASDAQ:EXPE) by 4,658 shares in the quarter, leaving it with 18,066 shares, and cut its stake in L3 Technologies Inc.

Investors sentiment increased to 0.96 in 2017 Q3. Its up 0.06, from 0.9 in 2017Q2. It improved, 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. Prudential Public Limited Liability Corporation owns 0% invested in Genuine Parts Company (NYSE:GPC) for 8,200 shares. Tower Research Ltd Limited Liability Company (Trc) owns 1,247 shares. State Street Corp reported 8.85M shares or 0.07% of all its holdings. Strs Ohio accumulated 0% or 6,960 shares. Valley Natl Advisers Inc owns 434 shares or 0.01% of their US portfolio. Missouri-based Stifel Financial Corp has invested 0.11% in Genuine Parts Company (NYSE:GPC). Employees Retirement Of Ohio invested in 60,997 shares. Bokf Na holds 0.03% of its portfolio in Genuine Parts Company (NYSE:GPC) for 12,455 shares. Utah Retirement Sys holds 26,367 shares or 0.06% of its portfolio. State Bank Of Nova Scotia, Ontario – Canada-based fund reported 25,788 shares. Perella Weinberg Prtnrs Capital Mngmt Ltd Partnership has invested 0.04% of its portfolio in Genuine Parts Company (NYSE:GPC). Mechanics Natl Bank Trust Department holds 0.26% of its portfolio in Genuine Parts Company (NYSE:GPC) for 11,210 shares. Moreover, Amer Grp has 0.06% invested in Genuine Parts Company (NYSE:GPC). Hsbc Holding Pcl reported 116,416 shares stake. Da Davidson & Co reported 58,040 shares.

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 29 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Thursday, January 19 by Goldman Sachs. On Tuesday, October 20 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Sell” rating given on Thursday, July 6 by Goldman Sachs. The firm has “Hold” rating given on Friday, July 15 by Jefferies. The company was maintained on Wednesday, October 11 by Jefferies. BB&T Capital downgraded the shares of GPC in report on Thursday, October 15 to “Hold” rating. Jefferies maintained Genuine Parts Company (NYSE:GPC) rating on Friday, September 8. Jefferies has “Hold” rating and $95.0 target. The stock of Genuine Parts Company (NYSE:GPC) earned “Hold” rating by Jefferies on Wednesday, April 19. As per Tuesday, October 20, the company rating was upgraded by Gabelli. As per Monday, June 26, the company rating was maintained by Jefferies.

Among 26 analysts covering Exxon Mobil (NYSE:XOM), 9 have Buy rating, 7 Sell and 10 Hold. Therefore 35% are positive. Exxon Mobil had 88 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was upgraded by UBS on Wednesday, September 6 to “Neutral”. The firm has “Hold” rating by RBC Capital Markets given on Thursday, July 20. The stock has “Buy” rating by Vetr on Thursday, August 20. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Hold” rating by BMO Capital Markets on Wednesday, October 18. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Underweight” rating given on Thursday, September 3 by Barclays Capital. The rating was maintained by Jefferies with “Hold” on Friday, January 19. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Reduce” rating by Nomura on Friday, March 18. The company was downgraded on Tuesday, January 26 by Tudor Pickering. UBS maintained the stock with “Neutral” rating in Monday, May 2 report. The rating was maintained by Cowen & Co on Tuesday, October 24 with “Buy”.

Since September 18, 2017, it had 0 insider buys, and 5 sales for $5.23 million activity. Shares for $996,628 were sold by Chapman Neil A. Corson Bradley W sold $1.62 million worth of stock or 19,500 shares. Franklin Robert Stuart also sold $1.81 million worth of Exxon Mobil Corporation (NYSE:XOM) on Monday, September 18. 2,412 shares were sold by Wascom Dennis G, worth $200,293.

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