Thomas Gallagher (Insider Trades), CEO of Genuine Parts Co. (GPC), bought 4,000 shares of the company on July 22. The average price per share was $87.71, for a total transaction cost of $350,840. Genuine Parts is a North American automotive replacement parts distributor with a market cap of $13.37 billion, and a P/S ratio of 0.86.
Gallagher bought 18,000 shares of the company in 4 transactions since August 2014. There have been 14 insider buys of the company totaling 31,300 shares, and 5 insider sells totaling 78,402 shares since October 2003. The per share price increased about 150% since then. Month end price of the company increased from $63.78 per share in January 2012, to $87.87 per share in July 2015. The frequency and volume of insider buys for the company increased during this period of time. There was only one insider buy in 2012 and 2014, none in 2013, and three insider buys in the first half of 2015 alone. 
For more information about insider transaction with Genuine Parts Co., click here.
Net income for this company was $195.37 million, or $1.28 per share in the second quarter of 2015, compared to a net income of $197.7 million in the second quarter of 2014. Net income and revenue for the company has increased by 10.49% and 7.79%, respectively in the last five years. 
Motion Industries is an industrial group that encompasses not only GPC, but also EIS, an electrical group, and S. P. Richards, an office product group. Motion Industries experienced a decrease of about 2% in sales, despite a 1% increase in GPC sales from the second quarter of 2014 to the second quarter of 2015. Gallagher states that this “represents the underlying growth for this business,” and “in the midst of the challenging sales environment,” a stronger balance sheet and “improved cash flows … position [Genuine Parts Co.] well for future growth.” The company announced a dividend of $0.615 per share for the third quarter of 2015 on April 27, 2015. Annual dividend for the company has increased 8.92% over the last 5 years.
GPC Asia Pacific, based in Melbourne, Australia, entered an agreement to buy Cov Parts, an automotive part distributor in Western Australia. GPC expects the acquisition to generate approximately $90 million of annual revenue. Gallagher stated that, “the addition of [Cov Parts] serves to further expand [GPC’s] presence and scale in Western Australia and also builds on [GPC’s] commercial growth strategy.”
According to GuruFocus.com, Genuine Parts Co. has a business predictability rank of 3.5 out of 5 stars. For more information about business predictability rank, click here.
One guru made a transaction with GPC in the second quarter of 2015. Manning & Napier Advisors, Inc. (Trades, Portfolio) reduced their stake, selling 2,582 shares of the company at an average price of $92.11 per share. This transaction reduced the total holding by 12.85%. For more information about guru trades with Genuine Parts Co., click here.
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