The last time I wrote about Genuine Parts Company (GPC), the stock, along with the rest of the market, was in the midst of free fall. Shares of Genuine Parts suffered a steep decline due to the pandemic. The stock had fallen nearly 53% from the beginning of 2020 through the publication date of my last article on the company.

At that time, Genuine Parts traded with a forward price-earnings multiple of less than 11 and paid a dividend yield of 5.2%. The valuation was well below its 10-year average and the dividend yield was considerably higher than the

US markets

U.S. stocks were in the green on Wednesday after researchers in the UK have shown that dexamethasone can help reduce the chance of death in severely ill Covid-19 patients by approximately a third. The Dow Jones Industrial Average gained 0.22% to 26,341, the S&P 500 index rose 0.32% to 3,134 and the Nasdaq Composite Index was down 0.57% to 9,952.

Gainers

• J.B. Hunt Transport Services, Inc. (JBHT) +1.3%

• Genuine Parts Company (GPC) +0.79%

• Eastman Chemical Company (EMN) +0.50%

• Flowserve Corporation (FLS) +0.08%

Losers

• Norwegian Cruise Line Holdings Ltd. (NCLH) -7.9%

• Royal

The one benefit to the violent decline in markets over the past several weeks is that many dividend-paying stocks are now offering yields not seen in quite some time.

Take Genuine Parts Co. (GPC) for example. The automotive and industrial parts company has increased its dividend for 64 consecutive years, earning it a place among the Dividend Kings, those stocks with at least 50 consecutive years of dividend growth. Genuine Parts has the fourth-longest dividend growth steak among U.S. companies, according to The Dividend Investing Resource Center.

Genuine Parts has experienced eight previous recessions and still was able to

According to the GuruFocus All-In-One Screener as of March 25, the following stocks are popular among gurus.

Etsy

The handmade goods retailer Etsy Inc. (ETSY) has a market cap of $4.5 billion. Its revenue of $818 million was flat over the past 10 years.

As of March 25, the stock is trading with a price-earnings ratio of 51.73. The share price of $40.49 is 44.8% below the 52-week high and 35.19% above the 52-week low. Over the past 10 years, the stock has climbed 38%.

The company’s largest guru shareholder is Jim Simons (Trades, Portfolio)’ Renaissance

Genuine Parts Co. (NYSE:GPC) (1.7%) (GPC – $103.58 – NYSE) is an Atlanta, Georgia-based distributor of automotive and industrial replacement parts, and electrical and electronic components. We expect GPC’s well known NAPA Auto Parts group to benefit as an aged vehicle population, which includes the highest percentage of off warranty vehicles in history, helps drive sales of automotive aftermarket products over the next several years. Additionally, economic indicators remain supportive of the company’s industrial and electrical parts distribution businesses amid steady economic expansion. Finally, GPC’s management has shown consistent dedication to shareholder value via share repurchases and dividend increases.

To Our Shareholders,

For the quarter ended June 30, 2019, the net asset value (NAV) per Class AAA Share of The Gabelli Asset Fund increased 3.7% compared with an increase of 4.3% for the Standard & Poor’s (S&P) 500 Index. Other classes of shares are available. See page 2 for additional performance information for all classes.

An Economic Rorschach Test

Swiss psychologist Hermann Rorschach created his eponymous ink-blot exam in 1921. In the classical test, an administrator records the responses to ten abstract images, hoping to illuminate the subject’s motivations, inner conflicts, and modes of perception. The current political climate

Genuine Parts Co. (GPC) (1.9%) (GPC – $112.03 – NYSE) is an Atlanta, Georgia based distributor of automotive and industrial replacement parts, and electrical and electronic components. We expect GPC's well known NAPA Auto Parts group to benefit as an aged vehicle population, which includes the highest percentage of off warranty vehicles in history, helps drive sales of automotive aftermarket products over the next several years. Additionally, economic indicators remain supportive of the company's industrial and electrical parts distribution businesses amid steady economic expansion. Finally, GPC's management has shown consistent dedication to shareholder value via share repurchases and dividend

To Our Shareholders,

For the quarter ended March 31, 2019, the net asset value (NAV) per Class AAA Share of The Gabelli Asset Fund increased 11.3% compared with an increase of 13.7% for the Standard & Poor's (S&P) 500 Index. Other classes of shares are available. See page 2 for additional performance information for all classes.

First Quarter Commentary

What a difference a quarter makes.

Just three months ago, the stock market finished 2018 with one of the worst Decembers on record. Mr. Market had a lot to worry about: slowing global growth, an escalating trade war between the U.S.

Regardless of what happens in the next evolution of automotive automation, part suppliers will continue to be a viable model. Unlike pure play stores like O’Reilly Automotive (ORLY), Advanced Auto Parts (AAP) and AutoZone (AZO), Genuine Parts (GPC) operates a hybrid model thanks to multiple subsidiaries across automotive and industrial parts, electrical components and office products.

Business is good

Since 2009, the company has gone from $400 million in net income on $10 billion in annual revenue to over $800 million in profit on $18.7 billion in sales. In that time, gross margins rose, it bought back 8% of its

Auto part retailers can be attractive stocks for investors. The auto part space is highly fragmented, with large, national brands competing with individual retailers for customers. The national brands can use their size and scale to open new stores and offer better prices than the smaller companies.

One of our favorite auto parts stocks in this space is Genuine Parts Co. (GPC), a Dividend King with over six decades of dividend increases.

Company background

Genuine Parts has been in existence since 1928. The company sells automotive and industrial parts as well as electrical materials and general business products. The

U.S. stock market indexes retreated on Thursday after the Chinese market posted declines. The minutes of the Federal Reserve's meeting, which were released yesterday, prepared the world for a new hike in December. The Dow Jones Industrial Average fell 1.37% to 25,357, the S&P 500 index declined 1.45% to 2,768 and the Nasdaq Composite Index slid 1.96% to 7,492.

Shares of Steel Dynamics Inc. (STLD) gained nearly 2% on Thursday morning after the company posted third-quarter earnings of $1.69 per share on $3.22 billion in revenue, reflecting 32% year-over-year growth. The company beat earnings estimates by 5 cents and topped

Shares of Genuine Parts Co. (GPC) traded almost 10% lower after the company announced its results for the third quarter of fiscal 2018, ended Sept. 30.

It posted diluted earnings per share of $1.08 and adjusted earnings per share of $1.16 but missed expectations by 12 cents. Revenue of $4.1 billion were in line with analysts' expectations and registered an increase of 4.1% year over year.

By segments, sales for the Automotive Group inched up 3.6% including an approximate 1% comparable sales increase. Sales at Motion Industries, the Industrial Group, were up 7.1%, including a 4% comparable sales increase, and

On the 30th anniversary of "Black Monday," the U.S. stock market traded lower in premarket trading. The Dow Jones Industrial Average traded slightly above 23,000, the S&P 500 lost 0.40% and the Nasdaq traded 0.6% lower.

Strong earnings from Verizon Communications Inc. (VZ) contributed to shares of the company inching up more than 2% in premarket trading. The company posted third-quarter adjusted EPS of 98 cents on revenue of $31.72 billion, which was higher than the prior-year quarter. Moreover, the company managed to beat revenue expectations by $270 million while EPS were in line with estimates.

Chairman and CEO

U.S. stock market indexes opened in the red with more tensions from North Korea as a diplomatic representative said today the country has the right to shoot down any bomber that crosses its territory.

The Dow Jones Industrial Average lost 29.12 points to open at 22,320.47.The Standard & Poor’s 500 index declined 2.83 points to open at 2,499.39 and the Nasdaq 100 index slipped 28.26 points to 5,904.06. Visa Inc. (V) and

Manning & Napier Advisors Inc. was founded in April 1970 by Bill Manning and Bill Napier. In both first-quarter 2017 and fourth-quarter 2016 the guru bought shares in the following stocks:

Xerox Corp. (XRX)

During the fourth quarter, the guru increased the position by 13.03%. In the first quarter, it increased the holding by 14.07%. The guru holds 0.02% of the company’s outstanding shares.

Xerox is engaged in business process outsourcing and document management solutions. It provides services, technology and expertise to small businesses and enterprises that help to run a business and reduce costs.

Carl Icahn (