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Genuine Parts Co $ 94.1 0.16 (0.17%)

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Volume:
742,442
Avg Vol (1m):
808,439
Market Cap $:
13.58 Bil
Enterprise Value $:
16.59 Bil
P/E (TTM):
2,352.50
P/B:
4.76
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Genuine Parts Co News and Headlines -

GuruFocus Articles Total 135
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After a high return, the valuation is no longer below the historical average

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

60 Views    Nathan Parsh    2020-08-17 15:59
Wall Street in the green, Oracle posts weaker-than-expected fourth quarter sales

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

42 Views    Omar Venerio    2020-06-17 14:10
The market selloff has given income investors the gift of higher than usual dividend yields

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

529 Views    Nathan Parsh    2020-03-25 20:06
Etsy tops the list

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

194 Views    Tiziano Frateschi    2020-03-25 19:05
Guru stock highlight

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.

32 Views    Holly LaFon    2019-09-04 19:16
Discussion of markets and holdings

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

376 Views    Holly LaFon    2019-09-04 18:32
Guru stock highlight

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

67 Views    Holly LaFon    2019-06-19 19:30
Discussion of markets and holdings

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.

103 Views    Holly LaFon    2019-06-18 19:31
Company generates more revenue and has more stores than O'Reilly and AutoZone, at a cheaper valuation, with a better dividend

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

68 Views    Jonathan Poland    2019-03-26 16:58
Genuine Parts has increased its dividend for over 60 years, and the strong economic tailwinds of its core industry mean future dividend growth is likely

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

409 Views    Ben Reynolds    2019-03-18 21:29
Steel Dynamics surpasses earnings and revenue estimates

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

28 Views    Omar Venerio    2018-10-18 19:23
Genuine Parts declined as well as Philip Morris

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

159 Views    Omar Venerio    2017-10-19 19:06
Verizon delivers profitable growth

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

150 Views    Omar Venerio    2017-10-19 16:50
Political tensions complicate Monday morning trading

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

106 Views    Omar Venerio    2017-09-25 17:06
Holdings the company increased during the last 2 quarters

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 (

226 Views    Tiziano Frateschi    2017-04-27 18:43
What to expect from this Dividend King's next dividend hike

(Published Feb. 16 by Bob Ciura)

There are a number of groupings for dividend stocks based on how long they have raised their dividends.

There are the Dividend Achievers, which have raised dividends for 10-plus years. Then there are the Dividend Aristocrats, members of the S&P 500 that have increased their shareholder payouts for at least 25 consecutive years.

As impressive as these are, there is also a much smaller group known as the Dividend Kings, consisting of just 19 stocks with 50-plus years of consecutive dividend increases.

You can see the entire list of Dividend Kings here.

Genuine

76 Views    Ben Reynolds    2017-02-16 22:32
This auto parts retailer has several powerful metrics in its favor, but also a hefty amount of long-term debt

O’Reilly Automotive Inc. (ORLY) currently holds a spot on the Undervalued Predictable screener list at GuruFocus due to a couple of recent dips in the share price:

ORLY 3 month share price

The company is one of the big four auto parts retailers, a group that is making the most of favorable tailwinds, factors such as lower gas prices, more total miles driven and even better quality cars (see also AutoZone: Debt Is a Dragging Brake on This Muscle Car).

O’Reilly has more than 4,700 stores, all of them in the United States,

433 Views    Robert Abbott    2016-12-15 20:57
Guru stock highlight

Genuine Parts Co. (NYSE:GPC) (2.3%) (GPC $100.45 – NYSE) is an Atlanta, Georgia based distributor of automotive and industrial replacement parts, office products, 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

537 Views    Holly LaFon    2016-11-02 16:30
Review of quarter and stocks

To Our Shareholders,

For the quarter ended September 30, 2016, the net asset value (“NAV”) per Class AAA Share of The Gabelli Equity Income Fund increased 1.5% compared with an increase of 3.9% for the Standard & Poor’s (“S&P”) 500 Index. See page 2 for additional performance information.

The S&P 500 Index now has 11 sectors, after adding a new sector, Real Estate, late in the third quarter. Of the other ten sectors, Utilities and Telecom, the sectors most sensitive to changes in interest rates, were the worst performing sectors in the third quarter, with declines of 5.6% and 5.9%,

2182 Views    Holly LaFon    2016-11-02 16:11
This article examines the compelling investment prospects of Genuine Parts Company

Genuine Parts Company (GPC) started from very humble beginnings. It began in 1928, when Carlyle Fraser purchased Motor Parts Depot for $40,000. He renamed it Genuine Parts Company, and it has held that name ever since.

The original Genuine Parts store had annual sales of $75,000 and only six employees. Today, Genuine Parts has more than 39,000 employees and annual sales of more than $15 billion.

Genuine Parts has raised its dividend payments for 60 consecutive years. This is one of the longest active streaks of any business. The streak more than qualifies Genuine Parts to be a Dividend Aristocrat.

829 Views    Ben Reynolds    2016-10-30 19:27

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