Before Tuesday’s opening bell, Genuine Parts (GPC) released its fourth quarter financial results. Here’s what the results mean for mutual fund investors.
Inside GPC’s Results
Earnings
The company posted earnings of $165.56 million, or $1.07 per share, up from $150.47 million, or 97 cents per share, last year. Analysts expected to see EPS of $1.07
Revenue
Revenue increased to $3.82 billion from $3.52 billion. Analysts expected to see revenue of $3.73 billion.
Quarter Helped by Sales Growth & Acquisitions
The company’s fourth quarter benefited from broad sales growth and the completion of its its acquisition of Impacts Products LLC. Genuine Parts also announced that it has boosted its quarterly dividend for the 59th consecutive year. The stock now yields around 2.5%.
Mutual Funds to Watch
Investors interested in GPC may be interested in the funds listed below. These funds currently have the largest stakes in the company.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| VMCIX | Vanguard Mid Cap | 1.73% |
| VTSMX | Vanguard Total Stock Market Index | 1.64% |
| PRFDX | T. Rowe Price Equity Income | 1.28% |
The Bottom Line
The funds listed above allow investors to gain exposure to GPC while remaining diversified. Investors interested in GPC may also be interested in Advance Auto Parts (AAP).