What Genuine Parts' Earnings Mean for Mutual Fund Investors (GPC)

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What Genuine Parts' Earnings Mean for Mutual Fund Investors (GPC)

Shauna O'Brien

|

Genuine Parts company logo
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%
{% mutualfund 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).

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Genuine Parts company logo

What Genuine Parts' Earnings Mean for Mutual Fund Investors (GPC)

Shauna O'Brien

|

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%
{% mutualfund 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).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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