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News

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

Shauna O'Brien Feb 17, 2015

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).