|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's Range||93.84 - 96.87|
|52 Week Range||84.71 - 107.75|
|Beta (3Y Monthly)||1.29|
|PE Ratio (TTM)||20.87|
|Earnings Date||Oct 18, 2018|
|Forward Dividend & Yield||2.88 (3.04%)|
|1y Target Est||98.43|
Improving sales environment in the United States and increased sales from retail customers are likely to aid Genuine Parts' (GPC) Q3 results.
Genuine Parts (GPC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In sync with Genuine Parts' (GPC) global growth strategy, its UK-based wholly-owned company AAG announces acquisition of two automotive businesses.
Genuine Parts is bolstering its investment in last year's blockbuster acquisition with two new purchases in Europe.
There is a lot to be liked about Genuine Parts Company (NYSE:GPC) as an income stock. It has paid dividends over the past 10 years. The company currently pays out Read More...
ATLANTA, Oct. 5, 2018 /PRNewswire/ -- Genuine Parts Company (GPC) announced today that Alliance Automotive Group (AAG), the Company's wholly-owned automotive distribution company based in London, U.K., has completed the acquisitions of two automotive businesses, U.K. based Platinum International Group Limited and TMS Motor Spares Ltd. TMS Motor Spares Ltd. (TMS), headquartered in Carlisle, England, is a leading automotive parts distributor with 17 locations in Scotland and seven in England. TMS further expands AAG's U.K. footprint, while also providing the first company-owned stores in Scotland. The TMS acquisition was effective August 31, 2018, and the Company expects the acquired business to generate annual revenues of approximately $30 million (US$).
G.research will host the 42nd Annual Automotive Aftermarket Symposium on Monday, October 29th through Tuesday, October 30th 2018 in Las Vegas, NV. This research meeting will feature presentations by senior management of several leading automotive companies with an emphasis on industry dynamics, EV, and Auto 2.0 megatrends.
ATLANTA, Sept. 27, 2018 /PRNewswire/ -- Genuine Parts Company (GPC) plans to release Third Quarter Earnings on October 18, 2018. Management will also conduct a conference call on this date at 11:00 a.m. Eastern time. The public may access the call on the Company's website, www.genpt.com, by clicking "Investors," or by dialing 877-407-0789. The conference ID is 13683506. If you are unable to participate during the call, a replay of the call will be available on the Company's website or toll-free at 844-512-2921, ID 13683506, two hours after the completion of the conference call until 12:00 a.m. Eastern time on November 2, 2018. Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the UK, Germany and Poland. The Company also distributes industrial replacement parts and electrical and electronic materials in the U.S., Canada and Mexico through its Industrial Parts Group. S. P. Richards Company, the Business Products Group, distributes a variety of business products in the U.S. and in Canada. Genuine Parts Company had 2017 revenues of $16.3 billion. Further information is available at www.genpt.com.
Many investors have heard of dividend aristocrats, stocks which have increased dividends for at least 25 straight years. Dividend kings tend not to generate the publicity of more popular stocks. Many of these stocks also maintain a dividend yield above the S&P average of 1.9%.
Motion Industries has entered into a definitive agreement to acquire Hydraulic Supply Company (HSC), with an effective close date of October 1, 2018. HSC, founded in 1947 and based in Sunrise, Florida, is a leading full-service fluid power distributor, with a broad product offering of hydraulic, pneumatic and industrial components and systems. HSC operates from 30 locations primarily in the southeastern United States which are supported by one central distribution center. The Company expects HSC to generate estimated annual revenues of $85 million.
The transaction follows the determination by Essendant's Board of Directors, after consultation with Essendant's legal and financial advisors, that the Staples proposal constituted a "Superior Proposal" as defined in Essendant's previously announced merger agreement to combine with Genuine Parts Company's (GPC) ("GPC") S.P. Richards business (the "S.P. Richards agreement"). Consistent with that determination, and following the expiration of the three-day waiting period during which GPC did not propose any amendments to the S.P. Richards agreement, Essendant terminated that agreement. In connection with the termination, GPC is entitled to a $12 million break-up fee, which Staples is paying as part of its agreement with Essendant. "We are excited about the opportunity to move forward with this agreement, and to work with the Essendant team to complete the partnership of these two great companies, which will ultimately deliver significant value to independent resellers and end customers across the U.S.," Staples said.
NEW YORK, Sept. 13, 2018-- As Essendant’ s largest shareholder, Pzena Investment Management believes that the proposal from Staples to acquire Essendant at $12.80 a share does not constitute a superior ...
G.research will host the 42nd Annual Automotive Aftermarket Symposium on Monday, October 29th through Tuesday, October 30th 2018 in Las Vegas, NV. This research meeting will feature presentations by senior management of several leading automotive companies with an emphasis on industry dynamics, new technologies, and company fundamentals.
Genuine Parts (GPC) receives an agreement termination notice from Essendant. After a three-day match period, the merger agreement is going to end.
ATLANTA, Sept. 10, 2018 /PRNewswire/ -- Genuine Parts Company (GPC) ("GPC") today announced that it has received notice from Essendant (ESND) of its intent to terminate the merger agreement to combine GPC's S.P. Richards business with Essendant, entered into on April 12, 2018 (the "Merger Agreement").
DEERFIELD, Ill., Sept. 10, 2018 /PRNewswire/ -- Essendant, Inc. (ESND) today announced that its Board of Directors, after consultation with Essendant's legal and financial advisors, has determined that the proposal from Staples, Inc. ("Staples") to acquire all of the outstanding shares of Essendant common stock for $12.80 per share in cash (the "Staples proposal") constitutes a "Superior Proposal" as defined in Essendant's previously announced merger agreement with Genuine Parts Company (GPC) ("GPC"). Staples previously submitted an unsolicited offer on April 17, 2018, which it reaffirmed on September 4, 2018, to acquire all of the outstanding shares of Essendant common stock for $11.50 per share in cash.
DEERFIELD, Ill., Sept. 5, 2018 /PRNewswire/ -- Essendant, Inc. (ESND) today acknowledged receipt of a letter from Staples, Inc., including Staples' reiteration of its proposal to acquire Essendant for $11.50 per share in cash. The Essendant Board of Directors, in consultation with its legal and financial advisors and consistent with its fiduciary duties, is reviewing the letter and other materials filed earlier by Staples with the Securities and Exchange Commission. As previously announced, Essendant and Genuine Parts Company (GPC) ("GPC") entered into a definitive merger agreement on April 12, 2018, in which Essendant agreed to combine with GPC's S.P. Richards business.
ATLANTA, Aug. 20, 2018 /PRNewswire/ -- Genuine Parts Company (GPC) announced today several officer changes. The Board of Directors has elected Gregory N. Miller to the position of Executive Vice President and Chief Information Officer. In his new role as Executive Vice President, Mr. Miller will partner with the Company's digital team to further expand its omni-channel capabilities and maximize the Company's digital footprint.