Stock News Buzz: Genuine Parts Company (NYSE:GPC)

Genuine Parts Company (NYSE:GPC) spotted trading -9.28% off 52-week high price. On the other end, the stock has been noted 15.39% away from the low price over the last 52-weeks. The stock changed -0.21% to recent value of $97.75. The stock transacted 613096 shares during most recent day however it has an average volume of 665.42K shares. The company has 147.29M of outstanding shares and 142.61M shares were floated in the market.

Genuine Parts Company (NYSE:GPC) reported 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.

Platinum International Group Limited (Platinum), headquartered in Manchester, England, is a leading value-added battery distributor in the automotive, industrial, marine and leisure markets, with nine U.K. locations and one location in the Netherlands.  Platinum currently sells to AAG and other trading group customers across the independent aftermarket, original equipment dealer and other market segments and significantly expands AAG’s battery sourcing platform as well as other distribution, including lubricants.  The Platinum acquisition was effective October 2, 2018, and is expected to generate estimated annual revenues of $75 million (US$).

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 $30 million (US$).

Its earnings per share (EPS) expected to touch remained -1.50% for this year while earning per share for the next 5-years is expected to reach at 12.60%. GPC has a gross margin of 30.90% and an operating margin of 5.80% while its profit margin remained 3.80% for the last 12 months.

According to the most recent quarter its current ratio was 1.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of -2.79% from the mean of 20 days, -1.68% from mean of 50 days SMA and performed 2.58% from mean of 200 days price. Company’s performance for the week was -1.71%, -3.32% for month and YTD performance remained 2.88%.

 

About the Author

Kyle Webster
Kyle Webster
Kyle Webster is a self taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Kyle is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Research News category for our site. He can be reached via Email Contact -  kyle@mostvolatilestocks.com.

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