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Stock Market & Financial Investment News

News Breaks
February 19, 2013
13:40 EDTGPCGenuine Parts saw a meaningful deceleration in industrial business
After being up 12% in Q1, the industrial operations segment of Genuine Parts, GPC, up was 8% in Q2, 4.5% in Q3, and 2% in Q4. These trends are consistent with what GPC has seen across the industry. Of particular interest is the fact that the Q4 slowdown became more pronounced in the final weeks of December. These comments are from the company's Q4 earnings conference call.
News For GPC From The Last 14 Days
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April 16, 2014
05:29 EDTGPCGenuine Parts upgraded to Neutral from Sell at Goldman
Goldman upgraded Genuine Parts to Neutral citing valuation and expectations for growth acceleration. The firm raised its price target for shares to $88 from $84.
April 8, 2014
11:41 EDTGPCUnited Stationers down after Genuine Parts unit wins Office Depot contract
Shares of United Stationers (USTR) are moving lower after Office Products International, a publication for the office products industry, reported yesterday that S.P. Richards confirmed it won the first-call wholesale business for Office Depot (ODP) in the U.S. United Stationers and S.P. Richards, a unit of Genuine Parts (GPC), are both suppliers to Office Depot. Shares of United Stationers are down 4% to $38.08 in morning trading. Shares of Genuine Parts are up 1% to $85.63.

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