Analysts' Recommendation: Buy 30 Days Ago: Buy Analysts' Target: $51 Analysts' Targets Kevin Dann & Partners $51 Buy Wednesday, February 20, 2008 Genuine Parts Company engages in the distribution of automotive and industrial replacement parts, office products, and electrical/electronic materials in the United States, Canada, and Mexico. The company operates through four groups: Automotive Parts Group, Industrial Parts Group, Office Products Group, and Electrical/Electronic Materials Group. The Automotive Parts Group supplies approximately 350,000 replacement parts other than body parts for imported vehicles, trucks, SUVs, buses, motorcycles, and recreational and farm vehicles. It also retails auto parts under the NAPA brand. This segment serves repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals. The Industrial Parts Group offers various industrial bearings; mechanical power transmission equipment; industrial automation; hose, hydraulic, and pneumatic components; and industrial products and material handling products. Its products include hoses, belts, bearings, pulleys, pumps, valves, chains, gears, sprockets, speed reducers, and electric motors. This segment’s customers consist of automotive, chemical, food, forest product, metal, paper, mining, petrochemical, and pharmaceutical manufacturers. The Office Products Group distributes computer supplies, office furniture, office machines, general office supplies, school supplies, healthcare products, janitorial supplies, and breakroom supplies. The Electrical/Electronic Materials Group offers magnet wire, conductive materials, insulating and shielding materials, assembly tools, test equipment, adhesives and chemicals, pressure sensitive tapes, solder, anti static products, and thermal management products to electrical and electronic manufacturers. The company was founded in 1928 and is headquartered in Atlanta, Georgia.
$38.25 (07/12/08)
