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Valued at a market cap of $16.1 billion, Genuine Parts Company (GPC) distributes automotive replacement parts, as well as industrial parts and materials. The Atlanta, Georgia-based company provides automotive replacement parts for a wide range of vehicles, including hybrid and electric vehicles, trucks, SUVs, and buses, to name a few, and also offers industrial replacement parts and related supplies such as bearings, mechanical and electrical power transmission products, and components.
Companies worth $10 billion or more are generally described as “large-cap” stocks, and Genuine Parts Company fits right into that category. The industrial supplies giant serves its global customers from an extensive network of more than 10,700 locations in 17 countries, supported by over 60,000 employees.