Genuine Parts Rises On Unusually High Volume (GPC)

Genuine Parts Company (NYSE:GPC) is trading at unusually high volume Tuesday with 1.5 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $2.32 (+2.9%).
By TheStreet Wire ,

NEW YORK (

TheStreet

) --

Genuine Parts Company

(NYSE:

GPC

) is trading at unusually high volume Tuesday with 1.5 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $2.32 (+2.9%) at $82.08 as of 10:15 a.m. ET.

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Genuine Parts has a market cap of $12.1 billion and is part of the services sector and wholesale industry. Shares are up 22.8% year to date as of the close of trading on Monday.

Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, the Dominican Republic, Mexico, and Canada. The company has a P/E ratio of 18.7, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates

Genuine Parts

as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, notable return on equity, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Genuine Parts Ratings Report

.

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