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NEW YORK ( TheStreet) -- Genuine Parts Company (NYSE: GPC) hit a new 52-week high Thursday as it is currently trading at $59.42, above its previous 52-week high of $59.40 with 400,106 shares traded as of 12:15 p.m. ET. Average volume has been 1.2 million shares over the past 30 days. Genuine Parts has a market cap of $8.69 billion and is part of the services sector and wholesale industry. Shares are up 13.9% year to date as of the close of trading on Wednesday. Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, Canada, and Mexico. The company has a P/E ratio of 16.1, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7.