NEW YORK ( TheStreet) -- Genuine Parts Company (NYSE: GPC) hit a new 52-week high Friday as it is currently trading at $61.08, above its previous 52-week high of $60.96 with 138,477 shares traded as of 10:35 a.m. ET. Average volume has been one million shares over the past 30 days.

Genuine Parts has a market cap of $9.33 billion and is part of the services sector and wholesale industry. Shares are up 17.8% year to date as of the close of trading on Thursday.

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 17.3, equal to the average wholesale industry P/E ratio and below 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, impressive record of earnings per share growth, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Genuine Parts Ratings Report.

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