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NEW YORK ( TheStreet) -- Genuine Parts Company (NYSE: GPC) hit a new 52-week high Wednesday as it is currently trading at $63.80, above its previous 52-week high of $63.65 with 520,631 shares traded as of 3:20 p.m. ET. Average volume has been 916,800 shares over the past 30 days. Genuine Parts has a market cap of $9.76 billion and is part of the services sector and wholesale industry. Shares are up 2.8% year to date as of the close of trading on Tuesday. 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 18.1, equal to the average wholesale industry P/E ratio and above the S&P 500 P/E ratio of 17.7.