Genuine Parts Company (GPC): Today's Featured Wholesale Loser

Genuine Parts Company ( GPC) pushed the Wholesale industry lower today making it today's featured Wholesale loser. The industry as a whole closed the day up 0.5%. By the end of trading, Genuine Parts Company fell $1.62 (-2.7%) to $58.53 on heavy volume. Throughout the day, 2.8 million shares of Genuine Parts Company exchanged hands as compared to its average daily volume of 935,000 shares. The stock ranged in price between $55.58-$58.77 after having opened the day at $56.49 as compared to the previous trading day's close of $60.15. Other company's within the Wholesale industry that declined today were: China Auto Logistics ( CALI), down 9.5%, Shengkai Innovations ( VALV), down 7.7%, Addvantage Technologies Group ( AEY), down 5.1%, and Westinghouse Solar ( WEST), down 4%.

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. Genuine Parts Company has a market cap of $9.41 billion and is part of the services sector. The company has a P/E ratio of 16.3, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 1.7% year to date as of the close of trading on Tuesday. Currently there are no analysts that rate Genuine Parts Company a buy, one analyst rates it a sell, and six rate it a hold.

TheStreet Ratings rates Genuine Parts Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Brightpoint ( CELL), up 16.2%, Global Partners ( GLP), up 7%, Hudson Technology ( HDSN), up 5.4%, and Bluelinx Holdings ( BXC), up 4.9%, were all gainers within the wholesale industry with AmerisourceBergen ( ABC) being today's featured wholesale industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the wholesale industry could consider ProShares Ultra Sht Consumer Goods ( SZK).
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