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

Genuine Parts Company ( GPC) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole closed the day down 2%. By the end of trading, Genuine Parts Company fell 56 cents (-0.9%) to $63.29 on light volume. Throughout the day, 727,083 shares of Genuine Parts Company exchanged hands as compared to its average daily volume of one million shares. The stock ranged in price between $62.81-$63.57 after having opened the day at $63.50 as compared to the previous trading day's close of $63.85. Other company's within the Wholesale industry that declined today were: Armco Metals Holdings ( CNAM), down 10.3%, Taitron Components ( TAIT), down 10%, SED International Holdings ( SED), down 7.3%, and Senomyx ( SNMX), down 6.5%.

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 $10.04 billion and is part of the services sector. The company has a P/E ratio of 16.8, below the average wholesale industry P/E ratio of 17.3 and below the S&P 500 P/E ratio of 17.7. Shares are up 4.3% year to date as of the close of trading on Friday. 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, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, SinoHub ( SIHI), up 3.9%, Tessco Technologies ( TESS), up 2.7%, Wayside Technology Group ( WSTG), up 2.3%, and DXP ( DXPE), up 1.7%, were all gainers within the wholesale industry with MSC Industrial Direct ( MSM) being today's featured wholesale industry leader.

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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