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 up 0.3%. By the end of trading, Genuine Parts Company fell 72 cents (-1.1%) to $63.35 on light volume. Throughout the day, 698,587 shares of Genuine Parts Company exchanged hands as compared to its average daily volume of one million shares. The stock ranged in price between $63.18-$64.84 after having opened the day at $64.53 as compared to the previous trading day's close of $64.07. Other companies within the Wholesale industry that declined today were: Westinghouse Solar ( WEST), down 20.6%, Senomyx ( SNMX), down 5.6%, Olympic Steel ( ZEUS), down 4.7%, and Lawson Products ( LAWS), down 2.8%.

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 $10.05 billion and is part of the services sector. The company has a P/E ratio of 16.7, below the average wholesale industry P/E ratio of 16.9 and below the S&P 500 P/E ratio of 17.7. Shares are up 4.8% year to date as of the close of trading on Monday. 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.

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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