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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Genuine Parts Company ( GPC) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day up 0.5%. By the end of trading, Genuine Parts Company rose $1.15 (1.5%) to $76.33 on average volume. Throughout the day, 1,043,116 shares of Genuine Parts Company exchanged hands as compared to its average daily volume of 925,000 shares. The stock ranged in a price between $74.42-$76.35 after having opened the day at $75.18 as compared to the previous trading day's close of $75.18. Other companies within the Wholesale industry that increased today were: Wesco Aircraft Holdings ( WAIR), up 11.8%, Macquarie Infrastructure Company ( MIC), up 7.7%, LB Foster Company ( FSTR), up 7.1% and Navarre Corporation ( NAVR), up 3.4%.
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Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, the Dominican Republic, Mexico, and Canada. Genuine Parts Company has a market cap of $11.7 billion and is part of the services sector. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 18.0% year to date as of the close of trading on Monday.

TheStreet Ratings rates Genuine Parts Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Armco Metals Holdings ( CNAM), down 5.4%, Aegean Marine Petroleum Network ( ANW), down 4.5%, Commercial Vehicle Group ( CVGI), down 4.0% and Bluelinx Holdings ( BXC), down 2.7%.

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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