Genuine Parts Reaches New 52-Week High (GPC)

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.

NEW YORK ( TheStreet) -- Genuine Parts Company (NYSE: GPC) hit a new 52-week high Tuesday as it is currently trading at $78.35, above its previous 52-week high of $78.32 with 75,106 shares traded as of 10:25 a.m. ET. Average volume has been 898,300 shares over the past 30 days.

Genuine Parts has a market cap of $12.07 billion and is part of the services sector and wholesale industry. Shares are up 22.5% year to date as of the close of trading on Monday.

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. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Genuine Parts 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 shows low profit margins. You can view the full Genuine Parts Ratings Report.

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