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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 1.0%. By the end of trading, Genuine Parts Company fell $1.79 (-2.1%) to $82.34 on heavy volume. Throughout the day, 2,099,710 shares of Genuine Parts Company exchanged hands as compared to its average daily volume of 797,300 shares. The stock ranged in price between $81.10-$84.61 after having opened the day at $82.99 as compared to the previous trading day's close of $84.13. Other companies within the Wholesale industry that declined today were: SED International Holdings ( SED), down 2.5% and Taitron Components Inc. Class A ( TAIT), down 2.2%.

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 $13.0 billion and is part of the services sector. Shares are up 32.3% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Genuine Parts Company a buy, no analysts rate it a sell, and 6 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, notable return on equity 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.

On the positive front, Aegean Marine Petroleum Network ( ANW), up 11.4%, Universal Power Group ( UPG), up 7.7%, InfoSonics Corporation ( IFON), up 5.8% and Armco Metals Holdings ( CNAM), up 4.9% , were all gainers within the wholesale industry with Sysco Corporation ( SYY) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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