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 down 0.3%. By the end of trading, Genuine Parts Company fell $0.92 (-1.2%) to $77.83 on heavy volume. Throughout the day, 1,925,127 shares of Genuine Parts Company exchanged hands as compared to its average daily volume of 835,300 shares. The stock ranged in price between $77.80-$78.74 after having opened the day at $78.28 as compared to the previous trading day's close of $78.75. Other companies within the Wholesale industry that declined today were: Armco Metals Holdings ( CNAM), down 5.3%, Armco Metals Holdings ( AMCO), down 5.3%, China Metro-Rural Holdings ( CNR), down 4.9% and Bluelinx Holdings ( BXC), down 4.2%.

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 $12.5 billion and is part of the services sector. Shares are up 23.9% year to date as of the close of trading on Thursday. Currently there are 2 analysts that rate Genuine Parts Company a buy, no analysts rate it a sell, and 7 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, impressive record of earnings per share growth, compelling growth 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, Edgen Group ( EDG), up 8.3%, Beacon Roofing Supply ( BECN), up 3.2%, China Auto Logistics ( CALI), up 2.2% and Wayside Technology Group ( WSTG), up 2.1%.

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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