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 0.9%. By the end of trading, Genuine Parts Company fell $1.90 (-2.3%) to $81.31 on average volume. Throughout the day, 646,529 shares of Genuine Parts Company exchanged hands as compared to its average daily volume of 762,500 shares. The stock ranged in price between $81.06-$82.86 after having opened the day at $82.63 as compared to the previous trading day's close of $83.21. Other companies within the Wholesale industry that declined today were: Aegean Marine Petroleum Network ( ANW), down 5.0%, Forward Industries ( FORD), down 5.0%, Richardson Electronics ( RELL), down 3.2% and China Metro-Rural Holdings ( CNR), down 3.0%.

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 $12.8 billion and is part of the services sector. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7. Shares are up 0.0% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates 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, notable return on equity, good cash flow from operations 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, Armco Metals Holdings ( AMCO), up 3.9%, Coast Distribution System ( CRV), up 3.9%, Commercial Vehicle Group ( CVGI), up 2.8% and Chefs Warehouse Holdings ( CHEF), up 2.7% , were all gainers within the wholesale industry with Airgas ( ARG) 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).

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