Genuine Parts Co (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 ( GPC) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Genuine Parts fell $1.28 (-1.5%) to $85.84 on average volume. Throughout the day, 722,091 shares of Genuine Parts exchanged hands as compared to its average daily volume of 764,200 shares. The stock ranged in price between $85.63-$87.50 after having opened the day at $87.08 as compared to the previous trading day's close of $87.12. Other companies within the Wholesale industry that declined today were: Armco Metals Holdings ( AMCO), down 6.5%, Cardinal Health ( CAH), down 6.3%, Olympic Steel ( ZEUS), down 4.5% and China Metro-Rural Holdings ( CNR), 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 has a market cap of $13.2 billion and is part of the services sector. The company has a P/E ratio of 19.5, above the S&P 500 P/E ratio of 17.7. Shares are up 4.7% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Genuine Parts a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Genuine Parts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, reasonable valuation levels and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Macquarie Infrastructure ( MIC), up 4.3%, Susser Petroleum Partners ( SUSP), up 3.0%, Newport ( NEWP), up 2.8% and Wesco Aircraft Holdings ( WAIR), up 2.8% , were all gainers within the wholesale industry with Omnicare ( OCR) 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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