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Genuine Parts Company Looks to Continue to Trade Above its Annual-High Share Price Today

Shares of Genuine Parts Company (NYSE:GPC) traded at a new 52-week high today of $164.99. So far today approximately 209,000 shares have been exchanged, as compared to an average 30-day volume of 925,000 shares.

Genuine Parts Company (NYSE:GPC) is currently priced 19.8% above its average consensus analyst price target of $131.66.

In the past 52 weeks, shares of Genuine Parts Company have traded between a low of $115.63 and a high of $164.99 and is now at $164.24, which is 42% above that low price.

Genuine Parts sells automotive parts (about two thirds of net sales) and industrial components. The company sells vehicle parts to commercial and retail customers through roughly 9,700 stores worldwide, most of which are independently owned. Its industrial unit, primarily operating under the Motion Industries banner in the United States, supplies bearings, power transmission, industrial automation, hydraulic, and pneumatic components to maintenance, repair, and OEM clients.

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