Jim Cramer on Genuine Parts Company: "I Think You Have to Wait on That One"

Genuine Parts Company (NYSE:GPC) is one of the stocks Jim Cramer talked about. When a caller asked about the stock during the lightning round, Cramer said:

That last quarter was awful. I mean, I was actually surprised how bad it was. I don’t want to, I mean, it’s still got protected by the yield at 3.6. I think you have to wait on that one.

Genuine Parts Company (NYSE:GPC) distributes automotive and industrial replacement parts, including engine components, bearings, and specialized tools for electric or heavy-duty vehicles. On February 24, The Fly reported that the company’s stock was double upgraded to Strong Buy from Market Perform by Raymond James analyst Sam Darkatsh with a price target of $145. The analyst noted that the stock price fell 20% following the Q4 report, even as the company announced a separation of its Auto and Industrial businesses. The firm acknowledged that weak auto demand may challenge near-term investor sentiment, but the industrial data has improved.

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