NEW YORK (TheStreet) -- Genuine Parts Co.  (GPC - Get Report) shares are up 0.72% to $97.71 in trading Tuesday after the auto parts manufacturer released its fourth quarter earnings results before the opening bell today.

The Atlanta-based company reported fourth quarter earnings $1.07 per share, beating analysts' estimates of $1.06 per share by 1 cent. The company also generated revenue of $3.82 billion in the period, an 8.7% year over year increase that beat analysts' $3.73 billion consensus.

Separately, the company declared a 2015 annual dividend of $2.46 per share, up from its previous annual payout of $2.30 per share. The quarterly payout will be 61.5 cents per share, payable April 1 to shareholders of record on March 6.

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TheStreet Ratings team rates GENUINE PARTS CO as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate GENUINE PARTS CO (GPC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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