Genuine Parts Co

GPC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$785.00	Xclzlh	Sgxbnxdhf

Strong Demand, Efficiencies Drive Sturdy Fourth Quarter for Genuine Parts; Shares Rich

Dan Wasiolek , Ari Felhandler

Feb 23, 2023

We plan to bump up our $148 per share fair value estimate by a low-single-digit percentage on narrow-moat Genuine Parts after strong fourth-quarter earnings outpaced our top- and bottom-line estimates; however, we suggest investors seek a more attractive entry point as shares continue to trade at a premium.

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