ValuEngine lowered shares of Group 1 Automotive (NYSE:GPI) from a buy rating to a hold rating in a report published on Tuesday morning.
Several other brokerages also recently weighed in on GPI. Zacks Investment Research raised Group 1 Automotive from a hold rating to a strong-buy rating and set a $92.00 price target for the company in a report on Wednesday, January 31st. Bank of America increased their price target on Group 1 Automotive from $103.00 to $105.00 and gave the stock a buy rating in a report on Friday, February 9th. Morgan Stanley increased their price target on Group 1 Automotive from $53.00 to $62.00 and gave the stock an underweight rating in a report on Wednesday, March 14th. Finally, Buckingham Research raised Group 1 Automotive from a neutral rating to a buy rating and set a $89.00 price target for the company in a report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Group 1 Automotive currently has an average rating of Hold and a consensus target price of $83.00.
Shares of Group 1 Automotive (NYSE:GPI) opened at $65.39 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 1.17. Group 1 Automotive has a fifty-two week low of $51.62 and a fifty-two week high of $84.47. The firm has a market capitalization of $1,523.41, a price-to-earnings ratio of 6.46, a P/E/G ratio of 1.12 and a beta of 1.75.
Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Thursday, February 8th. The company reported $2.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.24. Group 1 Automotive had a return on equity of 15.85% and a net margin of 1.89%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period last year, the company earned $1.74 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. analysts anticipate that Group 1 Automotive will post 9.28 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were given a $0.26 dividend. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, February 28th. This represents a $1.04 annualized dividend and a yield of 1.59%. Group 1 Automotive’s dividend payout ratio is presently 10.28%.
In other Group 1 Automotive news, CEO Earl J. Hesterberg sold 19,500 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $74.69, for a total value of $1,456,455.00. Following the completion of the transaction, the chief executive officer now owns 156,316 shares in the company, valued at $11,675,242.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Earl J. Hesterberg sold 10,640 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $74.44, for a total value of $792,041.60. Following the completion of the transaction, the chief executive officer now owns 165,010 shares of the company’s stock, valued at approximately $12,283,344.40. The disclosure for this sale can be found here. Insiders sold 152,398 shares of company stock valued at $11,763,108 in the last quarter. 6.08% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Group 1 Automotive in the fourth quarter worth $119,000. Amalgamated Bank purchased a new position in Group 1 Automotive in the fourth quarter worth $203,000. Trilogy Capital Inc. purchased a new position in Group 1 Automotive in the fourth quarter worth $206,000. MANA Advisors LLC purchased a new position in Group 1 Automotive in the fourth quarter worth $213,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in Group 1 Automotive in the fourth quarter worth $248,000. Hedge funds and other institutional investors own 97.57% of the company’s stock.
About Group 1 Automotive
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.
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