Group 1 Automotive, Inc. (NYSE:GPI) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lessened its holdings in Group 1 Automotive, Inc. (NYSE:GPI) by 2.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,283 shares of the company’s stock after selling 31 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Group 1 Automotive were worth $541,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Bessemer Group Inc. increased its position in shares of Group 1 Automotive by 119.4% in the fourth quarter. Bessemer Group Inc. now owns 68 shares of the company’s stock valued at $29,000 after buying an additional 37 shares in the last quarter. R Squared Ltd acquired a new stake in Group 1 Automotive in the 4th quarter valued at $30,000. GAMMA Investing LLC raised its position in Group 1 Automotive by 70.4% during the fourth quarter. GAMMA Investing LLC now owns 121 shares of the company’s stock worth $51,000 after acquiring an additional 50 shares during the period. Avior Wealth Management LLC lifted its holdings in Group 1 Automotive by 25.6% during the fourth quarter. Avior Wealth Management LLC now owns 152 shares of the company’s stock valued at $64,000 after purchasing an additional 31 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Group 1 Automotive in the fourth quarter valued at about $66,000. Institutional investors and hedge funds own 99.92% of the company’s stock.

Group 1 Automotive Stock Up 0.1 %

NYSE GPI opened at $407.58 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of 0.92. Group 1 Automotive, Inc. has a 52 week low of $279.86 and a 52 week high of $490.09. The business’s fifty day simple moving average is $410.17 and its 200-day simple moving average is $417.25. The firm has a market cap of $5.32 billion, a PE ratio of 11.09 and a beta of 1.05.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Thursday, April 24th. The company reported $10.17 earnings per share for the quarter, beating the consensus estimate of $9.68 by $0.49. The business had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.37 billion. Group 1 Automotive had a net margin of 2.47% and a return on equity of 18.09%. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.49 EPS. As a group, equities analysts anticipate that Group 1 Automotive, Inc. will post 41 earnings per share for the current year.

Group 1 Automotive Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.49%. This is an increase from Group 1 Automotive’s previous quarterly dividend of $0.47. Group 1 Automotive’s payout ratio is currently 5.61%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GPI shares. Guggenheim decreased their price target on shares of Group 1 Automotive from $502.00 to $426.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Citigroup started coverage on Group 1 Automotive in a research report on Wednesday, April 23rd. They issued a “buy” rating and a $463.00 target price on the stock. Stephens reiterated an “equal weight” rating and set a $460.00 price target on shares of Group 1 Automotive in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. decreased their price objective on Group 1 Automotive from $495.00 to $435.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Group 1 Automotive has an average rating of “Moderate Buy” and an average target price of $449.86.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.