TD Asset Management Inc Has $2.07 Million Stock Position in Group 1 Automotive, Inc. $GPI

TD Asset Management Inc lowered its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 22.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,741 shares of the company’s stock after selling 1,388 shares during the period. TD Asset Management Inc’s holdings in Group 1 Automotive were worth $2,070,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Contravisory Investment Management Inc. grew its stake in Group 1 Automotive by 2.2% during the second quarter. Contravisory Investment Management Inc. now owns 1,077 shares of the company’s stock worth $470,000 after purchasing an additional 23 shares during the period. Farther Finance Advisors LLC boosted its holdings in Group 1 Automotive by 2.3% in the second quarter. Farther Finance Advisors LLC now owns 1,022 shares of the company’s stock worth $446,000 after acquiring an additional 23 shares in the last quarter. Sage Rhino Capital LLC increased its holdings in shares of Group 1 Automotive by 4.6% during the second quarter. Sage Rhino Capital LLC now owns 563 shares of the company’s stock valued at $246,000 after acquiring an additional 25 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Group 1 Automotive by 2.7% during the first quarter. PNC Financial Services Group Inc. now owns 1,144 shares of the company’s stock worth $437,000 after purchasing an additional 30 shares during the period. Finally, Xponance Inc. raised its position in shares of Group 1 Automotive by 2.5% during the first quarter. Xponance Inc. now owns 1,302 shares of the company’s stock worth $497,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 99.92% of the company’s stock.

Analyst Upgrades and Downgrades

GPI has been the subject of several research reports. Wall Street Zen downgraded shares of Group 1 Automotive from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Zacks Research cut shares of Group 1 Automotive from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Benchmark assumed coverage on shares of Group 1 Automotive in a research report on Tuesday, June 24th. They set a “hold” rating for the company. JPMorgan Chase & Co. raised their price target on shares of Group 1 Automotive from $430.00 to $435.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Finally, Morgan Stanley boosted their price objective on Group 1 Automotive from $470.00 to $485.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $478.00.

Insider Buying and Selling

In other news, Director Lincoln Pereira sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $469.34, for a total value of $3,285,380.00. Following the transaction, the director owned 82,967 shares in the company, valued at $38,939,731.78. This trade represents a 7.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Mizell sold 525 shares of Group 1 Automotive stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $417.98, for a total value of $219,439.50. Following the sale, the director owned 8 shares in the company, valued at $3,343.84. This trade represents a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.

Group 1 Automotive Stock Up 1.1%

GPI stock opened at $450.47 on Wednesday. Group 1 Automotive, Inc. has a twelve month low of $344.38 and a twelve month high of $490.09. The company has a quick ratio of 0.24, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. The stock’s 50 day moving average is $452.59 and its 200-day moving average is $435.19. The firm has a market capitalization of $5.83 billion, a PE ratio of 12.42, a P/E/G ratio of 1.20 and a beta of 0.85.

Group 1 Automotive (NYSE:GPI) last posted its earnings results on Thursday, July 24th. The company reported $11.52 earnings per share for the quarter, beating analysts’ consensus estimates of $10.31 by $1.21. Group 1 Automotive had a return on equity of 18.10% and a net margin of 2.18%.The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the company earned $9.82 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. Sell-side analysts expect that Group 1 Automotive, Inc. will post 41 EPS for the current fiscal year.

Group 1 Automotive Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Tuesday, September 2nd. Group 1 Automotive’s dividend payout ratio (DPR) is currently 5.51%.

Group 1 Automotive Company Profile

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.