Leeward Investments LLC MA Has $9.61 Million Position in Group 1 Automotive, Inc. $GPI

Leeward Investments LLC MA reduced its position in shares of Group 1 Automotive, Inc. (NYSE:GPI) by 4.2% during the second quarter, Holdings Channel reports. The firm owned 22,001 shares of the company’s stock after selling 957 shares during the period. Leeward Investments LLC MA’s holdings in Group 1 Automotive were worth $9,608,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GPI. Nuveen LLC purchased a new position in Group 1 Automotive during the first quarter worth about $74,499,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Group 1 Automotive by 1,287.8% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 102,000 shares of the company’s stock worth $44,544,000 after purchasing an additional 94,650 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Group 1 Automotive by 130.5% during the first quarter. Wellington Management Group LLP now owns 99,914 shares of the company’s stock worth $38,162,000 after purchasing an additional 56,564 shares during the last quarter. Advent International L.P. boosted its holdings in Group 1 Automotive by 15.3% during the first quarter. Advent International L.P. now owns 235,195 shares of the company’s stock worth $89,833,000 after purchasing an additional 31,244 shares during the last quarter. Finally, HITE Hedge Asset Management LLC boosted its holdings in Group 1 Automotive by 265.6% during the first quarter. HITE Hedge Asset Management LLC now owns 24,710 shares of the company’s stock worth $9,438,000 after purchasing an additional 17,951 shares during the last quarter. 99.92% of the stock is currently owned by hedge funds and other institutional investors.

Group 1 Automotive Trading Down 1.6%

Shares of GPI opened at $424.12 on Friday. The business’s 50-day moving average price is $451.59 and its 200-day moving average price is $436.34. Group 1 Automotive, Inc. has a twelve month low of $344.92 and a twelve month high of $490.09. The stock has a market cap of $5.49 billion, a PE ratio of 11.69, a P/E/G ratio of 1.14 and a beta of 0.85. The company has a quick ratio of 0.24, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings results on Thursday, July 24th. The company reported $11.52 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the prior year, the business posted $9.82 earnings per share. The company’s revenue was up 21.4% on a year-over-year basis. On average, equities analysts forecast that Group 1 Automotive, Inc. will post 41 EPS for the current fiscal year.

Group 1 Automotive Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.00 annualized dividend and a dividend yield of 0.5%. Group 1 Automotive’s dividend payout ratio is currently 5.51%.

Analyst Upgrades and Downgrades

GPI has been the topic of a number of research analyst reports. Citigroup reissued a “buy” rating on shares of Group 1 Automotive in a report on Thursday, September 25th. Zacks Research downgraded shares of Group 1 Automotive from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Group 1 Automotive in a research note on Saturday. Morgan Stanley boosted their price objective on Group 1 Automotive from $470.00 to $485.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Finally, Bank of America lowered their price objective on Group 1 Automotive from $560.00 to $545.00 and set a “buy” rating on the stock in a research note on Wednesday, September 10th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Group 1 Automotive currently has an average rating of “Moderate Buy” and an average price target of $478.00.

Insider Buying and Selling at Group 1 Automotive

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

Group 1 Automotive 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.