Livforsakringsbolaget Skandia Omsesidigt lessened its stake in Group 1 Automotive, Inc. (NYSE:GPI – Free Report) by 54.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,450 shares of the company’s stock after selling 2,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Group 1 Automotive were worth $963,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its stake in Group 1 Automotive by 54.9% during the fourth quarter. Signaturefd LLC now owns 79 shares of the company’s stock worth $31,000 after acquiring an additional 28 shares in the last quarter. First Horizon Corp raised its stake in Group 1 Automotive by 881.8% during the fourth quarter. First Horizon Corp now owns 108 shares of the company’s stock worth $42,000 after acquiring an additional 97 shares in the last quarter. Torren Management LLC acquired a new position in Group 1 Automotive during the fourth quarter worth about $43,000. Assetmark Inc. raised its stake in Group 1 Automotive by 40.5% during the fourth quarter. Assetmark Inc. now owns 118 shares of the company’s stock worth $46,000 after acquiring an additional 34 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Group 1 Automotive during the third quarter worth about $55,000. Institutional investors and hedge funds own 99.92% of the company’s stock.
Analyst Ratings Changes
GPI has been the subject of several research analyst reports. Morgan Stanley lowered their target price on Group 1 Automotive from $460.00 to $400.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Bank of America began coverage on Group 1 Automotive in a research note on Wednesday, March 4th. They set a “buy” rating for the company. JPMorgan Chase & Co. boosted their price target on Group 1 Automotive from $385.00 to $390.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Citigroup boosted their price target on Group 1 Automotive from $420.00 to $462.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, Barclays boosted their price target on Group 1 Automotive from $455.00 to $470.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $441.25.
Group 1 Automotive Stock Performance
NYSE:GPI opened at $311.66 on Friday. The stock has a market cap of $3.71 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 0.70 and a beta of 0.81. The company has a current ratio of 0.95, a quick ratio of 0.21 and a debt-to-equity ratio of 1.00. The stock’s 50-day moving average is $331.57 and its 200-day moving average is $356.63. Group 1 Automotive, Inc. has a 1-year low of $292.44 and a 1-year high of $488.39.
Group 1 Automotive (NYSE:GPI – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $8.66 earnings per share for the quarter, missing the consensus estimate of $8.82 by ($0.16). The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.42 billion. Group 1 Automotive had a return on equity of 16.63% and a net margin of 1.46%.The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $10.17 earnings per share. Equities research analysts anticipate that Group 1 Automotive, Inc. will post 42.37 earnings per share for the current year.
Group 1 Automotive Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.55 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.20 annualized dividend and a yield of 0.7%. Group 1 Automotive’s dividend payout ratio is presently 8.40%.
Group 1 Automotive Profile
Group 1 Automotive, Inc (NYSE: GPI) is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.
Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.
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