Group 1 Automotive, Inc. (NYSE:GPI – Get Free Report)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $291.33 and last traded at $297.7520, with a volume of 5335 shares trading hands. The stock had previously closed at $301.74.
Analyst Ratings Changes
A number of brokerages have recently weighed in on GPI. UBS Group initiated coverage on Group 1 Automotive in a research note on Wednesday, May 27th. They set a “neutral” rating and a $338.00 price target on the stock. Benchmark upgraded shares of Group 1 Automotive from a “hold” rating to a “buy” rating and set a $425.00 target price for the company in a research note on Monday, March 30th. JPMorgan Chase & Co. boosted their target price on shares of Group 1 Automotive from $385.00 to $390.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Bank of America initiated coverage on shares of Group 1 Automotive in a research note on Wednesday, March 4th. They set a “buy” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Group 1 Automotive in a report on Friday, June 12th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $441.25.
Get Our Latest Stock Analysis on GPI
Group 1 Automotive Stock Down 2.4%
Group 1 Automotive (NYSE:GPI – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $8.66 EPS for the quarter, missing analysts’ consensus estimates of $8.82 by ($0.16). The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. Group 1 Automotive had a return on equity of 16.63% and a net margin of 1.46%.The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the firm earned $10.17 EPS. On average, equities analysts expect that Group 1 Automotive, Inc. will post 42.37 earnings per share for the current year.
Group 1 Automotive Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, June 1st. Group 1 Automotive’s payout ratio is presently 8.40%.
Institutional Trading of Group 1 Automotive
Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC raised its holdings in shares of 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 purchasing an additional 28 shares during the last quarter. First Horizon Corp grew its position in Group 1 Automotive by 881.8% during the 4th quarter. First Horizon Corp now owns 108 shares of the company’s stock worth $42,000 after purchasing an additional 97 shares during the period. Torren Management LLC purchased a new position in shares of Group 1 Automotive during the 4th quarter valued at about $43,000. Assetmark Inc. raised its stake in shares of Group 1 Automotive by 40.5% during the 4th quarter. Assetmark Inc. now owns 118 shares of the company’s stock valued at $46,000 after buying an additional 34 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of Group 1 Automotive in the 3rd quarter valued at about $55,000. Institutional investors and hedge funds own 99.92% of the company’s stock.
About Group 1 Automotive
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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