Sei Investments Co. raised its position in Group 1 Automotive, Inc. (NYSE:GPI – Free Report) by 75.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,264 shares of the company’s stock after acquiring an additional 5,262 shares during the quarter. Sei Investments Co. owned approximately 0.10% of Group 1 Automotive worth $4,054,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in GPI. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Group 1 Automotive by 366,770.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,431,464 shares of the company’s stock valued at $10,002,195,000 after purchasing an additional 25,424,532 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Group 1 Automotive by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 688,416 shares of the company’s stock worth $227,612,000 after buying an additional 10,100 shares during the period. State Street Corp boosted its holdings in shares of Group 1 Automotive by 1.5% during the fourth quarter. State Street Corp now owns 505,108 shares of the company’s stock worth $198,659,000 after acquiring an additional 7,418 shares during the period. Norges Bank acquired a new position in shares of Group 1 Automotive in the fourth quarter valued at approximately $98,125,000. Finally, Invesco Ltd. grew its position in shares of Group 1 Automotive by 5.2% in the fourth quarter. Invesco Ltd. now owns 151,578 shares of the company’s stock valued at $59,616,000 after purchasing an additional 7,501 shares during the last quarter. 99.92% of the stock is owned by institutional investors and hedge funds.
Group 1 Automotive Price Performance
Shares of NYSE:GPI opened at $270.99 on Friday. The firm has a 50 day moving average of $309.83 and a 200-day moving average of $327.65. The stock has a market capitalization of $3.23 billion, a PE ratio of 11.29, a PEG ratio of 0.82 and a beta of 0.82. The company has a current ratio of 1.02, a quick ratio of 0.25 and a debt-to-equity ratio of 1.03. Group 1 Automotive, Inc. has a 12 month low of $269.76 and a 12 month high of $488.39.
Group 1 Automotive Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.55 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.20 annualized dividend and a dividend yield of 0.8%. Group 1 Automotive’s dividend payout ratio (DPR) is presently 9.16%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on GPI. Barclays dropped their price target on Group 1 Automotive from $470.00 to $435.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Evercore set a $360.00 price objective on Group 1 Automotive in a report on Tuesday. DA Davidson set a $425.00 target price on Group 1 Automotive in a report on Friday, July 10th. UBS Group reduced their target price on shares of Group 1 Automotive from $338.00 to $330.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Finally, Seaport Research Partners set a $420.00 price target on shares of Group 1 Automotive in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $411.33.
Check Out Our Latest Research Report on GPI
Group 1 Automotive Company 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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