Northwestern Mutual Wealth Management Co. bought a new position in Group 1 Automotive, Inc. (NYSE:GPI – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,931 shares of the company’s stock, valued at approximately $1,436,000.
Several other large investors have also modified their holdings of the stock. WINTON GROUP Ltd acquired a new stake in shares of Group 1 Automotive during the 4th quarter valued at approximately $5,167,000. Norges Bank bought a new stake in Group 1 Automotive during the fourth quarter valued at $98,125,000. New Age Alpha Advisors LLC raised its holdings in shares of Group 1 Automotive by 1,001.6% during the fourth quarter. New Age Alpha Advisors LLC now owns 12,779 shares of the company’s stock worth $5,026,000 after purchasing an additional 11,619 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Group 1 Automotive by 51.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 78,794 shares of the company’s stock worth $26,064,000 after buying an additional 26,822 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new position in shares of Group 1 Automotive in the 1st quarter valued at about $5,049,000. Institutional investors own 99.92% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on GPI shares. Evercore set a $360.00 price objective on shares of Group 1 Automotive in a research note on Tuesday, August 4th. JPMorgan Chase & Co. downgraded Group 1 Automotive from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $380.00 to $320.00 in a research note on Friday, July 31st. UBS Group lowered their target price on Group 1 Automotive from $338.00 to $330.00 and set a “neutral” rating for the company in a report on Friday, July 10th. Seaport Research Partners set a $420.00 price objective on Group 1 Automotive in a research report on Monday, August 3rd. Finally, Barclays lowered their price objective on Group 1 Automotive from $435.00 to $365.00 and set an “overweight” rating for the company in a research note on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $392.44.
Group 1 Automotive Stock Performance
GPI opened at $264.62 on Wednesday. The business’s 50 day moving average is $295.34 and its 200-day moving average is $316.80. The stock has a market cap of $3.15 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 0.78 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 twelve month low of $249.54 and a twelve month high of $488.39.
Group 1 Automotive (NYSE:GPI – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $9.61 earnings per share for the quarter, missing the consensus estimate of $10.60 by ($0.99). Group 1 Automotive had a net margin of 1.31% and a return on equity of 15.66%. The business had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.66 billion. During the same period in the previous year, the firm earned $10.82 EPS. The firm’s revenue was down 5.6% on a year-over-year basis. On average, analysts predict that Group 1 Automotive, Inc. will post 38.96 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 Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, September 1st. Group 1 Automotive’s dividend payout ratio is currently 9.16%.
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.
Read More
- Five stocks we like better than Group 1 Automotive
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Receive News & Ratings for Group 1 Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive and related companies with MarketBeat.com's FREE daily email newsletter.
